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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines) Philippines Legal Online Slots Guide Philippines UNSCRUPULOUS car dealers and importers will now face stiffer penalties after Transportation Secretary Jaime Bautista approved the recommendation of the Land Transportation Office (LTO) to put more teeth in the fight against fraud, including in the registration of motor vehicles.The agency also vowed to impose a crackdown on colorum vehicle operations nationwide.In a statement Friday, April 12, 2024, LTO Chief Assistant Secretary Vigor Mendoza said Bautista’s approval enabled the amendment of an LTO administrative order (AO) so that erring Manufacturers, Assemblers, Importers, Rebuilders, Dealers And Other Entities (Mairdoe) that are authorized to import motor vehicles and their components will now face tougher penalties for the following acts:(a) commission of fraud and misrepresentation in the filing of the application and its operations, including stock and sales reporting; and(b) submission of fraudulent, fake or falsified stock/sales periodic reports. The first offense will merit the suspension of the Certificate of Accreditation of up to six months and a P500,000 fine, as well as the cancellation of the Certificate of Stock Reported (CSR), sales report and registration of the vehicle/s. For the second offense, the offender will suffer the cancellation of its Certificate of Accreditation and blacklisting for one year from the finality of the order of cancellation, as well as the cancellation of the CSR, sales report and registration of the vehicle/s. Mendoza said the suspension would begin upon finality of the Order/Decision and payment of the fine. During the suspension, the Mairdoe’s user log-in would be deactivated. However, for these serious offenses, Mendoza said the penalty includes a 90-day preventive suspension to begin upon receipt of the show cause order to be issued by the LTO. Up to P1 million The AO amendment approved by Bautista also imposes six-figure penalties for less serious offenses, including (a) the failure to comply with the standard requirements and other laws and their implementing rules and regulations relating to the Mairdoe business operations; and (b) allowing the use of its accreditation by non-accredited persons or entities.The penalties are P100,000 for the first offense, P500,000 for the second offense and P1 million for the third offense.If the Mairdoe offends a fourth time, it will be penalized with the cancellation of its Certificate of Accreditation as well as blacklisting for one year from the finality of the order of cancellation. Mendoza said this would “correct the policy before wherein erring Mairdoe can still transact with the LTO.”He said the case of the fraudulent registration of two Bugatti Chiron, luxury sports cars, with the LTO made the agency realize that the penalties were too low. He did not indicate how light the penalties were before the amendments were made. Colorum After Mairdoe, the LTO will next deal with the operators of colorum vehicles.In a separate statement, the agency announced Wednesday that it is crafting a plan to end the illegal operation of colorum vehicles nationwide that has cost legitimate transport operators 30 percent of their income.The LTO said that to end the inter-island operation of colorum vehicles, it would coordinate with port authorities to stop such vehicles from traveling from the Visayas to Metro Manila using roll on, roll off or roro vessels. It would also intercept them at terminals and expressways. Mendoza reminded illegal operators that the penalty for operating a colorum vehicle is up to P2 million in fines and up to six years of jail time. / CTL

UNSCRUPULOUS car dealers and importers will now face stiffer penalties after Transportation Secretary Jaime Bautista approved the recommendation of the Land Transportation Office (LTO) to put more teeth in the fight against fraud, including in the registration of motor vehicles.The agency also vowed to impose a crackdown on colorum vehicle operations nationwide.In a statement Friday, April 12, 2024, LTO Chief Assistant Secretary Vigor Mendoza said Bautista’s approval enabled the amendment of an LTO administrative order (AO) so that erring Manufacturers, Assemblers, Importers, Rebuilders, Dealers And Other Entities (Mairdoe) that are authorized to import motor vehicles and their components will now face tougher penalties for the following acts:(a) commission of fraud and misrepresentation in the filing of the application and its operations, including stock and sales reporting; and(b) submission of fraudulent, fake or falsified stock/sales periodic reports. The first offense will merit the suspension of the Certificate of Accreditation of up to six months and a P500,000 fine, as well as the cancellation of the Certificate of Stock Reported (CSR), sales report and registration of the vehicle/s. For the second offense, the offender will suffer the cancellation of its Certificate of Accreditation and blacklisting for one year from the finality of the order of cancellation, as well as the cancellation of the CSR, sales report and registration of the vehicle/s. Mendoza said the suspension would begin upon finality of the Order/Decision and payment of the fine. During the suspension, the Mairdoe’s user log-in would be deactivated. However, for these serious offenses, Mendoza said the penalty includes a 90-day preventive suspension to begin upon receipt of the show cause order to be issued by the LTO. Up to P1 million The AO amendment approved by Bautista also imposes six-figure penalties for less serious offenses, including (a) the failure to comply with the standard requirements and other laws and their implementing rules and regulations relating to the Mairdoe business operations; and (b) allowing the use of its accreditation by non-accredited persons or entities.The penalties are P100,000 for the first offense, P500,000 for the second offense and P1 million for the third offense.If the Mairdoe offends a fourth time, it will be penalized with the cancellation of its Certificate of Accreditation as well as blacklisting for one year from the finality of the order of cancellation. Mendoza said this would “correct the policy before wherein erring Mairdoe can still transact with the LTO.”He said the case of the fraudulent registration of two Bugatti Chiron, luxury sports cars, with the LTO made the agency realize that the penalties were too low. He did not indicate how light the penalties were before the amendments were made. Colorum After Mairdoe, the LTO will next deal with the operators of colorum vehicles.In a separate statement, the agency announced Wednesday that it is crafting a plan to end the illegal operation of colorum vehicles nationwide that has cost legitimate transport operators 30 percent of their income.The LTO said that to end the inter-island operation of colorum vehicles, it would coordinate with port authorities to stop such vehicles from traveling from the Visayas to Metro Manila using roll on, roll off or roro vessels. It would also intercept them at terminals and expressways. Mendoza reminded illegal operators that the penalty for operating a colorum vehicle is up to P2 million in fines and up to six years of jail time. / CTL How do I make deposits and cashouts at online casinos from the Philippines? PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC)

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PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC) How do I make deposits and cashouts at online casinos from the Philippines? PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines)

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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines), About BingoPlus. Since 2019 there has been a BingoPlus Online available. 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UNSCRUPULOUS car dealers and importers will now face stiffer penalties after Transportation Secretary Jaime Bautista approved the recommendation of the Land Transportation Office (LTO) to put more teeth in the fight against fraud, including in the registration of motor vehicles.The agency also vowed to impose a crackdown on colorum vehicle operations nationwide.In a statement Friday, April 12, 2024, LTO Chief Assistant Secretary Vigor Mendoza said Bautista’s approval enabled the amendment of an LTO administrative order (AO) so that erring Manufacturers, Assemblers, Importers, Rebuilders, Dealers And Other Entities (Mairdoe) that are authorized to import motor vehicles and their components will now face tougher penalties for the following acts:(a) commission of fraud and misrepresentation in the filing of the application and its operations, including stock and sales reporting; and(b) submission of fraudulent, fake or falsified stock/sales periodic reports. The first offense will merit the suspension of the Certificate of Accreditation of up to six months and a P500,000 fine, as well as the cancellation of the Certificate of Stock Reported (CSR), sales report and registration of the vehicle/s. For the second offense, the offender will suffer the cancellation of its Certificate of Accreditation and blacklisting for one year from the finality of the order of cancellation, as well as the cancellation of the CSR, sales report and registration of the vehicle/s. Mendoza said the suspension would begin upon finality of the Order/Decision and payment of the fine. During the suspension, the Mairdoe’s user log-in would be deactivated. However, for these serious offenses, Mendoza said the penalty includes a 90-day preventive suspension to begin upon receipt of the show cause order to be issued by the LTO. Up to P1 million The AO amendment approved by Bautista also imposes six-figure penalties for less serious offenses, including (a) the failure to comply with the standard requirements and other laws and their implementing rules and regulations relating to the Mairdoe business operations; and (b) allowing the use of its accreditation by non-accredited persons or entities.The penalties are P100,000 for the first offense, P500,000 for the second offense and P1 million for the third offense.If the Mairdoe offends a fourth time, it will be penalized with the cancellation of its Certificate of Accreditation as well as blacklisting for one year from the finality of the order of cancellation. Mendoza said this would “correct the policy before wherein erring Mairdoe can still transact with the LTO.”He said the case of the fraudulent registration of two Bugatti Chiron, luxury sports cars, with the LTO made the agency realize that the penalties were too low. He did not indicate how light the penalties were before the amendments were made. Colorum After Mairdoe, the LTO will next deal with the operators of colorum vehicles.In a separate statement, the agency announced Wednesday that it is crafting a plan to end the illegal operation of colorum vehicles nationwide that has cost legitimate transport operators 30 percent of their income.The LTO said that to end the inter-island operation of colorum vehicles, it would coordinate with port authorities to stop such vehicles from traveling from the Visayas to Metro Manila using roll on, roll off or roro vessels. It would also intercept them at terminals and expressways. Mendoza reminded illegal operators that the penalty for operating a colorum vehicle is up to P2 million in fines and up to six years of jail time. / CTL Philippines Legal Online Slots Guide. here is how to register at an online casino site in the Philippines:

PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines) How do I make deposits and cashouts at online casinos from the Philippines? . 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UNSCRUPULOUS car dealers and importers will now face stiffer penalties after Transportation Secretary Jaime Bautista approved the recommendation of the Land Transportation Office (LTO) to put more teeth in the fight against fraud, including in the registration of motor vehicles.The agency also vowed to impose a crackdown on colorum vehicle operations nationwide.In a statement Friday, April 12, 2024, LTO Chief Assistant Secretary Vigor Mendoza said Bautista’s approval enabled the amendment of an LTO administrative order (AO) so that erring Manufacturers, Assemblers, Importers, Rebuilders, Dealers And Other Entities (Mairdoe) that are authorized to import motor vehicles and their components will now face tougher penalties for the following acts:(a) commission of fraud and misrepresentation in the filing of the application and its operations, including stock and sales reporting; and(b) submission of fraudulent, fake or falsified stock/sales periodic reports. The first offense will merit the suspension of the Certificate of Accreditation of up to six months and a P500,000 fine, as well as the cancellation of the Certificate of Stock Reported (CSR), sales report and registration of the vehicle/s. For the second offense, the offender will suffer the cancellation of its Certificate of Accreditation and blacklisting for one year from the finality of the order of cancellation, as well as the cancellation of the CSR, sales report and registration of the vehicle/s. Mendoza said the suspension would begin upon finality of the Order/Decision and payment of the fine. During the suspension, the Mairdoe’s user log-in would be deactivated. However, for these serious offenses, Mendoza said the penalty includes a 90-day preventive suspension to begin upon receipt of the show cause order to be issued by the LTO. Up to P1 million The AO amendment approved by Bautista also imposes six-figure penalties for less serious offenses, including (a) the failure to comply with the standard requirements and other laws and their implementing rules and regulations relating to the Mairdoe business operations; and (b) allowing the use of its accreditation by non-accredited persons or entities.The penalties are P100,000 for the first offense, P500,000 for the second offense and P1 million for the third offense.If the Mairdoe offends a fourth time, it will be penalized with the cancellation of its Certificate of Accreditation as well as blacklisting for one year from the finality of the order of cancellation. Mendoza said this would “correct the policy before wherein erring Mairdoe can still transact with the LTO.”He said the case of the fraudulent registration of two Bugatti Chiron, luxury sports cars, with the LTO made the agency realize that the penalties were too low. He did not indicate how light the penalties were before the amendments were made. Colorum After Mairdoe, the LTO will next deal with the operators of colorum vehicles.In a separate statement, the agency announced Wednesday that it is crafting a plan to end the illegal operation of colorum vehicles nationwide that has cost legitimate transport operators 30 percent of their income.The LTO said that to end the inter-island operation of colorum vehicles, it would coordinate with port authorities to stop such vehicles from traveling from the Visayas to Metro Manila using roll on, roll off or roro vessels. It would also intercept them at terminals and expressways. Mendoza reminded illegal operators that the penalty for operating a colorum vehicle is up to P2 million in fines and up to six years of jail time. / CTL licensed online casinos PRESTIGE Warehousing and Logistics (PWL) and JBY Equipment and Impex Logistics Inc. both signed contracts with Aboitiz InfraCapital Economic Estates to expand their operations in the West Cebu Estate in Balamban, Cebu. Their presence is said to ensure efficiency and convenience for manufacturing companies operating within the economic hub.PWL president Merlina Cayanong and Joseph Beltram Ybanez, president of JBY Equipment and Impex Logistics Inc., see their expansions as catalysts for creating new job opportunities within the surrounding communities. “Choosing West Cebu Estate was a strategic decision for JBY Equipment and Impex Logistics Inc. The thriving shipbuilding industry and the escalating demand for industrial spaces perfectly align with our vision. By locating our business here, we are not only tapping into a robust market but also positioning ourselves as a vital support system for manufacturing companies seeking efficient logistics services. West Cebu Estate’s dynamic environment provides the ideal backdrop for our operations, allowing us to contribute meaningfully to the region’s industrial growth,” said Ybanez in a statement.According to Aboitiz InfraCapital Economic Estates, the industrial inventory release at West Cebu Estate has triggered a surge in investor interest, underlining the scarcity of available inventory in the market. Various entities have already secured their land parcels, and with construction nearing its final stages, the company anticipates that the limited inventory will be fully exhausted within the next 18 to 24 months.West Cebu Estate is a 540-hectare mixed-use development in the midwestern town of Balamban in Cebu’s third district that was first incorporated in 1992.“Shipbuilding capital”It is anchored by the 283-hectare Philippine Economic Zone Authority-registered zone tagged as the “Shipbuilding Capital of the Philippines.” Hosting 11 locators from medium to heavy industries, the township has complementary residential, commercial and industrial components, and offers future development areas for commercial centers, dormitories and residential communities. Earlier this year, West Cebu Estate embarked on a 39-hectare industrial expansion, supported by an P800 million investment. This strategic initiative, expected to create 14,000 new jobs, signifies the evolution of the estate from a primary shipbuilding hub to an industrial estate catering to a wider array of industries, including automotive, electronics, manufacturing and logistics.In addition to the industrial expansion, West Cebu Estate is developing a 3.3-hectare central business district (CBD) within the economic estate, slated for launch in 2025. This CBD will encompass commercial lots for sale, food outlets, retail shops, essential services, a supermarket and a transportation hub.West Cebu Estate is operated and developed by Cebu Industrial Park Developers Inc., a joint venture project of Aboitiz InfraCapital with Tsuneishi Holdings of Japan. (KOC)

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UNSCRUPULOUS car dealers and importers will now face stiffer penalties after Transportation Secretary Jaime Bautista approved the recommendation of the Land Transportation Office (LTO) to put more teeth in the fight against fraud, including in the registration of motor vehicles.The agency also vowed to impose a crackdown on colorum vehicle operations nationwide.In a statement Friday, April 12, 2024, LTO Chief Assistant Secretary Vigor Mendoza said Bautista’s approval enabled the amendment of an LTO administrative order (AO) so that erring Manufacturers, Assemblers, Importers, Rebuilders, Dealers And Other Entities (Mairdoe) that are authorized to import motor vehicles and their components will now face tougher penalties for the following acts:(a) commission of fraud and misrepresentation in the filing of the application and its operations, including stock and sales reporting; and(b) submission of fraudulent, fake or falsified stock/sales periodic reports. The first offense will merit the suspension of the Certificate of Accreditation of up to six months and a P500,000 fine, as well as the cancellation of the Certificate of Stock Reported (CSR), sales report and registration of the vehicle/s. For the second offense, the offender will suffer the cancellation of its Certificate of Accreditation and blacklisting for one year from the finality of the order of cancellation, as well as the cancellation of the CSR, sales report and registration of the vehicle/s. Mendoza said the suspension would begin upon finality of the Order/Decision and payment of the fine. During the suspension, the Mairdoe’s user log-in would be deactivated. However, for these serious offenses, Mendoza said the penalty includes a 90-day preventive suspension to begin upon receipt of the show cause order to be issued by the LTO. Up to P1 million The AO amendment approved by Bautista also imposes six-figure penalties for less serious offenses, including (a) the failure to comply with the standard requirements and other laws and their implementing rules and regulations relating to the Mairdoe business operations; and (b) allowing the use of its accreditation by non-accredited persons or entities.The penalties are P100,000 for the first offense, P500,000 for the second offense and P1 million for the third offense.If the Mairdoe offends a fourth time, it will be penalized with the cancellation of its Certificate of Accreditation as well as blacklisting for one year from the finality of the order of cancellation. Mendoza said this would “correct the policy before wherein erring Mairdoe can still transact with the LTO.”He said the case of the fraudulent registration of two Bugatti Chiron, luxury sports cars, with the LTO made the agency realize that the penalties were too low. He did not indicate how light the penalties were before the amendments were made. Colorum After Mairdoe, the LTO will next deal with the operators of colorum vehicles.In a separate statement, the agency announced Wednesday that it is crafting a plan to end the illegal operation of colorum vehicles nationwide that has cost legitimate transport operators 30 percent of their income.The LTO said that to end the inter-island operation of colorum vehicles, it would coordinate with port authorities to stop such vehicles from traveling from the Visayas to Metro Manila using roll on, roll off or roro vessels. It would also intercept them at terminals and expressways. Mendoza reminded illegal operators that the penalty for operating a colorum vehicle is up to P2 million in fines and up to six years of jail time. / CTL Philippines Legal Online Slots Guide

Some of the most important trends revolve around the changes to the legalisation of online gambling for offshore operators, with President Rodrigo Duterte cracking down on illegal operations in recent years. Otherwise, we’ve identified that the growth in the land-based gambling industry has resulted in job creation for locals, with more than half of all employees in the entertainment sector being employed for gambling and betting activities.

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