Rent grace period set at 30 days after firms reopen
BUSINESSES have been granted a 30-day grace period on rent payments counting from the date businesses are permitted to operate, the Department of Trade and Industry (DTI) said.
Bill to make gov’t procurement ‘green’ approved by House committee
THE House Committee on Sustainable Development Goals approved Tuesday a substitute bill to House Bill 6526 which seeks to establish a sustainable public procurement program for all agencies.
PEZA calls for status quo on incentives in CREATE bill
THE Philippine Economic Zone Authority (PEZA) said it wants to retain the “status quo” on incentives for export-oriented companies, posing another potential delay to the bill reducing corporate income tax and rationalizing incentives.
Last phase of TPLEx to open this month
THE final phase of the Tarlac-Pangasinan-La Union Expressway (TPLEx) project is set to open this month, the Department of Public Works and Highways (DPWH) said.
Electronics firms still subject to supply issues despite demand
THE electronics industry reported continued disruption in their import supply chains, which is hindering their attempts to ramp up production to address pent-up demand as lockdown restrictions ease.
DA seeks $200-million World Bank loan to modernize fisheries
THE Department of Agriculture (DA) said it requested a $200-million loan from the World Bank which will support the modernization of the fisheries industry.
NEDA backs more investments in IT infrastructure, cashless processes
THE National Economic and Development Authority (NEDA) said it supports greater investments in the infrastructure supporting e-commerce and cashless transactions, which allowed many businesses and individuals to function during the lockdowns and beyond.
House panel approves e-government bill
THE House Committee on Information and Communications Technology on Monday approved House Bill 1248, which will require electronic government services and processes in all agencies and government corporations.
WFH to require data safeguards for outsourcing clients
OUTSOURCING contracts need to be rewritten to ensure client data protection under work-from-home (WFH) arrangements, IBM Philippines Government and Regulatory Affairs Executive Princess Lou M. Ascalon said.
PSA, NEDA survey farmers, fishermen on COVID-19 impact
THE Philippine Statistics Authority (PSA) has tied up with the National Economic and Development Authority (NEDA) for a survey that hopes to assess the impact of the coronavirus disease 2019 (COVID-19) outbreak on the agriculture and fisheries industries.
Energy efficiency industry, angling for slice of PESA money, touts job-creation potential
ENERGY efficiency projects have the potential to generate 45% more jobs than the government's flagship infrastructure program, assuming extensive investment from the economic stimulus package, the industry association said.
Proposed tax reform in a time of pandemic
By John Paulo D. Garcia
The government’s plan to improve our corporate tax system and to develop a more efficient and competitive tax incentives regime has been ongoing for quite some time. In February, the proposed measure, known as the Corporate Income Tax and Incentives Reform Act (CITIRA) Bill, reached the Senate. Many hopes were raised that the CITIRA Bill would soon be enacted into law.