Foreign nationals working in the Philippines may now anticipate a faster application process for Alien Employment Permit (AEP) through a newly launched one-stop-shop by the Department of Labor and Employment (DOLE) in Manila.
News/Advisory
The Philippine government is now encouraging local and foreign entrepreneurs to establish or develop their own startup company by offering special incentives and eliminating existing financial constraints to promote innovation in the country’s startup community.
The Bangko Sentral ng Pilipinas (BSP) announced the approval of new risk management guidelines for all financial investments in banks and quasi-banks (QBs).
President Rodrigo Duterte has officially signed into law Republic Act No. 11337, or better known as the Innovative Startup Act, a new law seeking to remove barriers and provide tax benefits to all registered startup companies in the Philippines.
The Department of Information and Communications Technology (DICT) targets to issue permits to tower building companies in three months or less to expedite the construction of new cell sites.
Tax incentives granted to enterprises registered with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) is now extended until December 2029, following the passage into law of Republic Act (RA) No. 11262, a new law that seeks to amend RA No. 9593, or the Tourism Act of 2009.
SEC drafts guidelines to prevent lending companies (LCs) and financing companies (FCs) from using “unfair” debt collection practices on their borrowers.
The Securities and Exchange Commission (SEC) is now accepting applications for the registration of a One Person Corporation (OPC), a corporation with a single stockholder, following the issuance of the pertinent guidelines.
The Department of Labor and Employment (DOLE) issued three new labor policies on Wednesday during the government’s Labor Day celebration in Pampanga. The new policies seek to ensure the protection and welfare of Filipino workers here and abroad.
The Securities and Exchange Commission (SEC) formally launched on Friday last week the Sustainability Reporting Guidelines for Publicly-Listed Companies (PLCs), requiring such companies to disclose compliance/non-compliance of the recommendations provided under the Code of Corporate Governance for PLCs operating in the Philippines.