TRAIN frees 99% of Filipinos from paying income taxes: Palace

Written by Philippine News Agency

Malacañang on Tuesday said the tax reform package, or the Tax Reform for Acceleration and Inclusion (TRAIN) bill that President Rodrigo Duterte signed into law would spare 99 percent of Filipinos from paying income taxes.

In a Palace briefing, Presidential Spokesperson Harry Roque said that this is because the priority tax reform bill of the Duterte administration exempts those who have an annual income of not more than PHP250,000 would now be tax-exempt.

Citing salient provisions from the soon-to-be enacted TRAIN bill, Roque said that among those exempted include minimum wage workers, clerks and call center agents.

Under the present...

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Duterte signs into law 2018 budget, tax reform package

Written by Philippine News Agency

President Rodrigo Duterte on Tuesday signed into law the PHP3.767-trillion General Appropriations Act (GAA) of 2018 (RA 10963) and the Tax Reform for Acceleration and Inclusion (TRAIN) Act (RA 10964), which he said are the fulfillment of his campaign promise to institute genuine fiscal reforms that would be felt by every Filipino.

In his message after the signing ceremonies, Duterte said that the implementation of these laws would serve as the government’s initial step towards cutting the poverty rate at 14 percent and making the Philippines an upper middle class country by 2022.

“The 2018 budget, which is 12 percent...

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Deped to boost ICT in schools starting 2018

Written by Philippine News Agency

The opening of classes for SY 2016-2017 in Lumbang East National High School.The opening of classes for SY 2016-2017 in Lumbang East National High School.

To enhance the knowledge, skills of teachers and students, the Department of Education (DepEd) vowed to further improve the information and communications technology (ICT) in schools next year.

"We will ensure all schools have computers," incoming DepEd ICT director Abram Abanil told the Philippine News Agency in an interview.

He said DepEd will look into the ratio of computers to students to ensure there is enough equipment in schools.

"Aside from having a computer laboratory, we also need to look at how many laboratories will be needed if there is a large number of enrollees," Abanil added.

More ICT devices...

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PH eyes creation of regulatory body for nuclear safety

Written by Philippine News Agency

The government is expected to create a regulatory commission for nuclear safety in accordance with the nuclear bill, which is now in its advanced stages in Congress.

In a statement from Russian state-owned State Atomic Energy Corporation (ROSATOM) Wednesday, Philippine Nuclear Research Institute (PNRI) Director, Dr. Carlo Arcilla, said the nuclear law "will guarantee the independence of a nuclear regulatory commission separate from the promotion and research thrusts of the PNRI."

Arcilla said the agricultural and medicinal fields will also benefit from nuclear energy. But he also pointed out the need to address safety concerns.

"While nuclear energy applications have...

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