top manila law firm Archives - ABO LAW FIRM

ABO LAW FIRM

GOVERNMENT PLANS AND RESPONSES TO BOLSTER THE ECONOMY DURING AND AFTER THE LOCKDOWN CAUSED BY THE COVID-19 PANDEMIC

The lockdown of the capital Metro Manila and other provinces due to the COVID-19 pandemic has put a damper on the fast rising economy of the Philippines. For the first time in a long-time, the Philippines is looking at a contraction of its economy possibly resulting in many micro, small, and medium enterprises (MSMEs) and also big business like airline companies filing for bankruptcies. The Philippine government has already introduced programs to cushion the economic impact of the pandemic like the Php50.8 billion peso small business wage subsidy program for displaced workers…

Continue Reading

EASE OF DOING BUSINESS ACT AND THE ANTI-RED TAPE AUTHORITY COUNCIL

Republic Act No. 11032 or the Ease of Doing Business Act is a landmark legislation which created a framework for the government’s initiative to make investment in the Philippines more attractive. Included in the law is the creation and/or appointment of the bodies that are tasked to implement its provisions thereof, the Anti-Red Tape Authority (ARTA) and the Ease of Doing Business and Anti-Red Tape Advisory Council. THE ANTI-RED TAPE AUTHORITY (ARTA) The ARTA, which is attached to the office of the President, is tasked by law to ensure that the provisions…

Continue Reading

CALAMITY FUND IN THE PHILIPPINES

In May 07, 2010, then President Gloria Macapagal-Arroyo signed in to law Republic Act (RA) 10121 or the “Philippine Disaster Risk Reduction and Management Act of 2010”.  In a nut shell, this law’s aim is to have a framework for the mitigation of risks, programs for quick responses during the time of disasters and recovery thereafter. An important aspect of the Disaster Risk Reduction and Management Plan is its implementation which is only possible if there ample is ample funding. Hence, RA 10121 have provisions for a Local Disaster Risk Reduction and…

Continue Reading

FOREIGN INVESTMENT NEGATIVE LIST

On 29 October 2018 President Rodrigo Duterte issued the 11th Foreign Investment Negative List. The said Foreign Investment Negative List took effect on 16 November 2018. As with the previous List, the current one outlines, clarifies the scope and limitations of foreign ownership in businesses in specific industries. The intent of the 11th Foreign Investment Negative List is to ease restrictions on foreign participation in certain investment areas or activities. This can be seen in the easing of restrictions of foreign ownership in many sectors or industries, which now can be owned…

Continue Reading

PREMIUM PAYMENTS (HOLIDAY PAY) FOR WORKERS WHO REPORT FOR DUTY ON REGULAR AND SPECIAL HOLIDAYS

PREMIUM PAYMENTS (HOLIDAY PAY) It’s the time of the year where holidays are a plenty and where millions spend valuable time with their loved ones. However, many businesses do not stop on holidays and some workers are required by their employers to go on duties. In return, workers who are required to report for work on holidays are given additional pay in accordance with labor laws. PREMIUM PAYMENTS FOR WORKERS WHO REPORT ON A REGULAR HOLIDAY Workers who report for work during an official regular holiday are entitled to “double pay” or…

Continue Reading
Close Menu