Bill protecting food and grocery delivery riders filed at House
A LEGISLATOR has filed a bill seeking to protect food and grocery delivery riders from canceled orders.
Ease of tax filing and payment during community quarantine
By Mark Ebenezer A. Bernardo
The COVID-19 crisis has been sweeping the globe, affecting Filipinos everywhere. To finance public initiatives and to control the pandemic, the government is increasing its efforts to raise revenue despite the difficulties brought about by quarantine restrictions.
Fintech firms seek emerging-industry protections in tax
THE fintech industry said it wants to be recognized as an emerging industry with some protections in a bill proposing to tax digital services.
DBM releases 91% of budget as of end-May
THE Department of Budget and Management (DBM) said it released 91.1% of this year’s P4.1-trillion spending plan as of the end of May.
DTI rules out rent concessions during MGCQ
THE Department of Trade and Industry (DTI) said rent deferrals will no longer apply during a modified general community quarantine (MGCQ).
LGUs ordered to streamline energy-project permit process
LOCAL government units (LGU) were ordered to streamline permit processing and fee structures for energy projects, in compliance with Republic Act No. 11234 or the Energy Virtual One-Stop Shop (EVOSS).
PAGCOR remits P5B in fresh dividends to Treasury
THE Philippine Amusement and Gaming Corp. (PAGCOR) said it remitted P5 billion in additional dividends to the Treasury Friday to increase government funding for the coronavirus disease 2019 (COVID-19) containment effort.
DTI’s Lopez says non-tariff barriers hinder pandemic response
TRADE Secretary Ramon M. Lopez expressed opposition to non-tariff measures across the region that could hinder the movement of essential goods as ASEAN members respond to the pandemic.
Consensus in lease concessions due to COVID-19
By Jerome B. Ching
Almost every part of the country has been, and remains, under community quarantine to help curb the COVID-19 pandemic. Business owners were forced to announce the temporary closure of non-essential establishments such as shopping centers, schools and office buildings, supermarkets, drugstores and other essential businesses which saw changes in operating hours and on-site operations, while food providers such as restaurants were only allowed to provide take away and food delivery services. As a result, commercial tenants found themselves in a dramatic situation where they lost all their revenue overnight while their obligations under their lease agreements continue to apply.
House passes ‘unfundable’ CURES stimulus bill on third reading
The House of Representatives on Friday approved on third reading a measure providing P1.5-trillion for infrastructure projects over three years, intended as a program...
Infrastructure spending goal reduced in 2020, expanded in 2021
The Department of Budget and Management (DBM) said the 2020 infrastructure spending target has been reduced to P833 billion from P989 billion to account...
Senate admits defeat on passing CREATE before break, promises approval by August
The clock ran out on the Senate to approve a measure that will immediately reduce the corporate income tax to 25% from 30%, with...