Now that a temporary freeze has been imposed on the implementation of a BIR regulation erroneously increasing taxes on private schools instead of reducing them, Senator Joel Villanueva reiterated the importance of making the provisional stay permanent by amending the law. At the same time, Villanueva lauded the Department of Finance for putting a stop, albeit temporary, to a misreading of the intent of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act) when the BIR increased taxes for academic institutions a revenue regulation issuance. “Ito po ang kailangan natin na ‘academic revenue freeze.’ Dagdag na tulong, hindi…
Author: BusinessNews.ph
METRO MANILA – Looking for the official 6/42 Lotto Result? Here is the official 6/42 Lotto Result Today, Thursday, July 29, 2021, based on the official draw of the Philippine Charity Sweepstakes Office (PCSO). Please refresh this page after the 9PM draw to view tonight’s winning combination. 6/42 Lotto is one of the most popular 6-digit game in the Philippines. It is the country’s first national lottery game where players get the chance to win at least P5,940,000 (initial jackpot prize). The jackpot prize keeps on growing based on nationwide sales until there is a jackpot winner. [table id=279 /]…
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder is still optimistic for the rest of the year following the recent developments amid the pandemic, the National News has reported. “While COVID-19 continues to impact our performance, both on our leasing and residential businesses, we still anticipate a better year with indicators such as strong overseas Filipinos (OF) remittances and the ramping up of the vaccination roll out across the country,” said Manuel B. Villar, Jr., Vista Land Chairman. “I founded Camella Homes more than 40 years ago to help out fellow…
CEBU CITY – Tops Lookout, one of the top destinations in Cebu, is now open to tourists. However, only those 15 years old and above will be allowed in due to the strict health protocols of the Cebu City government. TOPS offers a 180-degree view of Metro Cebu, which includes the cities of Cebu, Mandaue, and Talisay as well as the island of Mactan where Lapu-Lapu City and the town of Cordova are situated. On the left side, one can also view a portion of Consolacion town. https://youtu.be/tlukJ6w-BHQ The area is top choice for lovers who want to get away…
The Republic of the Philippines and the Socialist Republic of Viet Nam marked their 45th anniversary of diplomatic ties on 12 July 2021. For the past 45 years, the two countries have shown notable developments of bilateral diplomatic relations through cooperation in various fields, including defense and security. Secretary Delfin N. Lorenzana and Minister of National Defense General Phan Van Giang have exchanged congratulatory letters to commemorate the anniversary. The Joint Statement on the Establishment of a Strategic Partnership, which was signed by former President Benigno Aquino III and Viet Nam’s Prime Minister Nguyen Tan Dun in November 2015, serves…
Philippine lifestyle and fashion brands and manufacturers are set to widen their market reach as they participate in the NY NOW, a US-based lead generation, visibility, and connection platform, from July to December 2021. Byhand Consulting, an international marketing consulting firm specializing in solving the issues of artisanal enterprises in over 60 countries, sees the capability of Philippine products to capture global attention at the NY NOW Digital Market. The companies get a global boost through the six-month-long participation. The eclectic mix of emerging and established brands gathered together to reintroduce and intensify the country’s capacity as a world-class destination…
Cotabato will now have its own state university. This is after the Commission on Higher Education (CHED) Chairman Popoy De Vera led the conferment of the university status of Cotabato City State Polytechnic College (CCSPC) on Thursday, July 22, 2021, after it had complied with the CHED standards as required by the law. Republic Act No. 10585 was passed in the House of Representatives and the Senate on February 6, 2013 mandating the conversion of the CCSPC into a state university to be known as the Cotabato State University (CotSU). Former 1st District of Maguindanao Rep. Bai Sandra Ampatuan-Sema is…
The Philippine Statistics Authority (PSA) reaches another milestone as it records over 4 million registrants for its online Step 1 Registration. The PSA reports that as of 15 July 2021, a total of 4,159,269 registrants have already completed the PhilSys Step 1 Registration via https://register.philsys.gov.ph. PSA Undersecretary Dennis S. Mapa, Ph.D., National Statistician and Civil Registrar General, extends his gratitude to Filipinos who continue to show support and interest in this project, “The PSA expresses gratitude to all Filipinos who willingly took part to reach this milestone. With this additional achievement of the PhilSys project, we are more determined to…
Century Pacific Food, Inc. (PSE: CNPF), one of the largest branded food companies in the Philippines, ranked top 3 among Asia ex-China consumer staples companies in the Institutional Investor’s (II) 2021 All-Asia Executive Team buy-side survey in Best CEO and Best ESG categories. II Research is a global leader in corporate and investment research, a top source of independent performance validation and qualitative market intelligence for corporates and investment professionals globally. II Research’s All-Asia Executive Team surveys are one of the most prestigious and highly anticipated rankings referred to by financial institutions. 2021 marked its first year of reporting Mainland…
Investment approvals in investment promotion agencies (IPAs) under the Department of Trade and Industry (DTI) have increased from 2016, indicating the improving investment environment in the country in the past five years. Data from DTI showed that combined approved investments of the Board of Investments (BOI) and the Philippine Economic Zone Authority (PEZA) reached PHP5.2 trillion from 2016 until June 2021. The BOI had the lion’s share in these approvals amounting to PHP4.33 trillion, while PEZA-approved investment registrations reached PHP841 billion since 2016. When the Duterte administration began in 2016, investment approvals of BOI and PEZA amounted to PHP660 billion.…