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Published June 5, 2021, 4:38 PM Senator Sherwin Gatchalian on Saturday, June 5, called on the Senate to exercise its oversight function and look into the Bureau of Internal Revenue’s (BIR) regulation seeking to increase the tax rate of private schools. Senator Sherwin Gatchalian during a special session in the Senate on March 23, 2020. (Henzberg Austria/Senate PRIB) The chairman of the Senate basic education committee made the appeal as he joined his colleagues in slamming the BIR’s issuance of its Revenue Regulation (RR) 5-2021, which would raise the tax of proprietary educational instit...

Various private education stakeholders have appealed to President Duterte to intervene as they seek to reverse the provisions in the revenue regulation of the Bureau of Internal Revenue (BIR) which seeks to increase the tax rate of private schools. (PIXABAY / MANILA BULLETIN) A petition signed b

BusinessWorld May 25, 2021 | 12:04 am LIMA central business district is LIMA Estate’s 30-hectare commercial area in Batangas. — COMPANY HANDOUT TOP DEVELOPERS have been moving out of Metro Manila and flocking to the Cavite-Laguna-Batangas corridor due to its readiness for industrial activity, according to real estate advisory firm PRIME Philippines. Cavite, Laguna and Batangas have attracted projects, ranging from office spaces to industrial lots and warehouses, with commercial land as something to look out for in the future, said PRIME’s head of research Francis Mina,...

House of Representatives (MANILA BULLETIN File photo/Alvin Kasiban) These are the effective implementation of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE); a fiscally sustainable framework for military pensions; and a bevy of tax administration and enforcement measures, Salceda, the House panel’s chairman, said. “We are trying to avoid new taxes, unless they are for sectors that won’t get hurt by taxes, like POGO (Philippine Offshore Gaming Operators) or e-sabong. Our focus now is really to secure the legacy of President Duterte’s tax reforms and to work on...

BusinessWorld May 14, 2021 | 7:03 pm First Gen Corp. saw its net income attributable to its parent grow by 29% year on year to P4.01 billion ($84 million) in the first quarter, thanks to higher recurring earnings from its natural gas and renewable energy (RE) portfolios. In a statement, the Lopez-led power generation company said it generated P3.8 billion ($78 million) in recurring net income in the first three months of 2021, a 21% increase from a year ago’s P3.3 billion ($65 million), “from the operations of its 3,495 MW clean, low-carbon, and renewable portfolio.” F...