BIR exempts add’l 16 medicines from VAT;
D.A., DTI forges alliance to boost agri exports;
DOLE, DTI hold workshop on labor negotiations;
MRT-3, LRT-1 to extend ops ‘til Dec. 23
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D.A., DTI forges alliance to boost agri exports;
DOLE, DTI hold workshop on labor negotiations;
MRT-3, LRT-1 to extend ops ‘til Dec. 23
For more news, visit:
►https://www.ptvnews.ph/
Subscribe to our DailyMotion Channel:
►http://www.dailymotion.com/peoples-television-incorporated
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6:00 - 6:30pm | 9:30 - 10:00 pm
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NewsTranscript
00:00The train operations for both the MRT and the LRT are extended as announced by the Department of Transportation or DOTR.
00:09This and other developments in tonight's business news wrap-up by William Thio.
00:17The Bureau of Internal Revenue or BIR issued Memorandum Circular number 131-2024
00:26which exempts certain medicines for cancer, diabetes, and mental illness from value-added tax or VAT obligations.
00:35BIR Commissioner Romeo Domagi Jr. says 16 medicines are VAT-exempt
00:41as the agency believes excellent taxpayer service should include timely exemption for eligible medicines.
00:49The Department of Agriculture or DA and the Department of Trade and Industry or DTI
00:55have forged an alliance to help the country in its agricultural exports as well as address market barriers.
01:03DA Secretary Francisco Teolaurel Jr. is proud that such partnership with DTI has been formalized
01:11and that combining the resources and expertise of both agencies will unlock the full potential of the country's agriculture sector.
01:20The Department of Labor and Employment or DOLE and the DTI held a two-day workshop
01:26to improve the skills of the Labor Department's negotiators in integrating labor matters in key trade discussions for the country.
01:36Attorney Abigail de la Rosa, head of DOLE's International Labor Affairs Task Force, said
01:42negotiators always come up with the utmost benefits for both labor and capital whenever they are at the negotiation table,
01:51especially its possible benefits to the country's economic development.
01:57The Department of Transportation or DOTR announced operations of both the Metro Rail Transit or MRT
02:04and the Light Rail Transit or LRT are both extended until December 23.
02:09The decision to extend operations is in consideration of the volume of passengers during the holiday season.
02:17William Theo from The National TV for a new and better Philippines.