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Senator Joel Villanueva filed a measure that mandates establishments to give 100 percent of its collected service charge and tips to their employees. Currently, Article 96 of the Labor Code provides that employees are entitled to only 85 percent of the service charge paid by customers in hotels, restaurants and similar establishments while 15 […]
To aid the Bureau of Customs (BOC) in its goal to be more efficient in the correct assessment and collection of customs duties and taxes thus enabling the bureau to meet its target, Senator Dick Gordon has initiated the approval for additional budget for the BOC’s procurement of additional X-ray machines. During one of […]
Department of Trade and Industry (DTI) Secretary Ramon Lopez encouraged franchisers to be innovative and creative in their businesses during the 16th Business and Franchise Expo of the Association of Filipino Franchisers Inc. (AFFI). “Through innovation and creativity, we are confident to see more local franchisers expand across the country’s borders”, said Secretary Lopez. […]
Milk and 3-in-1 coffee are excluded from the proposed excise tax on sweetened beverages under the version that the Senate panel reported out last week. Senator Sonny Angara, chairman of the ways and means committee, said the committee finds it unjustifiable to tax milk – given its nutritional value – the same way as […]
Senator Win Gatchalian urged the National Economic Development Authority (NEDA) to fast track the formulation of a detailed plan-of-action to jumpstart the local economy of Marawi City, expressing optimism in the city’s potential to become a regional economic powerhouse. “We don’t want a shotgun approach. We need a strategic approach in jumpstarting the local […]
Leaders of the business sector threw their support to Senator Dick Gordon’s proposed bill seeking the creation of an investment corridor by optimizing the use of available infrastructures. Speaking before the 26th North Luzon Area Business Conference, Gordon called on the Metro Olongapo Chamber of Commerce, the Philippine Chamber of Commerce and Industry (PCCI), […]
The Department of Education (DepEd) has yet to roll out the law mandating financial literacy and entrepreneurial training in basic education. “Two years have passed since the Youth Entrepreneurship Act was passed into law but there is still no movement in its implementation,” said Aquino, the principal sponsor and co-author of Republic Act No. […]
Senator Sonny Angara said part of the incremental revenues of the proposed tax reform measure should be allocated for the strengthening of government’s employment assistance targeted to workers who may be affected by the tax reform. “Oo nga’t mababawasan ang buwis para mas malaki ang maiuuwing sweldo ng ating mga kababayan, pero mahalaga na […]
Closed bank accounts can be looked into because these are no longer covered by the Bank Secrecy Law, according to Senator Chiz Escudero. “A closed account is no longer covered by the bank secrecy law nor by the provisions of the general banking act given the absence of funds in the custody of the […]
The Senate passed on third and final reading a bill seeking to reduce the requirements and streamline the processes in starting and operating businesses to create a more conducive business environment in the country. Senate Bill No. 1311, or the “Expanded Anti-Red Tape Act of 2017” was approved with 17 affirmative votes, zero negative […]