THE Philippine Amusement and Gaming Corp. (PAGCOR) said Thursday that revenue rose 11.44% year-on-year to P25.09 billion in the four months to April, amid strong fees from gaming licensees and offshore gaming operators.

THE Court of Appeals (CA) affirmed a December 2017 Manila court decision finding a Chinese company and its three local partners guilty of copyright infringement and ordering them to pay P24.7 million in damages to a Philippine publisher.

THE House committee on Metro Manila Development questioned the Metro Manila Development Authority (MMDA)’s spending on garbage collection in 2018, raising the possibility that the MMDA overpaid or is not going about it efficiently.

FORTY-SIX government-owned and controlled corporations (GOCCs) remitted a total of P38.9 billion worth of dividends to the Treasury in the five months to May, or just 3% less than the record P40.17 billion remitted in all of 2018, the Department of Finance (DoF) said.

MOODY’s Investors Service cut its Philippine economic growth forecast to 6% for this year from its previous projection of 6.2% due to the delayed approval of the 2019 General Appropriations Act (GAA), which dampened gross domestic product (GDP) growth in the first quarter.

THE Department of Trade and Industry (DTI) said it is working to release within the year an incentive package that will encourage hybrid and electric car manufacturers to set up assembly plants here.

THE Department of Agriculture (DA) said it would rather see pork prices rise as a result of measures adopted to minimize the risk of African Swine Fever (ASF), than allow the disease to enter the country and devastate the P200- billion hog-raisng industry.

THE National Economic and Development Authority (NEDA) is currently seeking funding for a plan to mitigate the impact of El Niño, focused on ensuring food and water security.

THE Employers Confederation of the Philippines (ECoP), the largest group of private employers, said Thursday it will work to develop “more balanced” policies on job security and worker protections, on the same week the Security of Tenure Bill made its way through the legislature.

THE Philippines needs to sustain its investment in physical infrastructure and ensure a digital-ready work force, the head of an Asian Institute of Management (AIM) think tank on competitiveness said.

One of the major changes introduced in the TRAIN law was mandatory e-invoicing. Under the law, taxpayers engaged in the export of goods and services, e-commerce, and those considered Large Taxpayers, are required to issue electronic invoices/receipts and to report their sales data to the Bureau of Internal Revenue (BIR) at the point of sale within five years from the effectivity of the TRAIN law, i.e., on or before Jan. 1, 2023. This measure is contingent on the establishment of a system capable of storing and processing the required data.

THE House of Representatives on Tuesday adopted the Senate’s version of a bill which seeks to prohibit the practice of “endo,” clearing the way for more workers to enjoy regular status with their employers.