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BIR warns against tax ‘fixers’

UNDER Republic Act No. 11976 or the Ease of Paying Taxes Act, taxes may be filed and paid anywhere, whether manually or electronically. — PHILIPPINE STAR/RUSSELL PALMA

THE BUREAU of Internal Revenue (BIR) put out a warning to the public on Tuesday against unscrupulous individuals acting as “fixers” and promising to settle an individual’s or company’s tax issues.

Commissioner Romeo B. Lumagui, Jr. issued the warning in a statement announcing the arrest of fixers earlier this month and their being charged with extortion.

“The arrest of this syndicate of fixers serves as a reminder to all taxpayers to avoid dealing with these groups and to always verify the authority of any person in dealing with your tax obligations,” said Mr. Lumagui.

He noted that the syndicate was found to have extorted P3.6 million from a taxpayer using forged documents and their “alleged connection with high-ranking BIR officials.”

“The arrested fixers used acknowledgement receipts with the forged signatures of the aforementioned officials of the BIR for processing of documents, extension of compliance with Computerized Accounting System and processing and fixation of transfer from one Revenue District Office to another,” the bureau said.

“All of these processes are regulated by the BIR itself and may be processed in its offices, there is no need for a ‘fixer’ because there is already a system in place,” it added.

In February, a BIR employee was arrested for extorting a bike shop. – Luisa Maria Jacinta C. Jocson

 

House to focus on security, economy

PHILIPPINE STAR/ MICHAEL VARCAS

THE HOUSE of Representatives will focus on bills that aim to strengthen national security and spur economic development, House Speaker Ferdinand Martin G. Romualdez said on Tuesday, ahead of the resumption of sessions in Congress next week.

“Our legislative focus… [are] on the dual imperatives of national security and robust development,” Mr. Romualdez said in a statement. “Peace is the cornerstone of prosperity, we aim to enact laws that fortify our national de-fense and enhance our international security posture.”

Passing House bills that strengthen the country’s security is critical to maintaining “sovereignty and stability” amid foreign, external threats, he said.

Strengthening peace and security is key to creating an environment capable of spurring economic growth, he added, explaining the need to prioritize security and economic bills.

“These, in turn, contribute to further stabilizing our nation by reducing poverty, creating jobs… which in turn diminishes the likelihood of social unrest,” he said.

The House is also looking to deliberate bills that could expand access to public healthcare for Filipinos. “We are committed to expanding access and… making healthcare affordable and accessible.”

Bills seeking to enhance the digital infrastructure of the country are also a priority, he said.

While the House already passed a measure seeking to open public utilities, schools, and advertising to foreigners, Mr. Romualdez said they also passed “more dynamic economic policies” that are geared towards attracting more foreign investment.

“We enacted pivotal tax reform designed… (to) simplify the tax code, encouraging investment,” he said. “These measures have laid the groundwork for a more robust economic framework, attracting foreign investments and stimulating local entrepreneurship.” — Kenneth Christiane L. Basilio

DSWD pushing automated payout system for aid programs

DSWD.GOV.PH

THE DEPARTMENT of Social Welfare and Development (DSWD) on Tuesday said it is working with the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LANDBANK) to automate its payout and liquidation system for its social assistance program for families affected by crises and disasters

“We are in the process of procuring an automated system for our Assistance to Individuals in Crisis Situations Program (AICS), because the problem we often face is liquidation,” Social Welfare Secretary Rexlon T. Gatchalian told a Senate Social Justice hearing in mixed English and Filipino.

“What Landbank will do and the DBP is after a while they are running the payouts, they will be able to give us a list of people who are recurring or those that keep coming back,” he added.

The AICS program provides medical, burial, transportation, education and financial assistance among others to individuals and families that have been hit by crises.

At the same hearing, Senator Christopher Lawrence T. Go urged the agency to ensure that the social assistance program is properly implemented.

“Our problem now is to institutionalize AICS,” he said. “Just continue the programs that will help. Don’t stop, don’t destroy it, don’t make Filipinos suffer.” — John Victor D. Ordoñez

No Filipinos hurt in twin quakes in Taiwan

FIREFIGHTERS work at the site where a building collapsed following the earthquake in Hualien, Taiwan, in this handout provided by Taiwan’s National Fire Agency on April 3, 2024. — TAIWAN NATIONAL FIRE AGENCY/HANDOUT VIA REUTERS

THE DEPARTMENT on Migrant Workers (DMW) said on Tuesday that no Filipino casualties were reported following the back-to-back magnitude 6 earthquakes that rocked Taiwan earlier in the day.

In a virtual briefing, DMW Officer-in-Charge Hans Leo J. Cacdac said that DMW officers have conducted relief operations with the Manila Economic and Cultural Office in Taiwan for the 16 Filipinos previously injured during the 7.4 magnitude earthquake on April 3.

A total of 13 people died in the April 3 earthquake, while a thousand people were hurt.

The United States Geological Survey said Tuesday’s earthquakes measured magnitude 6.1, with its epicenter located south of the city of Hualien. Several other quakes registering as low as a magnitude 4.5 to a magnitude 6 near Hualien, were also recorded later in the day.

Meanwhile, the DMW reported the continuous distribution of relief goods to about a thousand more overseas Filipino workers (OFWs) caught in the flooding in Dubai.

Last week, the DMW reported that three workers from the Philippines died in heavy flooding in the United Arab Emirates, with two women suffocating in a car and a man who died when his car fell into a sinkhole. — John Victor D. Ordoñez

BoI asserts authority to require incentive seekers to buy local

The Board of Investments (BoI) said it has the power to impose “buy local” rules on incentive seekers under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.

In a newspaper notice, the BoI said its powers derive from amendments approved by its board to the general policies of the 2022 Strategic Investment Priority Plan (SIPP) governing the use of Philippine products by project pro-ponents applying for incentives under CREATE.

Citing Section 301 of the CREATE Act, the BoI said the amendments empower the agency to impose such conditions, in order to develop domestic supply chains servicing incentive-seekers’ projects.

“(These include) purchase of critical parts and components that are domestically available in sufficient quantity, comparable quality, or at reasonable prices,” according to the memorandum circular (MC No. 2024-001) issued alongside the newspaper notice.

Section 301 of the CREATE Act authorizes the government to modify the mix, period, or manner of availment of incentives.

The MC outlining the buy-local rules takes effect immediately. The MC was signed on April 16.

Section 300 of the CREATE Act requires projects or activities seeking incentives to comply with requirements or conditions set by the BoI and the Fiscal Incentives Review Board.

The 2022 SIPP was approved by former President Rodrigo R. Duterte. The plan identifies priority industries for which the government hopes to attract investment via the offer of offering tax incentives. — Justine Irish D. Tabile

Strategic island posts at the tip of northern Philippines fortified

BAGUIO CITY — A site survey and installation of Harris Radios were conducted at the Naval Detachment in Mavulis, Fuga, and Calayan Islands on Monday in order to ensure the operational readiness at these strategic military posts located in the country’s northernmost areas.

Lieutenant General Fernyl G. Buca, Northern Luzon Command (Nolcom) chief, spearheaded the meticulous assessment of facilities, including the helicopter pad at Mavulis Naval Detachment, “to ensure their operational efficacy.”

The 2nd Communications, Electronics, and Information Systems Group (2CEISG), Communications, Electronics, and Information Systems Service of the Armed Forces of the Philippines (CEISSAFP) also installed Harris radios at Fuga and Calayan Islands.

These communication devices are designed to provide reliable and secure voice and data communication capabilities, even in challenging environments, Mr. Buca said

“The installation of Harris Radios will significantly enhance communication capabilities across Batanes, thereby strengthening maritime security and external defense efforts in the region,” he said.

Mr. Buca said these initiatives signify “our proactive approach to enhancing communication infrastructure and ensuring the readiness of our strategic outposts is crucial to safeguarding our national interests and promoting regional stability, particularly in maritime security and external defense.”

Nolcom had been continuing to bolster its efforts in its mission to uphold peace, security, and Philippine sovereignty. — Artemio A. Dumlao

NZ delegation cites interest in fintech tie-ups

FREEPIK

NEW ZEALAND (NZ) companies accompanying visiting Prime Minister Christopher Luxon have indicated interest in participating in Philippine technology projects in the financial, environmental, and health industries, Mr. Luxon said.

In a statement, Mr. Luxon, who was in Manila last week, said: “Over the past decade, the New Zealand tech sector has more than doubled, making it the country’s second-largest export earner after dairy. Fintech stands out as the fastest-growing and highest-grossing subsector,” he added.

New Zealand companies are also looking to partner in renewable energy projects and develop Philippine hydrogen and geothermal capabilities.

He said other points of interest were green finance and investment, sustainable infrastructure, agriculture and agri-tech, and eco-tourism.

In a briefing, Trade Secretary Alfredo E. Pascual said after meetings with Mr. Luxon that the Department of Trade and Industry (DTI) pitched his delegation on Philippine market conditions.

“New Zealand producers are now thinking of investing here, but nothing specific yet,” Mr. Pascual said. “We highlighted to them the selling points of the Philippines: the large population, growing middle class, young workforce, and rich natural resources.”

“We just highlighted to them the areas where we want them to consider investing, which are tourism, food and agribusiness, semiconductors, and critical minerals,” he added.

Mr. Pascual said that New Zealand’s strengths include agribusiness and resort development.

“They are strong in agribusiness… they also have resort developers who can develop here. Right now, there is also no direct (air) link between the Philippines and New Zealand… that is also something that they may look at,” he added.

The Philippines was New Zealand’s 23rd-largest trading partner, with two-way trade totaling New Zealand $1.4 billion for 2023. — Justine Irish D. Tabile

Farmers groups want updated database for fuel subsidy beneficiaries

PHILIPPINE STAR/KRIZ JOHN ROSALES

THE GOVERNMENT should strive to modernize its registry database of agricultural workers for an updated and more efficient prioritization of fuel subsidy beneficiaries, a farmers groups said on Monday.

“Fuel subsidies should be provided to farmers,” Jayson H. Cainglet, executive director of the Samahang Industriya ng Agrikultura, told BusinessWorld in a phone call. “The problem is the mechanism itself, the registry system.”

At P3,000 per farmer, the government’s allocation of P510 million for fuel subsidies this year will only cover a total of 170,000 farmers, pushing farmers’ groups to call for the Department of Agriculture (DA) to improve its regis-try system to identify those most direly in need of the assistance.

Recognizing fuel subsidies cannot be provided to all, Raul Q. Montemayor, national manager of the Federation of Free Farmers, said the government should formulate a guideline to properly identify farmers who should receive the aid.

“There has to be some prioritization and eligibility criteria since the government cannot possibly give to all farmers,” he told BusinessWorld in a Viber message.

Small-scale farmers owning less than three hectares of farmland should be prioritized as they are most vulnerable to price shocks in oil products, Mr. Cainglet said. “Those producing five and six hectares above can better fare increases in fuel prices,” he said.

The Registry System for the Basic Sectors in Agriculture (RSBSA) could be used as a system to determine farmers needing fuel subsidies, he added.

However, farmers find registering to the system difficult. “There are too many membership requirements, the system is rigid,” said Mr. Cainglet.

This results in the registry database being incomplete as some farmers opt not to enlist, Mr. Montemayor said. “(It is) incomplete. Some are not real farmers, some farmers are not yet listed, and data such as land area, and crops planted are not yet complete,” he said. — Kenneth Christiane L. Basilio

PISTON urges SC to decide on its petition against PUVMP soon

TRANSPORT group Pinagkaisang Samahan ng mga Tsuper at Operator Nationwide (PISTON) — PHILIPPINE STAR/JESSE BUSTOS

A MAJOR transport group for jeepney drivers and operators is asking the Supreme Court (SC) to decide on its petition against the Public Utility Vehicle Modernization Program (PUVMP) soon as the grace period for jeepneys to continue plying their routes ends on April 30.

Neri J. Colmenares, legal counsel of the Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (PISTON) which filed its petition last December, said the transport sector is pinning hopes on the High Court to issue a tem-porary restraining order (TRO) against the PUVMP.

“Let’s not wait for more small operators to be buried in debt because they were forced to join the consolidation and other unfair schemes of the PUVMP,” said PISTON deputy secretary-general Ruben G. Baylon in a statement.

President Ferdinand R. Marcos, Jr. said earlier this month that the government will be firm in its decision not to extend the franchise consolidation beyond the April 30 grace period.

In urging the SC to render its verdict ahead of the deadline, Mr. Baylon said: “Every day approaching the deadline adds to the worries of poor drivers and operators. We hope the Court understands this, and we appeal to the DoTr (Department of Transportation) and LTFRB (Land Transportation Franchising and Regulatory Board) not to impose further threats to our livelihoods.” — Chloe Mari A. Hufana

Lady Bulldogs eye twice-to-beat edge against FEU Lady Tamaraws

UAAP MEDIA TEAM/ NICOLE HERNANDEZ

Games Wednesday
(Smart-Araneta Coliseum)
10 a.m. — ADMU vs AdU (men)
12 noon — NU vs FEU (men)
2 p.m. — ADMU vs AdU (women)
4 p.m. — NU vs FEU (women)

NATIONAL UNIVERSITY (NU) spikes for one of the Final Four bonuses when it locks horns with Far Eastern University (FEU) in the battle between red-hot squads entering the homestretch of the UAAP women’s volleyball tournament Wednesday at the Smart-Araneta Coliseum.

Game time is at 4 p.m. with the Lady Bulldogs eyeing a grand finale to their unbeaten second-round run so far to seal their place in the Top Two for a coveted win-once incentive come the semifinals. Ateneo de Manila University (4-9) and Adamson University (3-10) go for graceful exits at 2 p.m.

NU closed in on that bid with a 25-16, 25-14, 25-18 drubbing of also-ran Adamson for its sixth straight win last weekend to climb to 11-2 for a three-way tie at No. 1 with reigning champion De La Salle University (DLSU) and University of Santo Tomas (UST) But with DLSU and UST still clashing in the final match that would give either squad its third loss, the former champion NU has full control of its destiny. It’s the Lady Bulldogs’ reward to lose to shore up their redemption tour.

FEU, a lock at No. 4 despite its own five-game winning streak at 9-4, will not hand that incentive on a silver platter to NU as part of its early warm-up for the semis.

In the men’s play, three-time reigning champion NU (10-3) shoots for at least a playoff for the last twice-to-beat advantage against top-ranked FEU (12-1) at 12 noon after the duel between eliminated squads Ateneo (6-7) and Adamson (4-9) at 10 a.m. — John Bryan Ulanday

Meddling teams gun for the pivotal fifth win in PHL Cup

PBA.PH

Games Wednesday
(Ninoy Aquino Stadium)
4:30 p.m. — NorthPort vs Terrafirma
7:30 p.m. — TNT vs Phoenix

THE TIME to make headway in the tight race for the PBA Philippine Cup playoffs is now, especially for those in the fringes of the Magic 8.

Sixth-running TNT (4-4), No. 7 Terrafirma (4-5) and No. 8 NorthPort (4-5) shoot for a pivotal fifth win while No. 10 Phoenix (3-5) looks to keep its quarterfinals drive alive as they feature in today’s double-header at the Ninoy Aquino Stadium.

The Tropang Giga, who were stalled by Barangay Ginebra Friday, 83-87, and the Fuel Masters, riding on a 112-77 blowout over NLEX Saturday, seek to advance their respective agenda as they tussle at 7:30 p.m.

The Batang Pier and the Dyip, meanwhile, tangle at 4:30 p.m., both determined to arrest their current skids inch closer to the next round.

“It’s harder now, too hard,” TNT Tropang Giga coach Chot Reyes said recently about chasing a quarters berth under the current landscape.

“All of the teams have really upgraded… We cannot win games on talent or just showing up. We really have to outwork and outhustle every team that we play.”

NorthPort and Terrafirma even enjoyed seats in the Top 4 after starting their campaigns strong. But missteps by the Batang Pier and the Dyip in their recent assignments spanning four games and two matches, respectively, have pulled them down the standings.

Still, all’s not lost for these Last-8 aspirants.

“As much as we want to talk about what happened, we got to move on,” said NorthPort (NP) star Arvin Tolentino after NP absorbed a 120-100 beating from quarters-qualified San Miguel Sunday.

“It’s been a great experience for us. Apat na sunod na panalo (at one point), then apat na sunod na talo. We went crashing back to earth. But we still have a chance and these last two games, we’re going to give our best to win and break the playoffs, especially now its too close (standings).” — Olmin Leyba

PSEi climbs to 6,500 level amid easing tensions

THE MAIN INDEX returned to the 6,500 level on Tuesday amid easing tensions in the Middle East and expectations of slower Philippine inflation this month. 

The Philippine Stock Exchange index (PSEi) rose by 0.97% or 62.72 points to end at 6,506.80 on Tuesday, while the broader all shares index improved by 0.61% or 21.19 points to close at 3,446.90. 

“This Tuesday, the local market rose by 62.72 points (0.97%) to 6,506.80 as investors took positive cues from Wall Street overnight. Investors cheered Iran’s statement that it will not further escalate its conflict with Israel as it lifted worries over higher oil prices,” Philstocks Financial, Inc. Research and Engagement Officer Mikhail Philippe Q. Plopenio said in a Viber message. 

“Philippine shares settled above the 6,500 mark as investors showed renewed interest in stocks following a recent dip from the Israel-Iran geopolitical tensions last week,” Regina Capital Development Corp. Head of Sales Luis A. Limlingan likewise said in a Viber message. 

On Wall Street, the Dow Jones Industrial Average rose 253.58 points or 0.67% to 38,239.98; the S&P 500 gained 43.37 points or 0.87% to 5,010.60; and the Nasdaq Composite gained 169.30 points or 1.11% to 15,451.31, Reuters reported. 

Iran said on Friday that it had no plan to retaliate following an apparent Israeli drone attack within its borders, which in turn followed an Iranian missile and drone attack on Israel days before. 

“The statement from National Economic and Development Authority Undersecretary Rosemarie G. Edillon saying that an uptick in inflation for April is unlikely as the country is already in the harvest season also boosted sentiment,” Mr. Plopenio said. 

Inflation accelerated for the second straight month in March to 3.7%, as prices of food products continued to rise. In particular, rice inflation quickened to 24.4% in March, the highest since 24.6% in February 2009. 

The Philippine Statistics Authority will release April inflation data on May 7.  

All sectoral indices rose on Tuesday, led by industrials, which went up by 1.50% or 126.57 points to 8,526.01. Property climbed by 1.23% or 30.28 points to 2,488.65; services rose by 1.19% or 21.62 points to 1,831.52; mining and oil went up by 0.97% or 82.80 points to 8,559.95; financials gained 0.61% or 12.55 points to end at 2,047.78; and holding firms added 0.58% or 34.60 points to close at 5,951.62. 

“Among the index members, Century Pacific Foods Inc. was at the top, rising 5.63% to P37.50. BDO Unibank, Inc. lost the most, dropping 2.18% to P143.60,” Mr. Plopenio said. 

Value turnover went up to P5.11 billion on Tuesday with 554.76 million issues changing hands from the P3.64 billion with 564.35 million shares traded on Monday. 

Advancers beat decliners, 102 against 73, while 51 names were unchanged. 

Net foreign selling dropped to P508.35 million on Tuesday from P795.73 million on Monday. — R.M.D. Ochave with Reuters