Minimum Paid-Up Capital for Corporations in the Philippines

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No minimum capital stock is required for stock corporations under the Revised Corporation Code, except when specifically provided by law. The Securities and Exchange Commission (SEC) has a matrix (accessed on 29 March 2020) of the required minimum paid-up capital (paid-up capital is the portion of the authorized capital stock which has been subscribed and actually paid),  according to industry, for the registration of Philippine corporations. This covers foreign-owned domestic corporations, when not covered by the Negative List.

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Suspension of Rents and Loan Payments During the Covid-19 Lockdown

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To help address the national crisis brought about by the Coronavirus Disease 2019 (COVID-19), Congress granted temporary emergency powers to the President, through the “Bayanihan to Heal As One Act” (Republic Act No. 11469). This law already took effect but not self-executory, which is why on 28 March 2020, the President, through the Executive Secretary, issued a directive to implement the emergency powers. Among the matters covered by the temporary emergency powers is the suspension of rent and loan payments. 

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Implementing the Bayanihan to Heal As One Act (Republic Act No. 11469): Full Text of the Memorandum from the Executive Secretary

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[The “Bayanihan to Heal As One Act” (Republic Act No. 11469), already effective after having been published in the Manila Bulletin on 25 March 2020, granted temporary emergency powers to the President to help address the national emergency brought about by the Coronavirus Disease 2019 (COVID-19). The emergency powers provided in R.A. 11469 are not self-executory, but require the directive of the President. On 28 March 2020, the Executive Secretary, acting on behalf of the President, issued a Memorandum providing for the implementation of temporary emergency powers granted to the President. Here is the full text of the Memorandum.]

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Implementing Rules and Regulations of Republic Act No. 9856, otherwise known as the Real Estate Investment Trust (REIT) Act of 2009: Table of Contents, Full Text

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SEC Memorandum Circular No. 1, series of 2020, containing “The Implementing Rules and Regulations of Republic Act No. 9856, otherwise known as the Real Estate Investment Trust (REIT) Act of 2009, was published at the PDI and Philippine Star, and filed with the UP Law Center, on 23 January 2020. The REIT Rules took effect on 7 February 2020. See Introduction / Salient Points. The full text is available by clicking the link to each item of the Table of Contents:

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Criminal Cases Against LGUs Turning Away Cargoes, Blocking Roads

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There are reports that some Local Government Units (LGUs) have been intercepting cargoes, including those delivery food and medical products, and stopping them from entering or passing through their respective territories. Even when these trucks are allowed to pass through, it takes forever to reach their destination because of the endless number of checkpoints and the varying policies implemented in each checkpoint. Worse, there may be instances when roads are blocked and rendered impassable.  

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Full List of Emergency Powers Granted to the President under the “Bayanihan to Heal As One Act” (Republic Act No. 11469)

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The “Bayanihan to Heal As One Act” (Republic Act No. 11469) grants Emergency Powers to President Rodrigo R. Duterte in order to address the national emergency brought about by the Coronavirus Disease 2019 (COVID-19). Under R.A. 11469 (update: implementing directives), the President shall have the power to adopt the following temporary emergency measures to respond to crisis brought by the pandemic:

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