IPOPHL launches online mediation

May 24, 2020
The resolution of disputes through the Intellectual Property Office of the Philippines’  mediation service would resume as it now allows mediation proceedings to be held online, a move that not only contributes to shaping the “new normal” at the office but also furthers its digital transformation journey. 

Century Properties helps put up PA testing facility

May 24, 2020
The facility is the designated northern sector swabbing center of the government’s ‘Test, Trace, and Treat’ strategy that is being spearheaded by the National Action Plan Against Covid-19 Deputy Chief Implementer and Bases Conversion and Development Authority president and chief executive officer Vivencio Dizon, together with the Department of Health. 

CSR bill gets final House approval

May 24, 2020
CSR-related activities would include charitable programs and projects, scientific research, youth and sports development, cultural or educational promotion, services to veterans and senior citizens, social welfare, environmental sustainability, health development, disaster relief and assistance, socialized and low-cost housing, and employee and worker welfare.

SEC reiterates mandatory loan grace period

May 24, 2020
The Securities and Exchange Commission has reiterated its directive for all financing and lending companies to provide borrowers more time to settle loans falling due within the enhanced community quarantine and modified enhanced community quarantine period.

Include stimulus in calibrated CTRP, Senate urged

May 22, 2020
Finance Sec. Carlos Dominguez III has called on the Senate to include the economic team's proposal on immediately cutting the corporate income tax  rate from 30 percent to 25 percent starting July this year, along with other investor-friendly measures, when it opens plenary debates on Package 2 of the Duterte administration's comprehensive tax reform program. 

Gov’t eyes zero-interest MSME loans

May 21, 2020
“If we’re able to get zero-cost funding, that’s the fund that we can lend at zero percent also. And then out of that funding, we will just ask for administration fee. So that’s we can pass on, the zero-interest rate. That’s the beauty of the economic stimulus package,” Trade and Indu Sec. Ramon Lopez said.

VAT, excise tax takes lost due to ECQ

May 21, 2020
Finance Sec. Carlos Dominguez III has assured senators that government revenues from income tax remains safe despite the postponement of collections due to the enhanced community quarantine amid the coronavirus disease 2019 pandemic.

SMC readies workplace; starts PCR testing

May 21, 2020
SMC would also strictly implement workplace safety measures – from physical distancing, wearing of protective equipment, frequent hand washing to temperature checks, among others – to prevent the spread of the virus and ensure the safety of its employees.