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13 June

Philippine factory output soars 162.1% in April

Factory output recorded a 162.1% growth in April due to low-base effects even with the closure of an oil refinery that dampened domestic manufacturers’ total production volume.

13 June

Huge investments in nature will stop another pandemic

Countries need to invest billions of pesos in protecting and caring for nature to avoid another global pandemic, according to biodiversity financing strategist BIOFIN Philippines, adding that these investments can also help generate revenues.

13 June

DoF sides with BIR on private school tax hike

The Department of Finance is not changing its decision allowing the Bureau of Internal Revenue (BIR) to impose higher income tax on private schools, adding that the BIR regulation can only be changed by the Supreme Court or by amending the Tax Code.

13 June

Senators shocked by 150% jump in private school tax

Senators are strongly appealing to the Bureau of Internal Revenue (BIR) to reconsider increasing the income tax of private schools from 10% to 25% – a whooping 150% increase.

13 June

FDA allows Pfizer vaccine for 12-15 years old

The Food and Drug Administration (FDA) has allowed the use of the Pfizer-BioNTech COVID-19 vaccine for youngsters aged 12 to 15 years, according to the Department of Health.

13 June

Private sector no longer required to donate vaccines to government

Government will no longer require private companies to donate portion of their purchased AstraZeneca COVID-19 vaccine to the government vaccination program, according to presidential adviser for entrepreneurship Joey Concepcion.

13 June

Amending Baseline Law can negate China’s 9-Dash-Line claim

The Philippines may be able to enforce the 2016 arbitral ruling on the West Philippine Sea (WPS) by passing a law that will amend the Baseline Law, according to former Supreme Court associate justice Francis Jardeleza.

6 June

Divers discover coral garden in Manila Bay

Just when people thought that portions of Manila Bay are dead and incapable of sheltering marine life, a group of divers accidentally discovered a coral garden in Ternate, Cavite last May 17. The dive was originally intended to install four marker buoys for the boundaries of the Core Zone of Ternate Marine Park (Tmp) and two artificial reefs. It was …

6 June

Tax POGO bill deemed urgent

President Rodrigo Duterte has certified as urgent a proposed measure seeking to improve the government’s tax collection on Philippine Offshore Gaming Operators (POGO).

6 June

Retail transactions seen 50% online by 2022

At least half of the total retail transactions will be online as early as next year or one year ahead of the 2023 target of the Bangko Sentral ng Pilipinas (BSP) as the regulator continues to ramp up efforts to transform the Philippines to a cash-lite from a cash-heavy economy.

TimeLine Layout

June, 2021