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Grab Philippines commends Marcos, Romualdez on transpo reforms

During the meeting between Grab Holdings, Inc. executives with PBBM, Grab proudly shared its significant contribution to the nation's economy, having eased unemployment by 1.1% from 2019 to 2021......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

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......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Filinvest Development FY23 profit: P12.1-B (up 46%)

Filinvest Development, the Gotianun Family’s mid-tier conglomerate, posted an FY23 consolidated net income of P12.1 billion, up 46% from its FY22 consolidated net income of P8.3 billion......»»

Category: financeSource:  philstarRelated NewsApr 4th, 2024

P12.2M nga drugas nasakmit sa CCPO

P12.2M nga drugas nasakmit sa CCPO.....»»

Category: newsSource:  sunstarRelated NewsMar 28th, 2024

Cavite lotto player wins P12.9 million jackpot

A bettor in Dasmariñas, Cavite won the P12.9-million jackpot in the Regular Lotto 6/42 drawn on Tuesday night, the Philippine Charity Sweepstakes Office announced yesterday......»»

Category: newsSource:  philstarRelated NewsMar 21st, 2024

DOTr needs P12.5 billion to build 200 ports

The Department of Transportation said it needs at least P12.5 billion to build 200 more ports under the Marcos administration, underscoring the need to improve connectivity in remote islands......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

P12 billion cash aid to rice farmers fully distributed by June – Department of Agriculture

The Department of Agriculture (DA) targets to complete the distribution of P12.09 billion cash assistance to nearly 2.4 million rice farmers by the end of the first half after the program was hindered by last year’s election ban......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Universal Robina FY23 profit: P12.8-B (down 12%)

Universal Robina, the Gokongwei Family’s consumer foods manufacturer, posted an FY23 net income of P12.8 billion, which was down 12% from FY22’s P13.6 billion which URC said was a “high base” due to the gains recognized on the sale of land......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

RLC s net income hits all-time high to P12.06B in 2023

RLC s net income hits all-time high to P12.06B in 2023.....»»

Category: newsSource:  sunstarRelated NewsMar 11th, 2024

RLC posts record P12.1 billion profit in 2023

Robinsons Land Corp. raked in a record profit of P12.06 billion in 2023 as malls gained from the recovery of consumer confidence and spending......»»

Category: financeSource:  philstarRelated NewsMar 8th, 2024

P12.9-M worth marijuana plants uprooted in Sulu

Anti-narcotics agents uprooted P12.9 million worth of marijuana shrubs neatly planted in rows in an upland farm in Barangay Masjid Punjungan in Kalingalan Caluang town in Sulu on Sunday......»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2024

Asialink loan releases jump 38% to P12.6 billion

Loans extended by Asialink Finance Corp. jumped by 38.1 percent to P12.6 billion last year from P9.12 billion in 2022, further boosting its lending portfolio......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

Grab tests DriveYourCar service

Ride-hailing giant Grab Philippines is testing the viability of a new service that allows customers with vehicles to hire a driver for almost P2,000 for 12 hours......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Grab contributes up to 0.3 percent to GDP – study

Ride-hailing giant Grab Philippines contributes as much as 0.3 percent to the economy, as a peso spent on the platform generates an additional P3.42 in output, according to a recent report......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

GrabBike relaunch? Grab readying its motorcycle taxis even without approval

As Grab's top brass meet with the President, could the ride-hailing giant be readying to finally crack into the motorcycle taxi market?.....»»

Category: newsSource:  rapplerRelated NewsFeb 22nd, 2024

Angkas to Angcars? Here are the challengers to Grab’s ride-hailing dominance

There are currently six approved transport network companies, with Angkas and possibly InDrive set to join them, but none have yet to truly challenge Grab.....»»

Category: newsSource:  rapplerRelated NewsFeb 3rd, 2024

Angkas to ‘Angcars?’ Here are the challengers to Grab’s ride-hailing dominance

There are currently six approved transport network companies, with Angkas and possibly InDrive set to join them, but none have yet to truly challenge Grab.....»»

Category: newsSource:  rapplerRelated NewsFeb 3rd, 2024

Duterte using cops, soldiers for power grab – Bayan

The military and the police should not allow themselves to be used by former president Rodrigo Duterte in his desire to grab power by ousting President Marcos, cause-oriented group Bagong Alyansang Makabayan (Bayan) said yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 2nd, 2024

CRMC, USJ-R grab 2nd wins in Sinulog Cup

CRMC, USJ-R grab 2nd wins in Sinulog Cup.....»»

Category: newsSource:  sunstarRelated NewsJan 19th, 2024

Prince Harry loses bid to appeal UK security ruling

Prince Harry will not be allowed to appeal the downgrading of his personal security when he visits Britain......»»

Category: newsSource:  philstarRelated NewsApr 16th, 2024