Willie Revillame once again finds himself on the hot seat, this time for subjecting a 6-year old boy named Jan-Jan to what others said was public humiliation on his primetime TV5 show Willing Willie. A YouTube video of the kid dancing and gyrating his hips like a macho dancer has gone viral and has been [...]

The country temporarily bans chocolate milk products from Japan after the March 11 earthquake, although it was just a verbal order issued by Bureau of Animal Industry (BAI) Director Efren Nuestro. Philippines joins other countries like Russia, Canada, Australia and Singapore, among the list of countries which banned Japanese food imports as radioactive steam wafted [...]

The Department of Environment and Natural Resources (DENR) has ordered the closure of a sugar mill in Balayan, Batangas for its violations of Philippine environmental laws. A cease-and-desist order (CDO) has been issued by DENR Secretary Ramon Paje against Batangas Sugar Central Inc. for what he claimed were the company’s repeated violations of the Philippine [...]

The Bangko Sentral ng Pilipinas (BSP) said that Banco Filipino Savings and Mortage Bank was engaged in high-risk, high-yield schemes to attract depositors. But when the withdrawals started getting heavy, the bank failed to meet its obligations.
“As long as people were putting in money, then the music continued for them,” BSP Deputy Governor Nestor Espenilla [...]

Nine senators signed the arrest/detention order issued by the blue ribbon committee headed by Senator Teofista Guingona III for former military comptroller Jacinto Ligot. For humanitarian consideration, his wife Erlinda Ligot was not included in the arrest order.
Those who signed the order were Guingona, Senate President Juan Ponce Enrile, Senators Gregorio Honasan, Franklin Drilon, Serge [...]

While it is still processing the payment of deposit insurance to its depositors, the Philippine Deposit Insurance Corp. (PDIC) also started in its inventory of the assets of the closed Banco Filipino Savings and Mortgage Bank.
Officials of the closed bank, however, insists that it is not insolvent. It even went into having full-page advertisement in [...]

After eight hours of marathon debates, the House of Representatives voted 212-46 for the impeachment of Ombudsman Merceditas Gutierrez. Four abstained from voting. The House impeached Gutierrez, eight months since the first of the two impeachment complaints was filed against her in July.
Among those who voted “no” were former president and now Pampanga Representative Gloria [...]

Senator ProTempore Jinggoy Estrada filed a motion to cite the Ligot couple in contempt for refusing to answer the senator’s queries during the Senate hearing on Monday.  This was immediately seconded by Senator Teofisto Guingona III, chairman of the Senate blue ribbon committee.
For lack of quorum, however, the committee failed to vote on the motion. [...]

The Bureau of Internal Revenue (BIR) earlier issued Revenue Regulation 2-2011 requiring individuals, estates and trusts to file their Income Tax Returns (ITR) “together with the AIR (annual information returns) or BIR Form No. 1705, which shall include income subject to final withholding tax and those exclusions from gross income.”

The National Bureau of Investigation (NBI) is lobbying for a legislation that they believe would help minimize, if not totally eradicate, cybercrime. The NBI is proposing a law that would regulate laptops, SIM cards, and other devices which are used to connect to the Internet.  According to NBI Anti-fraud and Computer Crimes Division chief Palmer [...]

A new circular containing the guidelines on the additional single borrower’s limit (SBL) for exposures of banks to proponents of major infrastructure or development projects, oil companies and trust corporations. According to BSP Governor Amando M. Tetangco, Jr., the new guidelines amended the regulation on SBL under the provision of the Manual of Regulation for [...]

Looks like the worst is yet over from flag carrier Philippine Airlines (PAL) as its ground crew union filed a new notice of strike last Friday before the Department of Labor and Employment (DOLE).
Citing unfair labor practices, the Philippine Airlines Employees’ Association (PALEA) through its president Gerry Rivera, accused the PAL managers of talking with [...]

From the usual two days processing time, the amount of time spent in registering a business name has been cut to only 15 minutes because of the enhanced Electronic Business Name Registration System (eBNRS).
Trade Secretary Gregorio Domingo said, “The entire transaction will only take around 15 minutes. The actual processing takes only three minutes and [...]

The Philippine Stock Exchange (SEC) has approved and issued the listing rules for real estate investment trusts (REIT), thus giving way for a new investment instruments.  According to the SEC, the rules should spur interest from the investing public. REIT will use pooled capital of investors to buy and manage income-generating property and mortgage loans.

The senior citizens in the country will enjoy additional discounts starting on July 6, 2010. That is because the Department of Social Works and Development (DSWD) has signed the implementing rules on the law granting senior citizens exemption from the value-added tax (VAT).
The guideline signed by the DSWD is the implementing rules and regulations of [...]

The country’s tax agency was able to exceed its collection goal of P86.2 billion for April and was able to collect P87.1 billion for the month. Bureau of Internal Revenue (BIR) commissioner Joel Tan-Torres that the collection for April even exceeded the P87 billion collections for the same period last year.
The collection performance was attributed [...]

To offset the coming price increase of galvanized iron (GI) sheets and other finished products, the steel coil imports may be allowed to enter the Philippines duty-free soon. Trade secretary Jesli A. Lapus said that the Tariff and Related Matters (TRM) committee has approved the 0% tariff for rolled coils last April 28 in order [...]

Singer/entrepreneur Claire Della Fuente has been ordered arrested by the Court of Tax Appeals (CTA) for her bus company’s failure to pay some P417.8 million in taxes from 1997 to 2004. CTA was acting on case filed by the Bureau of Internal Revenue (BIR), which hailed the issuance of the arrest warrant as a good [...]

The Senate Bill 3404 or the Philippine Immigration Act of 2010 has provision that raised concern to some business sectors. Section 30 of the said act grants Immigration Officers the power to assign personnel to do overtime work at rates fixed by him when the services rendered is to be paid for by the shipping [...]

Minority Leader Aquilino Q. Pimentel, Jr. filed Senate Bill 3966 which is aimed in amending the Insurance Code in the Philippines. Pimentel believe that insurance firms should be compulsorily required to indemnify owner of motor vehicles that have been damaged or destroyed by floods, landslides, earthquakes, and other natural disasters.