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Solon bats for expansion of motorcycle taxis outside Metro Manila
A House lawmaker has voiced his support for expanding the government's allotment of motorcycle taxis outside Metro Manila as the Land Transportation Franchising Regulatory Board is set to greenlight the participation of more players in its pilot study......»»
Stop motorcycle taxi expansion, Marcos urged
Various transport groups yesterday appealed to President Marcos to stop the expansion of motorcycle taxis in Metro Manila amid the impending decision of the Land Transportation Franchising and Regulatory Board o authorize several companies as players in the pilot study......»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
Medical, burial aid guidelines set on OVP Davao FB page
Medical, burial aid guidelines set on OVP Davao FB page.....»»
Philippine men’s volleyball coach puts premium on performance for 2025 worlds
Philippine men’s national volleyball team coach Sergio Veloso said that performance will be the main factor in building the team roster for the Federation Internationale de Volleyball (FIVB) men’s world championship next year......»»
Belle Corp sets PLC tender offer price at P0.85/share
Belle Corp and Premium Leisure Corp were both voluntarily suspended for the day yesterday after BEL disclosed details of its proposed tender offer to acquire PLC’s public float and eventually delist PLC from the exchange......»»
UP s Cansino, Lopez make amends with carnival worker
It seems all is well between UP Fighting Maroons CJ Cansino and Francis Lopez, and the carnival employee who was caught in a mask-grabbing incident earlier in the month......»»
Davao City council amends CCTV ordinance
The 20th Davao City Council has approved the Amended Closed Circuit Television (CCTV) Ordinance of Davao City on its third and final reading. The ordinance aims to ensure the safety and security of the people of Davao without burdening them. Small establishments are exempted from the ordinance, while larger establishments are responsible for maintaining CCTV cameras. Failure to comply may result in penalties, including the suspension or revocation of business permits. The CCTV cameras must be strategically placed to provide maximum coverage. A Technical Working Group will draft the Implementing Rules and Regulations, which will be approved by the City Mayor's Office. The government urges the public to bear with the new ordinance, as it aims to reduce crime and aid ongoing investigations......»»
5 climate change adaptation projects worth P540.3M given the nod
The People’s Survival Fund Board approved at least five climate change adaptation projects, endorsed by the Climate Change Commission amounting to P540.3 million, geared toward increasing the adaptive capacity of local government units to climate change adaptation. Robert E.A. Borje, the CCC Vice-chairperson and executive director, welcomed the latest development in the country’s fight against climate change. “The PSF Board’s approval of these five projects signals a pivotal message on the value of advancing adaptation measures at the local and community level, especially at a time when risks and challenges posed by climate change demand immediate and urgent actions,” he underscored. Borje cited Finance Secretary Benjamin Diokno, the PSF board chairperson, for his leadership and commitment to advancing the objectives of the survival funds. “I also thanked the PSF Board members for their sustained effort and collaboration throughout the review and evaluation, and field validation exercises, which led to CCC endorsement and PSF Board’s project approvals,” he said. The submissions of LGUs from the PSF Board-issued Call for Proposals from February to April 2023 are included in the five projects. Borje said adaptation interventions to be implemented by LGUs include the establishment of climate field schools for farmers, flood protection, river ecosystem management, installation of solar-powered pumps, and mangrove rehabilitation. “With the benefits to be provided by these projects, the PSF will be able to demonstrate effective and sustainable practices on local climate actions, championing the resilience of the most vulnerable sectors to climate change,” he added. The PSF Board approved a Php 2-million Project Development Grant or PDG for the Municipality of Besao, Mountain Province to undertake project preparatory activities such as hydrological and geotechnical studies to establish the rationale of the LGU’s adaptation intervention. The projects’ approval enabled 17 LGUs to receive support from the PSF and its PDG. Among the previously approved projects are from Lanuza, Surigao del Sur; Kitcharao, Agusan del Norte; Gerona, Tarlac; Del Carmen, Surigao del Norte; Sarangani Province; and San Francisco, Camotes Island, Cebu. Borje noted that the CCC, in coordination with the Department of Finance, is working on further streamlining the accession of PSF through enhancement of the processes entailed by project proposals from submission until the approval stage. The PSF was institutionalized in 2012, through the Republic Act 10174, which amends the Climate Change Act of 2009—to include the provision of long-term finance streams to enable the government to effectively address the problem of climate change. It aims to enhance the resilience of communities and ecosystems to climate change. The CCC is likewise mandated to conduct the Climate Rationale Review and Evaluation or CRRE of project proposals submitted for PSF, convening the National Panel of Technical Experts to look into the climate rationale of projects. The CRRE process takes into consideration the historical and present data, ensuring that projects are fit-for-purpose and responsive to specific climate risks and vulnerabilities of an LGU. The post 5 climate change adaptation projects worth P540.3M given the nod appeared first on Daily Tribune......»»
Go wants update of indigent seniors list
Senator Christopher “Bong” Go emphasized the need to update the list of indigent senior citizens, in accordance with Republic Act 11916. The said law also mandates an increase in the pension of indigent senior citizens from P500 to P1,000. RA 11916 or an Act Increasing the Social Pension of Indigent Senior Citizens amended RA 7432, the first Senior Citizens Act. The law was co-authored by Go in the Senate. “This amendment is a step forward in ensuring a better quality of life for our senior citizens. It’s crucial that we provide them with the necessary support to live comfortably,” Go said. Go then cited Section 6 of RA 11916 which mandates the Department of Social Welfare and Development, transitioning later to the National Council for Senior Citizens, to annually update and validate the beneficiary list with the aid of the Philippine Statistics Authority and the local government units. He expressed his concern regarding the need to urgently update the list of beneficiaries, as the number of indigent seniors may have increased over time. “It’s imperative that we review and promptly update the list of beneficiaries to ensure that the aid reaches the senior citizens who are truly qualified to benefit from the law,” Go remarked. Go co-authored and co-sponsored Senate Bill 2028, which was principally sponsored by Senator Imee Marcos. The bill aims to provide additional support to individuals who have reached the age of 80 and 90 years old. This proposal amends the Centenarian Act of 2016, acknowledging that not everyone reaches the milestone of a century. In another development, the senator, upon the invitation of the British group Interparliament Union, joined Senate President Juan Miguel Zubiri and Senator Grace Poe as they represented the Philippine Senate during an official visit to the United Kingdom from October 16 to 18. The post Go wants update of indigent seniors list appeared first on Daily Tribune......»»
Bong Go calls on DSWD, concerned agencies to update list of indigent senior citizens
Senator Christopher "Bong" Go emphasized the need to update the list of indigent senior citizens, in accordance with Republic Act No. 11916. The said law also mandates an increase in the pension of indigent senior citizens -- from PHP500 to PHP1,000. RA 11916 or an Act Increasing the Social Pension of Indigent Senior Citizens amended RA 7432, the first Senior Citizens Act. The law was co-authored by Go in the Senate. “This amendment is a step forward in ensuring a better quality of life for our senior citizens. It's crucial that we provide them with the necessary support to live comfortably,” Go said. “Nandiyan na ang batas. Dapat maimplementa ito ng maayos para mapakinabangan ng taumbayan lalo na ng mga matatanda na sakop ng batas na ito. Ibigay dapat ang nararapat sa kanila at huwag patagalin pa,” he stressed. Go then cited Section 6 of RA 11916 which mandates the Department of Social Welfare and Development (DSWD), transitioning later to the National Council for Senior Citizens (NCSC), to annually update and validate the beneficiary list with the aid of the Philippine Statistics Authority (PSA) and the local government units. Go expressed his concern regarding the need to urgently update the list of beneficiaries, as the number of indigent seniors may have increased over time. "It's imperative that we review and promptly update the list of beneficiaries to ensure that the aid reaches the senior citizens who are truly qualified to benefit from the law," Go remarked. Go also co-authored and co-sponsored Senate Bill No. (SBN) 2028, which was principally sponsored by Senator Imee Marcos. The bill aims to provide additional support to individuals who have reached the age of 80 and 90 years old. This proposal amends the Centenarian Act of 2016, acknowledging that not everyone reaches the milestone of a century. He emphasized the cultural significance of caring for the elderly in the country and highlighted the importance of providing them with financial support while they can still benefit from and enjoy it. “Nasa kultura na nating mga Pilipino na alagaan ang ating mga nakakatanda. Dapat natin silang suportahan at bigyan ng pagkilala. Habang kaya pang pakinabangan at ma-enjoy ng senior citizen ang cash gift, ibigay na natin sa kanila,” said Go. Just recently, the Office of Senator Go, together with United Senior Citizens Partylist Rep. Milagros Aquino-Magsaysay, the Office of Senator Robin Padilla, and volunteer organizations, spearheaded an activity for senior citizens on Monday, October 16, during the United Senior Citizens Association-Quezon City (USCAQC) General Assembly held at White Twins Court, Quezon Memorial Circle in Quezon City. Around 1,000 attendees were provided with essential goods from Senator Go such as grocery packs, snacks, and shirts while a select recipient likewise received a cellular phone. The participants were also given various forms of assistance from the participating offices to promote the welfare of the elderly. Meanwhile, Go urged senior citizens to utilize the services of Malasakit Centers for medical assistance they might need. Initiated by Go in 2018, the Malasakit Centers program was institutionalized under the Malasakit Centers Act of 2019, which he principally authored and sponsored. There are now 159 Malasakit Centers nationwide that have helped more than seven million Filipinos. “Prioritizing the needs of the underprivileged, especially senior citizens, in public service delivery is paramount. Rest assured, I will continue to support programs aimed at improving the lives of the elderly,” concluded Go. The post Bong Go calls on DSWD, concerned agencies to update list of indigent senior citizens appeared first on Daily Tribune......»»
SEC eases float disclosure rules
Regulator Securities and Exchange Commission, or SEC, has issued guidelines streamlining the requirements for companies seeking to raise funds in the capital market. The Commission on 12 and 21 September issued SEC Memorandum Circular 13 and 14, Series of 2023 to amend Annex C of Rule 12 of the 2015 Implementing Rules and Regulations of Republic Act 8799, or the Securities Regulation Code. Annex C of SRC Rule 12 details the non-financial information that must be disclosed in the registration statements filed with the SEC by corporations issuing securities such as shares of stock, corporate bonds, and commercial papers in order to raise capital. Part III, Paragraph A, Subparagraph 2(a) of Annex C directs a registrant to discuss its “financial condition, changes in financial condition, and results of operation for each of the last three fiscal years” under the Management’s Discussion and Analysis section of its prospectus. MC 13 clarifies that registrants are required to disclose financial information for only two comparative periods for the last three fiscal years. For instance, financial statements for the year ended 31 December 2022 must contain line items showing comparative balances only for 31 December 2022 and 31 December 2021. In addition, the financial statements must contain line items for the comparative balances only for the fiscal years ended 31 December 2021 and 31 December 2020. Risk factors required MC 14 relaxes the requirement for a registrant to provide mitigating factors in the Risk Factors section of its prospectus, making the disclosure optional. Part I of Annex C directs a registrant to provide a description of its business, including a discussion of major risks involved in the company and its subsidiaries. MC14 amends the provision by stating that “[t]he company may include disclosure of the procedures to identify, assess, and manage such risks.” Furthermore, Paragraph C, Part VI of Annex C has been amended such that “[t]he registrant may indicate measures to mitigate the risks” related to its business. Such risks include factors that make the offering speculative or risky such as the absence of operating history, lack of profit from recent operations, poor financial position, or lack of market for the registrant’s securities. “The streamlined procedures are part of the Commission’s efforts to encourage more companies to tap the capital markets for their business expansion needs,” SEC chairperson Emilio Aquino said. The post SEC eases float disclosure rules appeared first on Daily Tribune......»»
A resounding FIBA World Cup hosting success
In 2007, sports patron and prominent business executive Manny V. Pangilinan flew to Geneva to mend the country’s scarred relationship with FIBA when the Philippines was suspended due to a struggle between the Basketball Association of the Philippines and the Philippine Olympic Committee. Over the years, MVP, along with the Samahang Basketbol ng Pilipinas or SBP, were able to make amends and formed a strong bond with FIBA. And as they say, the rest was history. MVP’s vision to host the FIBA World Cup in a tri-nation bid was approved. The country, together with Japan and Indonesia, was granted to host the 2023 FIBA World Cup, with 32 teams competing for the coveted Naismith trophy for the 2023 Last Sunday, the World Cup curtain finally closed, with several records written, erased, and etched in FIBA history. First, the expanded World Cup adopted by the organizers successfully achieved a more competitive playing field. Nine of the 32 that came to this World Cup did not play in the previous World Cup. After two weeks of grueling competition, six of the eight countries that previously entered the quarterfinals in the 2019 World Cup failed to advance to the next round. Argentina, France, Spain, Poland, Australia, and the Czech Republic were eliminated earlier in the group stages, with only the US and Serbia moving to the semi-final round. Second, for the first time since it participated in the tournament, Germany won the World Cup championship, beating all its opponents in the elimination rounds for an immaculate 7-0 and completing an 8-0 game sweep by beating Serbia in the final, 83-77. FIBA secretary general Andreas Zagklis was quoted by AP saying the expanded qualification field “has changed global basketball on the men’s side.” Third, the three host countries had record-breaking attendance, a rousing success for the tri-nation hosting of the world’s biggest basketball show. Across 92 games in 15 days in five different venues (three in Manila, one each in Okinawa and Jakarta), Zagklis said the World Cup drew a total of 700,000 fans pending the final numbers from the bronze-medal match between USA and Canada and Serbia-Germany finale. In the opener on 25 August, the Philippines tallied a World Cup record featuring 38,115 fans who witnessed the thrilling battle between home team Gilas Pilipinas and the Dominican Republic at the Philippine Arena in Bocaue, Bulacan. The milestone highlighted the Philippines’ hosting and smashed the previous record of 32,616 spectators who watched the gold medal match between the USA and Russia in the 1994 games in Toronto, Canada. Zaglis was all praises for the three countries, especially the Philippines, whom he described as an excellent host. “I don’t think it’s easy to find anywhere in the world that has this kind of service to the visitors. Always with a smile and kindness and with a solution-oriented approach. I can only express how grateful FIBA is to the Philippines,” Zaglis said. SBP president Al S. Panlilio had mixed emotions as the FIBA World Cup ended. “We have proven that our country can host a global basketball event as huge as the FIBA World Cup. Everyone involved — the local organizing committee, various private and public stakeholders, volunteers, peace and order personnel, traffic enforcers, the LGUs, and basketball-loving Pinoys who bravely trooped to the venues to watch the games — must be congratulated for making the event a whopping success.” “But there’s also a feeling of extreme bittersweetness as it comes to an end, yet overshadowed by extreme hopefulness for the 2027 World Cup in Qatar,” he added. Panlilio spearheaded the country’s bid for the multiple-nation hosting of the World Cup along with MVP, SBP chairman emeritus, in 2017. He acknowledged what MVP did to bring the FIBA World Cup to the Philippines with his creative vision of bidding for multi-nation hosting. “It was a privilege to help realize that creative vision by collaboratively working with various groups and stakeholders and successfully hosting the World Cup. We are proud of the effort everyone contributed to make this huge undertaking a monumental and amazing feat,” Panlilio said. The post A resounding FIBA World Cup hosting success appeared first on Daily Tribune......»»
Go lauds cultural mapping act okay
In a significant stride towards preserving the rich tapestry of the Philippines’ cultural heritage, Senator Christopher “Bong” Go has expressed his gratitude to President Ferdinand “Bongbong” Marcos, Jr., for signing into law last Thursday, 24 August, Republic Act 11961 aimed at fortifying the conservation of the nation’s cultural legacy through comprehensive cultural mapping. The bill, co-authored by Go, underscores the nation’s commitment to safeguarding its diverse cultural heritage, ensuring its transmission to future generations. Through cultural mapping, local government units are mandated to chart their cultural assets across their respective domains, encompassing both tangible and intangible, as well as natural and built heritage. The measure seeks to ensure that the rich legacy of the nation remains intact and vibrant for future generations. “The passage of this law marks a momentous occasion for the Philippines. By enacting this bill, we are not just preserving physical artifacts, but also the essence of what it means to be Filipino. Our culture is the soul of our nation, and its conservation is a responsibility we all share,” he added. Go said the cultural mapping bill will not only assist in the identification and preservation of tangible heritage but also play a pivotal role in fostering a stronger sense of cultural pride and awareness among Filipinos. Through community involvement and collaboration, the legislation aims to facilitate a more profound understanding of local traditions and promote intergenerational knowledge transfer. Meanwhile, Go likewise lauded the recent approval of Republic Act 11958 which amends Republic Act 6948 to rationalize the disability pension provided to military veterans, thereby recognizing and honoring their dedicated service to the nation. Go served as co-author of the measure. “It is with great pride and gratitude that I share the passage of Republic Act 11958, an essential piece of legislation that amends Republic Act 6948, elevating the benefits and provisions available to our military veterans,” Go said. The enactment of RA 11958 will boost the ongoing efforts to improve the benefits and support offered to military veterans and their dependents. Go said this legislative measure comes as a response to the need for a more equitable and streamlined system of disability pension, addressing the complexities that had previously characterized the process. “Through this legislation, we have taken deliberate steps to address the challenges that have historically hindered our veterans from accessing their rightful benefits. We understand that the existing system needed reform — to be more equitable, streamlined, and responsive to the evolving needs of our veterans and their families,” he said. The post Go lauds cultural mapping act okay appeared first on Daily Tribune......»»
Bring public health services closer
“Health is the greatest of human blessings,” according to Hippocrates, father of Modern Medicine. That is why we continue to make significant strides in improving our health system. The latest of which is the signing into law of the Regional Specialty Centers Act. As the principal sponsor and one of the authors of this measure, I am grateful to President Ferdinand Marcos, Jr., for approving and prioritizing this legislation which will help bring specialized medical care closer to Filipinos in various regions, and hopefully to the most vulnerable groups in grassroots communities. As we aim to make public health more accessible, we must continue such efforts to ensure all Filipinos get the healthcare they deserve. In line with this, the Malasakit Centers we initiated in 2018 have already provided financial medical assistance to more than seven million patients so far. There are 158 Malasakit centers established all over the country through the Malasakit Centers Act of 2019, which I principally authored and sponsored in the Senate. I have also continuously pushed for the establishment of Super Health Centers, which are medium versions of a polyclinic and improved versions of the rural health unit, to make healthcare more accessible to Filipinos even in remote areas. These centers, funded with the help of my fellow legislators and primarily implemented by the Department of Health, shall provide primary health care services in communities that also include consultation, diagnosis, and early detection of diseases. As chair of the Senate Health Committee, I must emphasize the need to bring public health services closer to the people who need them the most. The enactment of the Regional Specialty Centers Act, along with the continuing operations of Malasakit Centers and the establishment of more Super Health Centers nationwide will hopefully bridge this gap and further promote the health and well-being of Filipinos no matter where they are in the country. As a legislator and public servant, I will continue to help improve public service delivery at the grassroots to the best of my capacity so that no Filipino is neglected when it comes to availing government services they need. That is why aside from the health initiatives mentioned above, I also continue to visit communities to deliver assistance, listen to their concerns, and provide solutions to their daily struggles. We were in Laguna on August 25 to inspect the Siniloan Sports Complex which was funded through our efforts as part of our goal as chairperson of the Senate Committee on Sports to promote grassroots sports development and divert our youth from harmful vices like illegal drugs. We then inspected the Isolation Facility of the Infirmary Hospital which we supported during the Duterte administration. We also led the distribution of aid to 500 impoverished residents of Siniloan together with Vice Governor Karen Agapay, Mayor Patrick Go, Vice Mayor Carla Valderrama, and other local officials. Last weekend, I also joined fellow officials and basketball enthusiasts alike in supporting Gilas Pilipinas during the 2023 FIBA World Cup. I commend everyone who took part in ensuring the successful hosting of the FIBA World Cup here in the Philippines. We were invited as a guest speaker on 24 August at the Gender and Development Activity organized by the Provincial Council of Occidental Mindoro. We support these kinds of discussions that aim to promote equal and gender-sensitive leadership. On 23 August, I received the prestigious Apostle Arsenio Ferriol Award of Excellence for Public Service and Governance. I want to express my sincere gratitude to the Pentecostal Missionary Church of Christ (4th Watch) for this very prestigious recognition. With or without an award, I will continue my mission to serve fellow Filipinos, knowing very well that service to the people is service to God. Aside from the awarding ceremony, I also joined them yesterday for their 50th Golden Church Anniversary celebration in New Clark City, Tarlac. I also visited Navotas City on 22 August, together with Mayor John Rey Tiangco and Vice Mayor Tito Sanchez to help 1,000 senior citizens, PWDs, and indigents. We also provided additional support to 1,328 recovering fire victims who were given aid from the National Housing Authority to buy housing materials through their Emergency Housing Assistance Program that we initiated before and continue to support its implementation now. We were also instrumental in the construction of nine public school buildings in Navotas City, some of which we were able to inspect during our visit. My office also continues to assist Filipinos affected by calamities. Among those assisted were typhoon victims in various towns in Cagayan — 500 in Gonzaga; 500 residents in Aparri; 500 in Allacapan; 500 in Pamplona; 500 in Ballesteros; and 500 more in Caoayan, Ilocos Sur. More support was also provided for 35 indigents from different towns of Cotabato Province plus 110 sectoral members in Libungan town; three fire victims of Brgy. Peñaplata in Samal Island; 1,000 residents of Sibalom and almost 250 in Tobias Fornier in Antique; 1,000 beneficiaries in Polomolok, South Cotabato; 66 residents of Malolos Bulacan; 31 residents of General Tinio and 140 more in Gapan, Nueva Ecija. We also extended livelihood support to 14 indigents in Cauayan, Negros Occidental; three farmers in San Lorenzo, Guimaras; and 52 residents of Brgy. Tisa, Cebu City who were previously victims of a fire incident. They were also provided aid through DTI’s Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program, which I pushed for before and continue to support now to boost the livelihood of those affected by various crises. Furthermore, I am also thankful to the President for signing the following into law: Republic Act No. 11961, which I co-authored, amending the National Cultural Heritage Act of 2009, and mandates the creation of a Philippine Registry of Heritage; RA 11958, which I co-authored, that amends RA 6948 to rationalize the disability pension provided to military veterans; and the One Town, One Product Philippines Program, which I authored and co-sponsored, to support the growth of the country’s micro, small, and medium enterprises. While we have accomplished a lot in the past few days in helping those in need and pushing for policies that would uplift the lives of fellow Filipinos, our work must not stop as long as there are more of our kababayans who rely on us for support. As public servants, let us continue to bring the government and its services closer to the people while working together so that no one is left behind toward recovery and progress. The post Bring public health services closer appeared first on Daily Tribune......»»
Ogie Diaz, Suzette Doctolero make amends at GMA Gala
Veteran showbiz reporter Ogie Diaz revealed that he and GMA screenplay writer Suzette Doctolero have reconciled in the recent GMA Gala. .....»»
Marcos adopts new strategy vs money laundering, terrorist and weapon financing
The new EO, dated July 4 and signed by Executive Secretary Lucas Bersamin, amends the Duterte-era EO 68. The Palace has yet to publish the new EO. .....»»
Hostage
That recent report on how a budget airline earned spectacular revenues from rebookings, cancellation fees, and refunds was insane! Seriously, how could an airline get away with that? How can the owners live down this unconscionable business practice? I myself was a victim of this opportunistic policy by the very same airline — and the revelations and mountain of complaints in the recent Senate hearing all validated this usurious practice. In my case, I tried to rebook a confirmed flight to Dubai days before the scheduled flight because something important came up. The Dubai trip was more for leisure so it could be rescheduled to a later date. So I tried to rebook to around the fourth quarter of the year and even thought of canceling or changing the itinerary to another destination. Alas, my only choice with this airline was to rebook to a later date, but not for the other two options I had in mind. Their app wouldn’t allow it. But when I processed the rebooking via their app, lo and behold, the airline was charging me a “change fee” equivalent to the base fare of the one-way trip to Dubai! Now why should I be penalized when my rebooking would not disrupt their operations since it was being done with enough time to spare? I paid the regular fare, not a promo one, and in rebooking I chose the flight schedule with the same base fare as the original one. Now let’s stipulate that there is a rebooking fee that is charged per industry practice. But the question is, why that exorbitant amount when it was like I was buying a new ticket? I would understand if the change fee was minimal but to charge me double? That is highway robbery! Going back to the question of how this airline can get away with murder — well, this is what happens when oligarchy rules, when we really do not have a choice as consumers. This is the byproduct of a flawed Constitution, which is so damn restrictive about business ownership and investment policies that we the consumer are held hostage, most especially in the basics, such as electricity, water, telephone, Internet, and, yes, transportation. We are held hostage to unfair and onerous concessions in the management of the aforementioned utilities, and it is no wonder that because of such anomalies, we are lagging so far behind our ASEAN neighbors. In a matter of time, Vietnam and Cambodia will completely overtake us in terms of real economic growth and infrastructure development, and if nothing game-changing is done in our socio-economic sphere that would spur real growth and opportunities, then we might as well prepare to fight it out with Timor-Leste for the investment pittance or afterthought. It’s really frustrating, especially when we already managed to climb out of the sinkhole, only to have this deja vu feeling of being dragged down by incompetence and apathy. Insofar as the abusive business practice of the budget airline in question, I do hope something definitive is done for its management to make amends and for consumers to be really protected. What this budget airline is doing is bordering on criminals and, seriously, it should not be allowed to get away with it. Otherwise, we will continue to be hostaged to greed. Mark my word. The post Hostage appeared first on Daily Tribune......»»
PSE amends by-laws to tighten quorum for biz transaction, board decisions
The Philippine Stock Exchange pitched a set of amendments to its by-laws, top-billed by increasing quorum when firms decide on a course of action......»»