THE Securities and Exchange Commission (SEC) has proposed to exempt from registration securities offered by financial and multilateral institutions, which it deems to be sufficiently regulated by other entities. The current registration requirements are detailed in Sections 8 and 12 of the Securities Regulation Code (SRC). Securities offered by government financial institutions will also be exempt from Section 12, which ...

PHILIPPINE STAR/ MICHAEL VARCAS LEGISLATORS are gearing up for a fight after the government announced plans to expand the allowable quota of pork imports, saying that allowing more pork into the country at lower tariff rates will cost the government billions of pesos in revenue. The opposition was coalescing following a proposal to drastically increase the minimum access volume (MAV), ...

PHILSTAR THE Insurance Commission (IC) said all non-life insurance companies must adopt and implement new rates and a new rating structure for all their catastrophe risk policies starting April 2022. Insurance Commissioner Dennis B. Funa issued Circular Letter 2021-27 dated April 12 asking the non-life industry to implement the sustainable catastrophe insurance premium rates and formally establish the Philippine Catastrophe ...

REUTERS THE Finnish ambassador has conveyed interest in possible collaboration with the Philippines in climate change mitigation and digitalization projects, the Department of Finance said in a statement Wednesday. Finnish Ambassador to Manila Juha Pyykko made the remarks in a recent video meeting with Finance Secretary Carlos G. Dominguez III, according to the statement. He also listed smart city development, ...

THE intellectual property office will work with the National Telecommunications Commission (NTC) to effect faster blocking of websites carrying pirated material. The Intellectual Property Office of the Philippines (IPOPHL), in a statement Wednesday, said it will partner with NTC to develop streamlined protocols for rapid site blocking. IPOPHL has been asking Congress for power to issue take-down orders for the ...

Through the years, countries have developed a network of tax treaty agreements which provide tax residents of treaty countries income tax exemption or preferential tax treatment on foreign-sourced income. As a minimum requirement to avail of tax treaty benefits, an income earner must prove that it is a tax resident of the treaty country. This is done by presenting a ...

By Vann Marlo M. Villegas and Kyle Aristophere T. Atienza, Reporters THE PHILIPPINES on Wednesday fired off another diplomatic protest against China after authorities spotted a swarm of Chinese vessels, including six war ships within its waters in the South China Sea. Two Houbei class missile warships were spotted at Mischief Reef, one Corvette class warship at the Fiery Cross ...

THE DEPARTMENT of Health (DoH) reported 8,122 coronavirus infections on Wednesday, bringing the total to 892,880. The death toll rose by 162 to 15,447, while recoveries increased by 501 to 704,386, it said in a bulletin. There were 173,047 active cases, 96.3% of which were mild, 2.4% did not show symptoms, 0.4% were critical, 0.5% were severe and 0.31% were ...

GOVERNMENT agents have not found any signs of foul play in the deaths of several high-profile inmates at the national jail, according to the Justice department. “The National Bureau of Investigation (NBI) has not found any evidence so far that any foul play was involved,” Justice Secretary Menardo I. Guevarra said in a Viber group message on Wednesday. Among those ...

2GO lures passengers with promo fares; hopes non-essential trips will be allowed by May 1 SEA travel provider 2GO is luring passengers with promo fares amid the ongoing restrictions being implemented in Metro Manila and nearby provinces, anticipating that non-essential travel will be allowed starting May 1. In an e-mailed statement, the company said it expects the ban on non-essential ...

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!