Editor’s Pick

THE PHILIPPINES on Monday said the use of force is prohibited under international law, as China passed a law allowing its coast guard to fire at foreign vessels in the South China Sea. “The use of force is generally prohibited,” presidential spokesman Harry L. Roque told an online news briefing. …

Earlier this month, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 4-2021, which lays down the guidelines for the filing of tax returns and attachments, as well as the payment of the taxes due. The RMC did not, essentially, introduce any changes to the prescribed manner …

DAMS and some lakes can be tapped for aquaculture, with the industry possibly attracting investors if the new growing areas are opened up, according to advocacy group Tugon Kabuhayan. In a virtual briefing Monday, Tugon Kabuhayan convenor Asis G. Perez said aquaculture can be established in Lake Mainit and Lake …

THE House Committee on Ways and Means approved measures that will make tax filing easier, to encourage taxpayers to pay their dues. In a virtual committee hearing Monday, the panel approved House Bill (HB) 7881 and House Bill 7415. HB 7881, or the proposed “Ease of Paying Taxes Act” seeks …

THE Bases Conversion and Development Authority (BCDA) has issued an invitation to bid for the design and construction of the first phase of the National Academy of Sports in New Clark City. The approved budget for the contract is P568.4 million, including taxes and fees, the BCDA said in its …

THE Philippine Competition Commission (PCC) has raised fines for violations of competition rules like cartel behavior in pricing and unauthorized mergers by 10%. Firms found to be participating in cartels, abuse of market dominance, and unauthorized mergers can now be fined up to P110 million, while those that refuse to …

THE Bureau of Internal Revenue (BIR) said it collected P1.67 trillion worth of taxes through electronic payment channels last year, or 86% of the P1.94 trillion total, after the pandemic shut down many face-to-face online payment channels. Around 21.5 million or 94% of the 22.86 million tax returns filed last …

PHILSTAR/MICHAEL VARCAS AGRICULTURE Secretary William D. Dar said price manipulation by traders and wholesalers is behind the high retail prices of commodities such as pork and chicken. In a virtual briefing Monday, Mr. Dar said the Department of Agriculture (DA) has asked the Philippine Competition Commission to investigate traders and …

Global contract research organization certifies the inhibitory effect of Panasonic Air Conditioners with nanoe X Technology on the Novel Coronavirus: 91.4% in 8 hours in a 6.7m3space Panasonic Manufacturing Philippines Corporation (PMPC) announced today a new breakthrough confirming that the inhibitory effect on the novel coronavirus (SARS-CoV-2) by the Panasonic …

KAWHI Leonard had 34 points, nine rebounds and eight assists, and the Los Angeles (LA) Clippers earned their seventh victory in a row with a 108-100 win over the visiting Oklahoma City Thunder on Sunday. Serge Ibaka contributed 17 points and six rebounds for the Clippers, who defeated the Thunder …