The Philippine and US governments are expected to soon sign the Inter-Government Agreement (IGA) which will provide guidance on how financial accounts of US persons should be reported to the US Internal Revenue Service (IRS) to comply with the Foreign Account Tax Compliance Act (FATCA). As Philippine financial institutions (FIs) await the signing and issuance of the IGA, they also need to prepare for the impact of the Common Reporting Standards or the CRS.
Saab Magalona on why she will think twice before accepting a TV project: “I am able to do the things I love na marami kasi the schedule is more forgiving.”
THE Philippines has sufficient buffers to shield the local economy from negative capital flows in the wake of the Greek default, senior economic managers said on Friday, citing minimal trade with Greece and strong fundamentals.
A BALANCED fuel mix for the power generation sector is necessary for the Philippines to support continued economic growth with minimal environmental and health impact, according to a study by US consultancy IHS.
IMPORT DUTIES on certain goods with environmental applications will be lowered following the issue of an executive order by President Benigno S. C. Aquino III, helping the Philippines meet green growth and sustainable development commitments to its regional partners.
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In this photo taken Feb. 25, 2014 by surveillance planes and released Thursday, May 15, 2014, by the Philippine Department of Foreign Affairs, a Chinese vessel, top center, is used to expand structures and land on the Johnson Reef, called Mabini by the Philippines and Chigua by China, at the Spratly Islands at South China Sea, Philippines. The Philippines has protested China’s reclamation of land in the disputed reef in the South China Sea that can be used to build an airstrip or an offshore military base in the increasingly volatile region, the country’s top diplomat and other officials said Wednesday, May 14, 2014. The white arrow was added by the source. (MNS photo) MANILA, July 3 (Mabuhay) — The Philippines will send its top government officials to the Netherlands for the start of the oral arguments of its arbitration case against China aimed at settling the territorial dispute over parts of the South China Sea. At a press briefing on Friday, deputy presidential spokesperson Usec. Abigail Valte confirmed that Executive Secretary Paquito Ochoa, Senate President Franklin Drilon and House Speaker Feliciano Belmonte Jr. will be flying to The Hague for the start of the arbitration court proceedings next week. Senior Associate Justice Antonio Carpio, who has been lecturing on the territorial dispute between the China and the Philippines, and Associate Justice Francis Jardeleza will also be part of the delegation to represent the judiciary. Solicitor General Florin Hilbay will argue the Philippines’ case in the proceedings to determine if Read More …
Energy Secretary Carlos Jericho Petilla (2nd right) led the launching of the pilot demonstration on the use of 4% esterified waste vegetable oil as alternative transport fuel in partnership with Jollibee Foods Corporation, SeaOil and the United States Agency for International Development (USAID). Also in photo (from right) are PCIERD division chief Engr. Albert G.Marino; Rolf Anderson, chief of USAID’s Office of Environment Energy and Climate Change; Jollibee Foods Corporation VP John Victor Tence; and Seaoil Philippines president and CEO Francis Glenn Yu. Inset photo shows Sec. Petilla shaking hands with Mr. Anderson after his speech on Tuesday (March 5, 2013) at the Seda Hotel in Bonifacio Global City, Taguig City. (MNS photo) MANILA, July 3 (Mabuhay) — Energy Secretary Jericho Petilla has formally turned over his post to Undersecretary Zenaida Monsada who is now Department of Energy chief in acting capacity. Monsada’s appointment papers came out yesterday signed by Executive Secretary Paquito Ochoa. In his turnover speech, Petilla asked DOE employees to continue supporting Monsada in carrying out DOE’s programs. He said he recommended Monsada as OIC and not any more appoint someone permanent since the new secretary will only serve in less than a year before the new administration takes over. Monsada, a career official who has been with the DOE for 30 years, said she never thought the day would come when she will become DOE secretary even in an acting capacity. (MNS)
Corazon P. Guidote Sometime in 2005, I began observing a subset of society: the youth. It stemmed from independent studies I read that began labeling a generation born in the Eighties as generation Y or millennials as they are more commonly referred to now. In the Philippine, some call them philennials. Born in the age of information technology, they only know a world equipped with computers that keep getting faster, smarter and smaller. At a young age, they easily find access to mobile/smart phones. Many of them don’t have a proper concept of ”dial’ a number. The thumb for them has become a more useful finger, and popularity can come in an instant through a unique Youtube post. Millennials have taken a quantum leap in the understanding of both big and micro data, in storing knowledge, mutli-tasking, borderless communications, various forms of artistic expression, and scientific breakthroughs, among many others. They are known to be confident, self-expressive, free spirited, upbeat and very open to change. They learn through traveling with cheaper transport options now available. They can be anywhere and still be able to navigate through Google maps and Waze. They have gadgets that provide greater stimulation to both the left, and especially the right side of the brain which tends to explain such diverse set of skills and talents. Even toddlers find their way into features or ‘apps’ that seemingly go beyond their years. My four-year old niece, for instance, learned to take selfies on her own at age Read More …
The camp of former First Gentleman Jose Miguel Arroyo says the Aquino administration is to blame for the health condition of his wife, former President Gloria Macapagal-Arroyo. Mrs. Arroyo, now Pampanga congresswoman, is under hospital arrest facing plunder charges in connection with the alleged misuse of P366M intellgence fund of the Philippine Charity Sweepstakes Office during when she was still president. MANILA, July 3 (Mabuhay) – The former public works secretary and police chief of former President and now Pampanga representative Gloria Macapagal-Arroyo has been indicted for graft and usurpation of official functions for allegedly issuing a mining permit beyond his mandate and favoring a mining company. In a statement on Friday, Ombudsman Conchita Carpio Morales found probable cause to charge incumbent Zambales governor Hermogenes Ebdane Jr. for violating the Anti-Graft and Corrupt Practices Act and the Revised Penal Code under the Usurpation of Official Functions. In the 32-page resolution by the Environmental Ombudsman Team special panel, Morales also approved the indictment of Romelino Gojo, member of the Provincial Mining Regulatory Board (PMRB), as well as private individuals Weng Chen, Camilo Esico and three others from Geoking Asia Mining Corporation (Geoking) for Theft of Minerals under Section 103 of R.A. 7942 (Philippine Mining Act of 1995). The indictment stemmed from the complaint filed by Consolidated Mines, Inc. (CMI), the mineral rights holder of the Coto Chromite mines. The CMI has been operating the Coto Mines for more than five decades. Ebdane as Zambales governor allegedly issued the small scale mining Read More …