TAX & BUSINESS-RELATED NEWS [NOVEMBER 28-DECEMBER 5]
Review of VAT refund scheme for PEZA firms backed [Inquirer Mobile, December 5, 2022]
The American Chamber of Commerce of the Philippines (AmCham) is supporting moves to amend the country’s zero value-added tax (VAT) rating perk for registered businesses, citing that it takes an inordinate amount of time to get tax refunds from the government.
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The little-known crew behind the success of Jollibee [Philippine Daily Inquirer, December 5, 2022]
“Jollibee Group has always preferred to go directly to the source of its vegetables as much as possible,” Jollibee Group Foundation (JGF) executive director Gisela Tiongson tells the Inquirer.
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Billionaires should invest in Maharlika fund, not workers: group [ABS-CBN News, December 5, 2022]
This is the proposal of Atty. Sonny Matula, Nagkaisa Labor Coalition chairman, after House Speaker Martin Romualdez led several lawmakers in filing House Bill 6398 seeking the creation of a sovereign wealth fund, dubbed as the Maharlika Investment Fund.
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DMCI Homes plans to launch a P7-B high-rise project [BusinessWorld, December 5, 2022]
REAL-ESTATE developer DMCI Homes, Inc. is targeting to launch a high-rise ******inium project in Caloocan by January next year, according to its president.
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Villar to open ****** in 2023, launch more condos [Manila Bulletin, December 4, 2022]
The project, which will eventually feature hotels, ******iniums, a mall, a ******, and a theme park, is located in the Las Piñas-Parañaque area near the Ninoy Aquino International Airport.
Villar to open ****** in 2023, launch more condos
Oriental Mindoro governor OKs armour rocks extraction ordinance [ABS-CBN News, December 3, 2022]
The move came despite his pronouncement last Nov. 28 that he will not allow any form of mining as long as he is the governor of the province.
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Over 20,000 workers affected in Zamboanga City closed fishing season [ABS-CBN News, December 3, 2022]
Canning factories and fishing vessels catching tamban in Zamboanga City have been implementing the closed season for 12 years now.
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Sta. Lucia Land eyes P5-billion loan, 11 joint venture projects [BusinessWorld, December 2, 2022]
STA. LUCIA Land, Inc. said on Thursday that its board had approved taking out a P5-billion loan from institutional lenders while authorizing joint ventures to develop 11 projects, including two in Mindanao.
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Hybrid work changing business dynamic, says HR tech firm [ABS-CBN News, December 2, 2022]
Hybrid work has presented new challenges for businesses such as finding solutions for both the employers and workers that fit the new normal, human resource tech company Sprout Solutions CEO and co-founder Patrick Gentry said on Friday.
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19 schools post perfect passing rate in November 2022 Nurse Licensure Exam [Manila Bulletin, December 2, 2022]
Last Nov. 30, PRC announced that 18,529 out of 24,903 examinees successfully passed the Nurse Licensure Exam.
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UBE Express to launch One Ayala to NAIA Terminals 1-4 service on Dec. 1 [ABS-CBN News, December 1, 2022]
Fare is set at P150, it said.
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Indonesia families sue govt over cough syrup deaths, injuries [Manila Bulletin, December 1, 2022]
The World Health Organization has said it found an “unacceptable amount” of diethylene glycol and ethylene glycol in four Indian-made cough syrups and warned they could be linked to the deaths.
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Robinsons Land expands with opening of 54th mall in Gapan [ABS-CBN News, November 30, 2022]
Robinsons Gapan is also RLC's 12th mall in Northern and Central Luzon and its second in Nueva Ecija. It is near the provincial capital Palayan and Cabanatuan as well as the towns in Bulacan province, the Gokongwei-led group said.
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Senator wants regulated parking fees nationwide [The Philippine Star, November 29, 2022[
Sen. Ramon Bong Revilla Jr., who chairs the Senate Committee on Public Works, filed a bill regulating parking fees in commercial and business establishments, institutions and parking facilities in response to public clamor.
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Villar files bill seeking to give 13th month pay for contractual, job order personnel [Manila Bulletin, November 29, 2022]
Senator Mark A. Villar has filed a bill seeking to grant 13th month pay for contractual and job order personnel in the government service.
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ERC orders 3-month suspension of FIT-All charges to help soothe inflation pain [The Philippine Star, November 29, 2022]
The FIT-All is a uniform charge imposed on all on-grid electricity consumers. It is a component of the electricity bill that ensures the development and promotion of renewable energy (RE) in the country.
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DMCI unit targets more subway contract packages [BusinessWorld, November 29, 2022]
The subway line will start in Quezon City’s Mindanao Ave.–Quirino Highway and will end in FTI, Taguig City. Its proposed depot is in Brgy. Ugong, Valenzuela City.
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Marcos to sign order promoting ease of doing business in PH: Palace [ABS-CBN News, November 29, 2022]
“The EO will mandate concerned offices to establish a Green Lane to expedite and streamline the process and requirements for the issuance of permits and licenses, including resolutions of issues concerning strategic investments,” it added.
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Lazada ordered to pay P8.17M in business tax to Makati City [Bilyonaryo, November 28, 2022]
The Court of Tax Appeals’ special third division partially granted Lazada E-Services Philippines Inc.’s petition for review but still ordered it to pay the City of Makati and its City Treasurer P8.17 million on local business taxes for 2015 and 2017, albeit smaller than the P21.8 million that was sought.
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MPTC to award Candaba viaduct project by yearend [BusinessWorld, November 28, 2022]
The Candaba Viaduct is a causeway allowing motorists to traverse the section of the swamp between Pulilan, Bulacan and Apalit, Pampanga. A third viaduct will be built between the northbound and southbound portions. The viaduct is a strategic expressway link that has been serving the Metro Manila, and Central and North Luzon road corridor for several years.
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Review of VAT refund scheme for PEZA firms backed [Inquirer Mobile, December 5, 2022]
The American Chamber of Commerce of the Philippines (AmCham) is supporting moves to amend the country’s zero value-added tax (VAT) rating perk for registered businesses, citing that it takes an inordinate amount of time to get tax refunds from the government.
You do not have permission to view the full content of this post. Log in or register now.
The little-known crew behind the success of Jollibee [Philippine Daily Inquirer, December 5, 2022]
“Jollibee Group has always preferred to go directly to the source of its vegetables as much as possible,” Jollibee Group Foundation (JGF) executive director Gisela Tiongson tells the Inquirer.
You do not have permission to view the full content of this post. Log in or register now.
Billionaires should invest in Maharlika fund, not workers: group [ABS-CBN News, December 5, 2022]
This is the proposal of Atty. Sonny Matula, Nagkaisa Labor Coalition chairman, after House Speaker Martin Romualdez led several lawmakers in filing House Bill 6398 seeking the creation of a sovereign wealth fund, dubbed as the Maharlika Investment Fund.
You do not have permission to view the full content of this post. Log in or register now.
DMCI Homes plans to launch a P7-B high-rise project [BusinessWorld, December 5, 2022]
REAL-ESTATE developer DMCI Homes, Inc. is targeting to launch a high-rise ******inium project in Caloocan by January next year, according to its president.
You do not have permission to view the full content of this post. Log in or register now.
Villar to open ****** in 2023, launch more condos [Manila Bulletin, December 4, 2022]
The project, which will eventually feature hotels, ******iniums, a mall, a ******, and a theme park, is located in the Las Piñas-Parañaque area near the Ninoy Aquino International Airport.
Villar to open ****** in 2023, launch more condos
Oriental Mindoro governor OKs armour rocks extraction ordinance [ABS-CBN News, December 3, 2022]
The move came despite his pronouncement last Nov. 28 that he will not allow any form of mining as long as he is the governor of the province.
You do not have permission to view the full content of this post. Log in or register now.
Over 20,000 workers affected in Zamboanga City closed fishing season [ABS-CBN News, December 3, 2022]
Canning factories and fishing vessels catching tamban in Zamboanga City have been implementing the closed season for 12 years now.
You do not have permission to view the full content of this post. Log in or register now.
Sta. Lucia Land eyes P5-billion loan, 11 joint venture projects [BusinessWorld, December 2, 2022]
STA. LUCIA Land, Inc. said on Thursday that its board had approved taking out a P5-billion loan from institutional lenders while authorizing joint ventures to develop 11 projects, including two in Mindanao.
You do not have permission to view the full content of this post. Log in or register now.
Hybrid work changing business dynamic, says HR tech firm [ABS-CBN News, December 2, 2022]
Hybrid work has presented new challenges for businesses such as finding solutions for both the employers and workers that fit the new normal, human resource tech company Sprout Solutions CEO and co-founder Patrick Gentry said on Friday.
You do not have permission to view the full content of this post. Log in or register now.
19 schools post perfect passing rate in November 2022 Nurse Licensure Exam [Manila Bulletin, December 2, 2022]
Last Nov. 30, PRC announced that 18,529 out of 24,903 examinees successfully passed the Nurse Licensure Exam.
You do not have permission to view the full content of this post. Log in or register now.
UBE Express to launch One Ayala to NAIA Terminals 1-4 service on Dec. 1 [ABS-CBN News, December 1, 2022]
Fare is set at P150, it said.
You do not have permission to view the full content of this post. Log in or register now.
Indonesia families sue govt over cough syrup deaths, injuries [Manila Bulletin, December 1, 2022]
The World Health Organization has said it found an “unacceptable amount” of diethylene glycol and ethylene glycol in four Indian-made cough syrups and warned they could be linked to the deaths.
You do not have permission to view the full content of this post. Log in or register now.
Robinsons Land expands with opening of 54th mall in Gapan [ABS-CBN News, November 30, 2022]
Robinsons Gapan is also RLC's 12th mall in Northern and Central Luzon and its second in Nueva Ecija. It is near the provincial capital Palayan and Cabanatuan as well as the towns in Bulacan province, the Gokongwei-led group said.
You do not have permission to view the full content of this post. Log in or register now.
Senator wants regulated parking fees nationwide [The Philippine Star, November 29, 2022[
Sen. Ramon Bong Revilla Jr., who chairs the Senate Committee on Public Works, filed a bill regulating parking fees in commercial and business establishments, institutions and parking facilities in response to public clamor.
You do not have permission to view the full content of this post. Log in or register now.
Villar files bill seeking to give 13th month pay for contractual, job order personnel [Manila Bulletin, November 29, 2022]
Senator Mark A. Villar has filed a bill seeking to grant 13th month pay for contractual and job order personnel in the government service.
You do not have permission to view the full content of this post. Log in or register now.
ERC orders 3-month suspension of FIT-All charges to help soothe inflation pain [The Philippine Star, November 29, 2022]
The FIT-All is a uniform charge imposed on all on-grid electricity consumers. It is a component of the electricity bill that ensures the development and promotion of renewable energy (RE) in the country.
You do not have permission to view the full content of this post. Log in or register now.
DMCI unit targets more subway contract packages [BusinessWorld, November 29, 2022]
The subway line will start in Quezon City’s Mindanao Ave.–Quirino Highway and will end in FTI, Taguig City. Its proposed depot is in Brgy. Ugong, Valenzuela City.
You do not have permission to view the full content of this post. Log in or register now.
Marcos to sign order promoting ease of doing business in PH: Palace [ABS-CBN News, November 29, 2022]
“The EO will mandate concerned offices to establish a Green Lane to expedite and streamline the process and requirements for the issuance of permits and licenses, including resolutions of issues concerning strategic investments,” it added.
You do not have permission to view the full content of this post. Log in or register now.
Lazada ordered to pay P8.17M in business tax to Makati City [Bilyonaryo, November 28, 2022]
The Court of Tax Appeals’ special third division partially granted Lazada E-Services Philippines Inc.’s petition for review but still ordered it to pay the City of Makati and its City Treasurer P8.17 million on local business taxes for 2015 and 2017, albeit smaller than the P21.8 million that was sought.
You do not have permission to view the full content of this post. Log in or register now.
MPTC to award Candaba viaduct project by yearend [BusinessWorld, November 28, 2022]
The Candaba Viaduct is a causeway allowing motorists to traverse the section of the swamp between Pulilan, Bulacan and Apalit, Pampanga. A third viaduct will be built between the northbound and southbound portions. The viaduct is a strategic expressway link that has been serving the Metro Manila, and Central and North Luzon road corridor for several years.
You do not have permission to view the full content of this post. Log in or register now.
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