Duterte vetoes 5 items in 1st tax reform package

MANILA, Philippines —  Five items in the first package of tax reform were vetoed by President Rodrigo R. Duterte after noting that if implemented these provisions will be detrimental to the government and would violate existing laws. Finance Secretary Carlos Dominguez III, in a briefing Friday, said Malacanang will release the copy of the Veto …

PAL cancels flights due to ‘Vinta’

MANILA , Philippines — Philippine Airlines (PAL) has suspended several flights as tropical storm “Vinta” lashes the Mindanao region. In its advisory Thursday afternoon, PAL said that the following flights scheduled on Friday, December 22 are cancelled: PR 2397-2398 Cebu – Surigao – Cebu PR 2929-2930 Cebu – Camiguin – Cebu PR 2893-2894 Cebu – Ozamiz …

MinDA welcomes ADB’s P19-B road infra program

DAVAO CITY, Philippines — Mindanao Development Secretary Datu Abul Khayr Alonto lauds the Asian Development Bank’s infrastructure assistance to spur connectivity projects in Mindanao, citing that it would significantly contribute in developing the economic corridors in the island. The ADB has approved 19 billion pesos worth of Mindanao-specific loan dedicated to improving national roads and …

Duterte signs P3.767-trillion 2018 national budget

MANILA, Philippines — President Rodrigo Duterte  on Tuesday, December 19, signed into law the General Appropriations Act (GAA) contaning the P3.767-trillion 2018 budget. In his speech during the ceremonial signing, Duterte described the bill as the “Biggest Christmas gifts for the Filipino people” as it contained the budgets for the administration’s infrastructure program, free tertiary …

BIR files cases against 4 delinquent firms over P52-M tax

MANILA, Philippines — The Bureau of Internal Revenue (BIR) filed separate tax evasion complaints before the Department of Justice (DOJ) against four delinquent companies for alleged failure to pay taxes amounting to PHP52 million. In a statement, the BIR said the four firms — Abatech Corporation, Amberbase Solutions Philippines, Corporation, Ira General and Security Services, …

PAL’s 9th Boeing 777 delivered, 10th one coming in few days

MANILA, Philippines — In a bid to become a certified four-star airline by 2018, flag carrier Philippine Airlines (PAL) has been building up its fleet and adding new routes, especially for its Clark hub. In a statement on Friday, PAL said it just had its ninth Boeing 777-300ER delivered, to be used mainly for routes from …

P521-M worth of fake shoes, apparel seized in Pasay City

MANILA, Philippines — Hundreds of boxes of fake apparel and shoes estimated to be worth PHP521.93 million were seized on Thursday by agents of the Bureau of Customs (BOC) in Pasay City. The operation conducted by the Customs Intelligence and Investigation Service and Enforcement (CIIS) and Security Service (ESS) uncovered the counterfeit goods such as Lee, …

PH pushes for inclusive globalization in WTO meet

MANILA, Philippines — The Philippines will be pushing for three key agenda for inclusive globalization during the 11th World Trade Organization (WTO) Ministerial Conference from December 11 to 13 in Buenos Aires, Argentina.’ Department of Trade and Industry (DTI) Secretary Ramon Lopez cited the country’s priorities in the WTO meeting which include eliminating trade-distorting domestic support …

More LGUs now into PPP

 MANILA, Philippines —  More local government units (LGUs) are now engaging in public-private partnerships (PPPs) to improve their competitiveness and promote ease of doing business in their localities. The Department of the Interior and Local Government (DILG) noted and recognizedselect LGUs for what it considers exemplified efforts in implementing PPP projects, even prior to the launch …