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Despite the decline in the country’s unemployment rate as reflected in the November 2023 data, there is an urgent need to fast track the completion of the Implementing Rules and Regulations (IRR) of the Trabaho Para Sa Bayan (TPB) Act, “as instructed by no less than President Bongbong Marcos,” according…
Philippines - PEZA Clarifies Its Rules On Securing The PEZA Visa. Legal News and Analysis - Philippines - Regulatory & Compliance -
LOCAL economists believe undertaking an economic charter change would harness the country’s potential in mass media and renewable energy. In a statement, the Foundation for Economic Freedom (FEF) said liberalizing restrictive areas in the 1987 Constitution will allow the economy to develop and compete in a changing global economic landscape.…
THE next edition of the country’s Regular Foreign Investment Negative List (RFINL) is expected to become shorter to reflect recent legislative changes, according to the National Economic and Development Authority (Neda). Neda Undersecretary for Planning and Policy Rosemarie G. Edillon told BusinessMirror that the oversight agency had already made a…
Delays in Annual Subsidy Distribution for Seniors Due to Record Cleansing - The Office for Senior Citizens Affairs (Osca) faced delays in distributing the 2023 annual subsidy as a result of record cleansing issues. Wendelino Enocida, assistant head of Osca, cited difficulties in removing deceased beneficiaries from the list, leading to a delay in the payout. With a lower age requirement for subsidy recipients, the cleansing process aims to update the list of beneficiaries. As of December 27, 2023, only 29,000 out of 170,000 qualified senior citizens have received their annual subsidy. Stay tun...