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Philippines: Competition Commission identifies competition concerns in the Philippine Pharmaceutical Industry

The Philippine Competition Commission (PCC) has identified the health and pharmaceuticals industries as one of its priority sectors of enforcement for year 2020. Coupled with the increased demand for improved access to healthcare and affordable medicine resulting from the COVID-19 pandemic, we expect the PCC to intensify its monitoring of participants in the Philippine pharmaceutical markets.

Philippines: Amending the rules on determining the fair market value of shares of stock

The Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 20-2020 dated 3 August 2020, amending RR No. 06-2013 in relation to RR No. 06-2008, governing the imposition of tax on the sale, barter, exchange or other disposition of shares of stock not traded through the local stock exchange. 

Philippines: COVID-19 – Guidelines for proper handling of customer and visitor information for contact...

On 8 July 2020, the National Privacy Commission (NPC) released NPC PHE Bulletin No. 15 to guide establishments on the proper handling and protection of personal data collected from customers and visitors of barbershops, salons, restaurants, and fast-food businesses, in relation to the guidelines covering such establishments issued by the Department of Trade and Industry (DTI).

Philippines: Reopening the workplace – A legal perspective

In brief The Philippine national government has imposed an Enhanced Community Quarantine (ECQ) over the entire Luzon island effective 17 March 2020 to 15 May...

Asia Pacific: Webinar: COVID-19 and Supply Chains: Navigating the Immediate, Changing, Mid- and Longer-Term...

In continuation of Baker McKenzie's Asia Pacific webinar series on the business impact of COVID-19, we bring you another panel of legal practitioners to...

Philippines: DTI, DA, and DOH Temporarily Freeze Prices on Basic Necessities (COVID-19)

DTI, DA, and DOH temporarily freeze prices on basic necessities as part of Covid-19 remedial measuresRecent developments The Department of Trade and Industry (DTI), Department...

Philippines: Extension of Statutory Deadlines for Tax Filings and Payments in PH

The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 7-2020 (RR 7-2020) dated 27 March 2020 to implement Section 4(z) of Republic...

BIR Suspends the Running of the Statute of Limitations in the Philippines

On 30 March 2020, in light of the declaration of a State of National Emergency, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum...

Philippines: DOLE Issues Guidelines on Holiday Pay and Probationary Period during ECQ in PH

In light of the enhanced community quarantine due to the COVID-19 outbreak, the Department of Labor and Employment (DOLE) recently issued the following advisories:...

Philippines: NPC, NTC, DTI-FTEB, and OMB Issue Advisories

The National Privacy Commission (NPC), the National Telecommunications Commission (NTC), the Department of Trade and Industry - Fair Trade Enforcement Bureau (DTI-FTEB), and the...
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