The business permits of trisikad operators in Bacolod City will be released today after they have complied with all the requirements, Bacolod Permits and Licensing head Ardis Jaculina said yesterday.

Jaculina said some business permits were withheld earlier by her office pending interpretation of City Ordinance 270 Series of 2000, which devolved the regulation of the trisikads to the barangays. Withheld were the permits of Brgys. 17, 40 and 36, which were not included in the routes specified in C.O. 270.

Tan wins battle with
gov't over hotel

MANILA - Lucio Tan, the Philippines' richest man, has won a legal battle with the government over control of a four-star Manila hotel, court officials said yesterday.

The Supreme Court ruled on Wednesday that the China-born tycoon's 1985 purchase of a holding firm that controls the Century Park Sheraton Hotel was above board, dismissing a government charge that state funds were used in the transaction.

Tan's Sipalay Trading Corp had bought out the shareholdings of state-run Development Bank of the Philippines in Maranao Hotel Resort Corp, then worth P340.7 million ($6.55 million at the current exchange rate).

Tax seminar slated today

The Philippine Institute of Certified Public Accountants-Negros Occidental Chapter and the Bureau of Internal Revenue Region 12 and District 77 in Bacolod City will hold a seminar on the Expanded Value Added Tax 1 p.m. to 5 p.m. today, at the Bacolod Business Inn, a press release from PICPA said.

The seminar, open to bookkeepers and businessmen, will include a briefing on the new EVAT form, 70 percent input cap, and the latest issuances of the BIR.

Assessment fee is P300 per person inclusive of seminar materials and snacks.

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