Philippine Economic Recovery Program proposed by FFCCCII

Philippine Economic Recovery Program proposed by FFCCCII

Philippine Economic Recovery Program proposed by FFCCCII April 25, 2020 statement of Dr. Henry Lim Bon Liong, president of the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII). Dr. Lim is also chairman of the Filipino Chinese Community Charity Foundation (FCCCF) comprised of 11 major Filipino Chinese civic and cultural groups led […]

Filipino-Chinese groups donate P100M to fight COVID-19

Filipino-Chinese groups donate P100M to fight COVID-19

The Filipino Chinese community on March 12 announced donation of P100 Million Pesos worth of medical supplies for the Department of Health (DOH) to support the COVID-19 or novel coronavirus prevention campaign of the Philippines. The 11 major Filipino Chinese business, civic and cultural organizations—led by Federation of Filipino Chinese Chambers of Commerce & Industry, […]

CNO a requirement for alien permit

Foreign nationals who intend to work in the Philippines are now required to secure a Certificate of No Objection from the labor department before they can be issued the appropriate visa and permits from concerned government agencies. The rule is spelled out in Department Order No. 205, series of 2019 or the ‘Implementing Guidelines on […]

Hidilyn Diaz bags 2 bronze medals in 2019 IWF World Championships

2016 Olympic silver medalist Hidilyn Diaz bagged two bronze medals in the 2019 International Weightlifting Federation (IWF) World Championships women’s 55kg category Friday (Saturday, Manila time) in Pattaya, Thailand. Hidilyn Diaz of Philippines (AP file Photo/Firdia Lisnawati) Diaz copped two bronzes after lifting 121 kg in clean and jerk discipline and 214 kg in total. […]

Gymnast Carlos Yulo captures historic world championship gold

Carlos Yulo came through with a performance to remember in the floor exercise and captured the historic first gold medal in the 49th FIG World Artistic Championships in Stuttgart, Germany on Saturday night. Carlos Edriel Yulo of the Philippines, center and gold medal, Artem Dolgopyat of Israel, left and silver medal, and Xiao Ruoteng of […]

Wesley So whips World No. 1 Magnus Carlsen, captures World Fischer Random Chess title

Grandmaster Wesley So outclassed reigning world classical titlist Magnus Carlsen 13.5-2.5 to emerge as the inaugural champion of the World Fischer Random Chess Championship in Hovikodden, Norway on Sunday. Wesley So, center, during the awarding ceremony. (Photo courtesy of tournament website) It was a one-sided affair for So, who was born in Cavite but who […]

PHL visitor arrivals reach 6.16 million, up 14.37% year-on-year

Manila, Philippines – the Philippine tourism industry remains in a sweet spot as the country’s inbound visitor count continues to see an upward trend, surpassing the six million mark at the end of September 2019. According to the latest data released by the Department of Tourism (DOT) in its monthly report, the Philippines received a […]

Duterte orders faster dev’t of rural ecozones, halt in metro

President Duterte has ordered government agencies to hasten the development of special economic zones (ecozones) in rural areas and halt the approvals of ecozones in Metro Manila. Duterte made the order through his Administrative Order (AO) No. 18 signed on June 17. President Rodrigo Roa Duterte (KIWI BULACLAC / PRESIDENTIAL PHOTO / MANILA BULLETIN) Based […]

50-year-old PH stock brokerage shuts down

One of the oldest stock brokerage firms in the country ceased operations earlier this week after its owners uncovered a long-running scam by a “trusted employee” that resulted in almost the entire investors of clients’ shares held by the firm being wiped out. The company—50-year-old R&L Investments Inc. based in Mandaluyong City, and a member […]

Philippine GDP grows by 6.2 percent in Q3 2019

Reference Number: 2019-187 Release Date: November 7, 2019 GDPGross Domestic Product (GDP) grew year-on-year by 6.2 percent in the third quarter of 2019. Trade and Repair of Motor Vehicles, Motorcycles, Personal and Household Goods; Construction; and Financial Intermediation were the main drivers of growth for the quarter. Among the major economic sectors, Services posted the […]

BIR padlocks main office, 2 branches of tax-dodging POGO service provider

The Bureau of Internal Revenue (BIR) padlocked simultaneously Wednesday the main office and two branches of one of the biggest Philippine Offshore Gaming Operator (POGO) service providers in the country for alleged failure to register and pay the corresponding deficiency taxes amounting to P2 billion. Bureau of Internal Revenue (MANILA BULLETIN) Shuttered were the headquarter […]

BIR to close 20 more POGO restaurants

The Bureau of Internal Revenue (BIR) will padlock 20 more colorum restaurants in the Makati, Pasay, and Parañaque areas that cater exclusively to Philippine Offshore Gaming Operators (POGO) employees. Bureau of Internal Revenue (MANILA BULLETIN) Initial reports reaching the office of Revenue Deputy Commissioner for Operations Arnel Guballa showed that the eateries were found to […]

Tax on POGOs stays — BIR

The Bureau of Internal Revenue (BIR) said Tuesday it will continue to tax the Philippine Offshore Gaming Operators (POGOs) despite the pronouncement of the Office of the Solicitor General (OSG) that the business is exempt from taxation. (MANILA BULLETIN) Citing Section 4 of the Tax Code, Revenue Deputy Commissioner for Operations Arnel Guballa stated that […]

6,678 foreigners working in POGOs are undocumented – DOLE

At least 6,000 foreign nationals employed in the Philippine offshore gaming operations (POGOs) are undocumented, the Department of Labor and Employment (DOLE) disclosed on Tuesday during the Senate deliberation on the P14.42-billion proposed budget of the DOLE for 2020. Department of Labor and Employment (MANILA BULLETIN) Senator Joel Villanueva, who presided over the hearing as […]

November holidays: Rules out

There are three holidays in the month of November, the subject of the latest advisory of the labor department prescribing proper payment of wages for private sector workers nationwide. In Labor Advisory No. 11 issued by Labor Secretary Silvestre Bello III, employers are reminded to observe and implement the proper payment of wages to their […]

Tax-free maternity benefits

Women workers and employees are entitled to receive tax-free maternity benefits under the expanded maternity leave law, according to the labor department. In Department Advisory No. 01-A, Series of 2019, Labor Secretary Silvestre Bello III said the salary differential paid by the private sector employer to women employees availing of the expanded maternity leave is […]

CNO a requirement for alien permit

Foreign nationals who intend to work in the Philippines are now required to secure a Certificate of No Objection from the labor department before they can be issued the appropriate visa and permits from concerned government agencies. The rule is spelled out in Department Order No. 205, series of 2019 or the ‘Implementing Guidelines on […]

SOURCE PRODUCTS FROM MSMES, INCLUDE THEM IN THE VALUE CHAIN: SEC. LOPEZ TELLS FILIPINO-CHINESE BUSINESSES PASAY

 Department of Trade and Industry (DTI) Secretary Ramon Lopez called on Filipino-Chinese business owners and conglomerates to support micro, small, and medium enterprises (MSMEs) by purchasing their materials and input requirements locally. “We urge our Filipino-Chinese businesses to partner with us in creating more opportunities for our countrymen. Source your raw materials and products from […]

SGMA AT FFCCCII CONVENTION

Former President and now House Speaker Gloria Macapagal-Arroyo on Friday received a warm welcome from the officers and members of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII). Speaker Arroyo delivered the keynote speech for the 32nd Biennial Convention of the FFCCCII which was held at the Manila Hotel Tent. She thanked […]

Opening Ceremony of the 32nd Biennial Convention of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII)

President Rodrigo Roa Duterte lauded the Filipino-Chinese community for their contribution towards nation building during the Opening Ceremony of the 32nd Biennial Convention of the Federation of Filipino-Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) at the SMX Convention Center in Pasay City. In his message, President Duterte recognized the FFCCCII as an important partner […]