THE JOINT Foreign Chambers of the Philippines (JFC) yesterday urged the government to amend rules governing taxation of foreign carriers, saying a Supreme Court (SC) decision in 2012 effectively imposed higher taxes despite reforms made in the last Congress.
FOREIGN tourist arrivals in the country picked up as last year ended, but the figure still fell short of the government’s target for 2013.
THE BANGKO Sentral ng Pilipinas (BSP) has granted regulatory relief to banks affected by tropical depression Agaton (international name: Lingling), to allow them to lift penalties on clients unable to pay their dues.
BOTH houses of Congress unanimously passed bills yesterday to establish the Maritime Industry Authority (MARINA) as the single agency to enforce international standards on the country’s seafarers.
THE FINANCE department has issued rules on the provisional lifting of the suspension of importers’ accreditation following new requirements and guidelines covering these entities.
IT’S the month of romance! Whatever kind of relationship you may be in today, it is time to fuel up, celebrate, and maybe reflect on what makes your relationship work.
MANILA, Philippines – An export-grade slaughterhouse for hogs in Tanauan, Batangas that would service the tolling needs of pig raisers in neighboring provinces will be completed this year, according to Agriculture Secretary Proceso Alcala. Interviewed on the sidelines of the recently-held 5th INAGHEN International Animal Health, Genetics & Nutrition Congress held, Alcala said AAA abattoir would allow hog raisers in Batangas, Quezon, Laguna and Cavite to process meat for the export market. “This will greatly help the industry,” said Alcala. Of the total allocation of P150 million, the Agriculture chief said P120 million have so far been downloaded. “We can finance other equipment needed,” he said. The local government of Batangas would co-manage the abattoir and facilitate the communication with hog raisers. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The Tanauan abattoir can process 250 hogs per day. Slaughterhouses are classified into three classes: A, AA, AAA. AAA slaughterhouses are abattoirs with the proper facilities for export production while A and AA slaughterhouses are equipped to serve the domestic market. A-rated abattoirs have a lesser production capacity than AA-rated ones. Three other slaughterhouses are expected to be put up this year. To be built in Bamban, Tarlac is a P120 million AAA poultry slaughterhouse and trading center.
After parts I and 2 of the IRR (Implementing Rules & Regulations) of RA (Republic Act) 10591, the Comprehensive Firearms and Ammunition Regulation Act or quite simply for us the “new gun law”, our readers should have a fairly good grasp of what provisions from the old have been rendered obsolete and irrelevant, and what new provisions in the law have been enacted to make RA 10591 more comprehensive, more pre-emptive than reactionary and more responsive to the current situation in the country. And the penalties are stiffer to boot. In the past, for instance, the old law required Philippine citizens who would be out of the country for six months or more to go to the police station nearest them and deposit their licensed and registered firearms for safekeeping. With the new law, safekeeping of your firearms is a necessary part of your responsibility as a gun owner. Those with multiple guns are advised to have their own gun vaults, especially (but not limited to) those with 10 or more firearms in their possession. If a minor, for instance, in our household gains access to such loose guns at home and figures in any incident involving these firearms, the parent who owns the gun could be liable for a criminal offense. All it takes is one loose firearm for such accidents, and we have read about countless incidents like this in the newspapers, so even with just one such gun in the household, keep it safe and secure. There Read More …
POWER Sector Assets and Liabilities Management Corp. (PSALM) is set to auction off — for the third time — the 153.1-megawatt (MW) Naga power plant complex in Cebu next month.
A RESOLUTION seeking a review of government policies on Islamic banking has been filed in the Senate.