Tax breaks for freelancers approved by House committee
THE House Committee on Ways and Means said it approved the tax break clauses of a bill laying down the rights of freelance workers.
Efficient spending seen needed to plug infrastructure gap
ADDRESSING the Philippines’ infrastructure shortcomings will require more efficient åment of rigid institutional processes to clear up the project pipeline, ANZ Research said.
Gov’t delays reopening of cinemas in metro
THE GOVERNMENT has moved the reopening of movie houses in Metro Manila to March 1, according to the presidential palace, after mayors who warned of coronavirus risks opposed the plan.
US compensation may be used versus pandemic — palace
THE PRESIDENTIAL palace on Monday said the Philippines could use US compensation in exchange for a visiting forces agreement (VFA) to fight the coronavirus and boost social services.
Police, AMLC set up ‘Fusion Center’ vs terrorist-financing
THE PHILIPPINE police and Anti-Money Laundering Council (AMLC) have agreed to set up an office where both can share information in the fight against money laundering and terrorism-financing.
Developers told to register with AMLC
REAL ESTATE developers and brokers as well as Philippine offshore gaming operators (POGOs) and service providers are required to register with the electronic reporting system of the Anti-Money Laundering Council (AMLC) by mid-March.
Peso to extend gains vs dollar on BSP decision
THE PESO will likely strengthen versus the dollar this week on the expected arrival of the vaccines in the country and following signals from the central bank that it would keep rates low to support the economy.
Shares to move sideways on profit taking, BSP
THE MARKET is expected to trade sideways this week as investors look forward to the start of the government’s coronavirus disease 2019 (COVID-19) vaccination program and following the central bank’s decision to keep interest rates at their current record lows.
Local COVID-19 infections nearing 550,000
THE Department of Health (DoH) reported 1,928 coronavirus cases on Sunday, bringing the total to 549,176.
International court urged to try Duterte for mass murders
THE FAMILIES of suspected pushers killed in the government’s war on drugs have asked the International Criminal Court (ICC) to admit more evidence about President Rodrigo R. Duterte’s alleged crimes against humanity.
Suspicious reports surged after updated terror law — AMLC
SUSPICIOUS transaction reports related to terrorist financing surged in the past quarter after an updated Philippine law against terror took effect, according to the Anti-Money Laundering Council (AMLC).
PHL FDI ‘growth’ in 2020 reflects different UNCTAD methodology
THE Philippines’ foreign direct investment (FDI) performance in 2020 has become the subject of contention after the United Nations Conference on Trade and Development (UNCTAD) projected that the country “bucked the trend” in Southeast Asia with a gain of 29% to $6.4 billion.