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Fisker reportedly hires bankruptcy consultants [Updated statement from Fisker]
Electric vehicle manufacturer Fisker is facing financial turmoil as it reportedly hires restructuring advisers to navigate a potential bankruptcy filing, as reported by the Wall.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Mga sinungaling! : Eat Bulaga denies shutting down due to bankruptcy
"Eat Bulaga" hosts Tito Sotto and Joey de Leon addressed naysayers spreading that the noontime show is ending soon due to bankruptcy......»»
Fabric and craft company JOANN Inc. files for bankruptcy – The Daily Guardia
JOANN Inc., a popular fabric and craft company based in Hudson, has recently filed for bankruptcy in Delaware State. The Chapter 11 petition listed assets.....»»
Palworlds Monthly Server Costs Reach $500k – The Daily Guardian
Title: Palworld’s Phenomenal Success Puts CEO in a Bind: Rising Server Costs Threaten Bankruptcy Subtitle: Indie Game Palworld Surpasses Records with 19 Million Copies Sold,.....»»
The Mystery of Post-Inflation Stability: Exploring Economic Uncertainty
Inflation, a sneaky force eating away at our financial stability, makes us wonder: what happens after its rampage? Do things settle back to normal, or are we stuck dealing with the aftermath? Inflation is simply prices creeping up over time, quietly changing our financial landscape. Think of your favorite café inching up its prices or […].....»»
Fitch keeps credit rating of 5 Philippine banks
Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»
Moody’s, Fitch research arms see rate cuts in 2nd half
The research units of the Moody’s and Fitch Group expect the Bangko Sentral ng Pilipinas to cut rates in the second half , reversing a tightening cycle that saw key policy rates rise by 450 basis points......»»
Xinhua world news summary at 0700 GMT, April 22
MANILA -- More than 16,700 Philippine and U.S. troops started their largest-ever annual joint military drills on Monday amid criticisms that the drills threaten regional peace and stability. According to the Philippine military, the 19-day exercises, dubbed "Balikatan 2024," will involve around 5,000 Philippine and 11,000 U.S. troops, making it the largest iteration of the Philippines-U.S. joint drills conducted.....»»
Struggling with credit card debt: Renters and low-income individuals fall behind – The Daily Guardian
Title: Financial Challenges Persist for Certain U.S. Population Despite Strong Economy Subtitle: Rising inflation, credit card debt, and student loan burdens threaten the financial well-being.....»»
Striking drivers, operators face financial woes
For single-unit operators like Chel Mallonga, 45, the impact of the government’s Public Utility Vehicle Modernization Program (PUVMP) would be drastic. Once consolidation pushes through, single-unit operators will no longer be granted franchises. The post Striking drivers, operators face financial woes appeared first on Bulatlat......»»
Iza Calzado recalls ‘Beauty Queen’ trauma; why she didn’t join pageants
“Numerous times,” Iza laughingly said when Philstar.com asked if somebody told her she should have joined a beauty contest......»»
Choreographer says quick learners Bini help with dance choreographies
In an exclusive interview with Philstar.com, choreographer Matthew Almodovar shared his observations on Bini's rise in popularity......»»
WATCH: Janella Salvador recalls singing at Jenine Desiderio s gigs
Philstar.com asked Janella Salvador what were the key moments that led her to stage her 10th anniversary concert......»»
Liza Soberano values double cleansing, sunblock in skincare routines
In an exclusive interview with Philstar.com, the actress shared what she currently considers the most important step of her daily skincare routine......»»
Bea Alonzo no longer wearing engagement ring from Dominic Roque
Upon closer inspection into photos Philstar.com took at the event, Bea was photographed no longer wearing the engagement ring she received from her fiancé Dominic, when the businessman and content creator proposed to her in Las Casas FIlipinas de Acuzar last July 18......»»
‘Di ako naghugas ng kamay’: Heart Evangelista on shaking Lee Min Ho’s hand; Song Hye Kyo, TWICE Mina encounters
In an interview with Philstar.com, the Filipina actress and international fashion influencer shared her experience about personally meeting and shaking hands with the Korean superstar......»»
‘Nag-ROI na s’ya’: Heart Evangelista jokes about P15M Bulgari jewelry; shares birthday wish
Heart told Philstar.com that her gown is by Italian fashion label Pollini, complemented by her two interlocking Bulgari Serpenti Viper necklaces in white and yellow gold......»»
Reviews: Oppenheimer, Barbie, other Oscars 2024 nominees
Here is a compilation of Philstar.com's reviews for some of this year's Oscar nominees......»»
Speed of Cha-cha signatures betrays fake people s initiative campaign, lawmaker says
“I think that the speed that these signatures are being gathered shows that there is indeed an organized effort with a lot of resources pushing for this fake people's initiative (PI),” Rep. France Castro (ACT Teachers) said in a message to Philstar.com......»»