Kittelson & Carpo Consulting – News and Advisories
We provide monthly updates on the latest news that affect doing business in the Philippines as well as the newest advisories from government agencies that regulate the operations and compliance of local and foreign companies in the country.
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 Securities and Exchange Commission (SEC) issued the proposed rules on Digital Asset Exchange (DAE) on Tuesday, July 16, inviting brokers, dealers, investment houses, investment public, and other interested parties to submit their views, comments, and inputs on the contents of the draft.
Pag-IBIG Fund, otherwise known as the Home Development Mutual Fund (HDMF), extended socialized housing loans to 11,894 members from the minimum-wage and low-income sectors amounting Php4.52 billion in the first half of 2019.
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.