David Cagahastian

639 posts
Dave Cagahastian is BusinessMirror's reporter covering the Office of the President and the Department of Labor and Employment. He has recently finished a law degree from the University of the Philippines, and holds a business degree from the International Academy of Business and Economics. In the past two years in a row, he had won the Sinag Financial Literacy Journalism Award sponsored by Sun Life Financial Philippines, getting the third place in 2014 then ‎the first prize in 2015.

PCC zeroes in on rice-industry cartels 

THE Philippine Competition Commission (PCC) is looking into the rice cartel, long believed to be in existence, but has been relatively unchecked by the government until now, when there appears to be increasing interest among the public to help stop anticompetitive practices of corporations.

VAT exemption for PWDs on certain goods and services takes effect Dec. 23–Taguiwalo 

Following the publication of the implementing rules and regulations (IRR) of Republic Act (RA) 10754, or an Act Expanding the Benefits and Privileges of Persons With Disability (PWDs), the Department of Social Welfare and Development (DSWD) said PWDs can start enjoying the value-added tax  (VAT) exemption in the purchase of certain goods and services on December 23.

Here come the tourism investments

The Department of Tourism (DOT) expects hundreds of billions in investments in the tourism industry in the next five years, after the long-awaited implementing rules and regulations (IRR) of Republic Act 9353, or the Tourism Act of 2009, was finally issued.

Licuanan next on chopping block

PRESIDENT Duterte has also asked Commission on Higher Education (CHED) Chairman Patricia B. Licuanan not to attend Cabinet meetings anymore, fueling speculations that he is also asking for her resignation.

DTI, BIR sign agreement on e-registration

The Bureau of Internal Revenue (BIR) and the Department of Trade and Industry (DTI) signed on Monday a memorandum of agreement requiring mandatory registration for a taxpayer identification number (TIN) from sole proprietorships and partnerships seeking to register under the Philippine Business Registry (PBR).

PCC to CA: Nullify PLDT-Globe deal

THE Philippine Competition Commission (PCC) has asked the Court of Appeals (CA) to declare the P70-billion buyout by PLDT and Globe of San Miguel Corp.’s (SMC) telecommunications subsidiaries as void and for the whole transaction to be undone.

Government to resume talks with NDF this week

THE peace negotiations between the government and the National Democratic Front (NDF) have resumed in Manila this week. The two parties will continue their discussions in the Philippines on various issues, such as establishing a bilateral ceasefire, before a new round of talks in Oslo in October.

No Palace hand in de Lima’s ouster–Panelo

CHIEF Presidential Legal Counsel Salvador S. Panelo said on Tuesday that the ouster of Sen. Leila M. de Lima from the chairmanship of the Senate Committee on Justice is proof of her abuse of power to further her political ends, as he denied that President Duterte directed his allies to remove her from the said committee.

Locsin named envoy to UN

BUSINESSMIRROR columnist and lawyer Teodoro “Teddyboy” Locsin Jr. has been appointed as the Philippines’s Permanent Representative to the United Nations (UN), replacing Ambassador Lourdes O. Yparraguirre.

Obama deserving of PHL’s highest civil award–Carpio

THE proponent of the arbitration case filed by the Philippines against China to resolve the territorial dispute in the South China Sea on Friday said he would nominate US President Barack Obama for the highest civil award being given by the Philippine government strongly supporting the enforcement of the verdict issued by the United Nations’ Permanent Court of Arbitration (PCA).

PDP-Laban think tank asks: What martial law?

THE ruling party PDP-Laban on Wednesday maintained the declaration of a state of national emergency throughout the country is not equivalent to martial law, amid speculations that Memorandum Circular (MC) 3, issued by President Duterte, could result in unlawful warrantless arrests.
PDP-Laban Policy Study Group Head Jose Antonio Goitia said in a statement that Mr. Duterte, as a lawyer and former prosecutor, knows the bounds of his power and his duty to ensure that all laws shall be faithfully executed.

Long holidays during Miss U tilt in Jan 2017

President Duterte could declare special holidays in Metro Manila in January to ease the traffic when the Philippines hosts the Miss Universe 2017 beauty pageant, which is expected to “put the Philippines on the map” of the best tourist destinations worldwide.

TMAP: Federal system must ease tax regime

The Tax Management Association of the Philippines (TMAP) on Friday said the tax administration in the proposed federal system of government should be simplified to encourage more voluntary compliance and preserve the ease of doing business, even after the proposed shift.

Duterte to revise government bidding rule

President Duterte said he would ignore the rules of the Commission on Audit (COA) in the procurement of equipment and medical facilities for the military, saying the lowest bids for these contracts are not necessarily the most advantageous to the government.

Dulay praised, hit over tax order for schools

Despite the new memorandum circular issued by Internal Revenue Commissioner Caesar R. Dulay restoring the tax-exemption privilege of nonstock, nonprofit educational institutions, there are still some who are questioning his imposition of a onetime requirement for the exemption to apply.

Government can revoke Laguna de Bay permits

The government can revoke the permits given to private corporations to develop and manage huge portions of the Laguna de Bay, as hinted by President Duterte in his State of the Nation Address (Sona) on Monday, but such move could affect the supply of freshwater fish from the lake.

Duterte vows to do better in boosting PHL growth

The government will maintain current fiscal and monetary policies, increase infrastructure spending, create more jobs and cut income taxes to boost economic growth in the next six years, President Duterte said in his first State of the Nation Address (Sona) on Monday.

TMAP, Dulay to meet on tax-refund pleas

The Tax Management Association of the Philippines (TMAP) will visit Internal Revenue Commissioner Caesar R. Dulay next week to appeal the millions of pesos in value-added tax (VAT) refunds of corporate taxpayers denied to them by the previous administration without leaving any judicial or administrative recourse.

Dulay receives collective business assurance of support

The Bureau of Internal Revenue (BIR), in a statement, said Dulay met with the various business groups just last week when they also ventilated their concerns on tax collection and administration. In that meeting, Dulay received the collective support of the various business groupings, whose cooperation should “significantly improve, if not fully attain, the revenue collection goal for this year.”

Taguiwalo probes P6.3-billion ‘unliquidated’ CCT money  

Social Welfare and Development Secretary Judy M. Taguiwalo said on Friday her transition team will look into the P6.3 billion in unliquidated funds for the Conditional Cash-Transfer (CCT) Program of the Aquino administration in 2015. In a news statement released to Palace reporters, Taguiwalo cited a recent audit by the Commission on Audit (COA) indicating some P6.3 billion in unliquidated funds for the Pantawid Pamilyang Pilipino Program (4Ps) administered by the Department of Social Welfare and Development (DSWD).

Day 1 ‘casualty’: Online casinos

Aside from his avowed policies against crime, corruption, illegal drugs and other kinds of vices, President Rodrigo R. Duterte on Thursday also declared his policy against online- gambling operators, while promising to allocate government revenues from gaming for health services to the poor.

‘CCT reduced poverty, boosted PHL economy’

PRESIDENT-elect Rodrigo R. Duterte has made known the intent to put the liquidity-boosting Conditional Cash-Transfer (CCT) Program under review as soon as he takes the helm of the government in a few days, and set the ground under which the P65-billion-a-year exercise may be withdrawn.