Page 60 - Implementing Rules News Today

PASAY CITY, April 8 -- The Philippine Economic Zone Authority has welcomed the signing of a new law Republic Act. No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, by President Rodrigo Duterte last March 26, 2021.  The CREATE Law aims to gradually lower the corporate income tax from 30% to 25% and streamline the government’s fiscal incentives for investments both covering foreign and domestic enterprises.   PEZA Director General Charito “Ching” Plaza...

Commission on Human Rights (Facebook / MANILA BULLETIN) CHR Region V Director Arlene Q. Alangco and Officer-in-Charge of Naga Provincial Office Donna F. Madrona said more funds are needed to help enhance the functionality of VAW desks. Alangco and Madrona, who are both lawyers, said the funds would be used for salaries or honorarium for those manning the VAW desks and for the provision of separate rooms for their offices. They said the VAW personnel should also be given training and learning ma...

March 17, 2021 | 8:18 pm Font Size PHILSTAR EMPLOYERS Confederation of the Philippines President Sergio R. Ortiz-Luis, Jr. said he supports a proposal to make pensions transferable as workers change jobs. Speaking before the Committee on Banks and Financial Intermediaries Wednesday, Mr. Ortiz-Luis said House Bill 8938, which creates Employee Pension and Retirement Income (EPRI) accounts that stay with the worker regardless of job-switching, will “rationalize pensions, and this is a g...

QUEZON CITY, Mar. 17 -- Sharing the commitment to support innovative startups as a way to boost national socioeconomic development, especially at this time when the government moves towards the new normal, the Department of Science and Technology (DOST) has joined hands with the Department of Information and Communications Technology (DICT) and the Department of Trade and Industry (DTI) to work together and help Filipino innovative startups get their bearings. This multi-agency collaboration is...

Philippines: National Privacy Commission announces new online registration platform and extends validity... Philippines: National Privacy Commission announces new online registration platform and extends validity of DPO registrations to 30 June 2021 On 1 March 2021, the Philippine National Privacy Commission announced its new online registration and renewal platform called “eRehistro,” which can be used by Personal Information Controllers and Personal Information Processors to register, am...

March 10, 2021 | 7:28 pm Font Size BW FILE PHOTO A SHARE SWAP that will facilitate the backdoor listing of third telco DITO Telecommunity Corp. has been approved by the competition regulator, with the market proceeding to revalue the shares of one of the swap parties with a 25% drop. The revaluation came after the financial advisor engaged to provide a fairness opinion on the swap concluded that the transaction’s terms fell outside its own valuation range, to the advantage of DITO CM...

TAGUIG CITY, Mar. 7 -- The Department of Energy (DOE) has already drafted the Implementing Guidelines (IG) of the Philippine Energy Labeling Program (PELP) as part of the implementation of Republic Act 11285 or the Energy Efficiency and Conservation Act, including its Implementing Rules and Regulations (IRR). The guidelines were initially presented during the virtual public consultation last 2 October 2020 for inputs and comments from various stakeholders. With the recommendations received from...

UPKLYAK/FREEPIK Since the promulgation of the Implementing Rules and Regulations for the Data Privacy Act (DPA) on Aug. 24, 2016, the National Privacy Commission (NPC) has always emphasized that one of the guiding principles of the DPA is the empowerment of individuals to have reasonable control over the flow of their personal data. To address frequently recurring questions regarding the rights of data subjects under the DPA, the NPC issued Advisory No. 2021-01 on Jan. 29 this year. The Advisor...

PASAY CITY, Feb. 19 -- The Department of Finance (DOF), through its Revenue Operations Group (ROG), has assisted the national government in implementing several regulations related to the Bayanihan To Heal As One Act (Republic Act (RA) No. 11469 or the Bayanihan 1) and Bayanihan To Recover As One Act (RA 11494 or the Bayanihan 2) to provide relief to sectors hardest hit by the economic shock triggered by the COVID-19 pandemic.  In a report to Finance Secretary Carlos Dominguez III, Ti...

Philippine banks on Thursday cheered the passage of the law which would allow financial institutions to offload soured loans to asset management companies, which they said would lead to higher lending activities amid the COVID-19 pandemic.