EO 104 was signed by President Rodrigo Roa Duterte on 17 February 2020. It aims to provide Filipinos with affordable healthcare through the imposition of a Maximum Retail Price (MRP) and/or Maximum Wholesale Price (MWP) on certain drugs and medicines based on a set criteria. EO 104 now imposes MRP and/or MWP on 86 drug …
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The Philippine Competition Commission issued, on 11 February 2020, PCC Advisory No. 02-2020 adjusting the compulsory threshold notification for mergers and acquisitions transactions. The Commission has raised the thresholds from PHP5.6 Billion to PHP6 Billion for the Size of Person (SoP) and from PHP2.2 Billion to PHP2.4 Billion for the Size of Transaction (SoT). The …
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The Department of Labor and Employment (DOLE) has issued Department Order (DO) No. 208-20 setting the guidelines for the implementation of mental health care in the workplace. The DO, issued on 11 February 2020, requires employers to formulate their Mental Health Workplace Policy and Program to promote workers’ well-being and promote healthy and productive lives. …
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PJS Law and collaboration partner, Talino Venture Labs, the first inclusiontech venture builder in the Philippines, launched on 11 December 2019, Unawa Asia (www.unawa.asia) – the first regulatory-tech (“RegTech”) venture in the Philippines. “Unawa aims to make regulatory compliance as pain-free as possible for enterprises and SMEs so they can focus on their core businesses …
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PJS Law reaffirms its strength by achieving the highest rankings in the recently released asialaw Profiles and asialaw Leading Lawyers 2020 guide. The legal publication conferred the rank of “Outstanding” upon the Firm’s Energy and Construction practice groups. The Firm’s Corporate/M&A and Infrastructure groups also garnered the “Highly Recommended” ranking. The Leading Lawyers guide also …
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The Philippine Competition Commission has issued today PCC Advisory No. 2019-001 adjusting the compulsory threshold notification for M&A transactions. The Commission has raised the thresholds from PHP5 Billion to PHP5.6 Billion for the Size of Person (SoP) and from PHP2 Billion to PHP2.2 Billion for the Size of Transaction (SoT). Under the law, PCC is …
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Defense Secretary Delfin N. Lorenzana said last Tuesday that he posed an idea to the President of turning Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) debt troubles into an opportunity for the Philippines to develop a shipbuilding industry. Read more on: https://www.bworldonline.com/govt-mulls-takeover-of-hanjins-shipyard/
The Duterte administration welcomed Spanish firms interested in the government’s “Build, Build, Build” infrastructure program. Two memoranda of understanding (MOU) entered the final stages which included grants for agro-food, infrastructure, and tourism projects. Read more at: https://business.inquirer.net/263687/mous-for-spanish-financing-to-ph-readied
Finance Assistant Secretary Antonio Joselito G. Lambino II said that the planned tax amnesty bill was set to be delivered from Congress to the Office of President last Wednesday. According to him, once signed to law, the amnesty will grant amnesty one-time legal relief for those with unpaid taxes for years up to 2017. Read …
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