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REDC anchor investor buys secondary share stake
This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»
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......»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»
DOF limits tax-exempt status for pickup trucks
The Department of Finance is pushing for only one kind of pickup truck to remain tax-exempt as it insists on the removal of special excise treatment on all other types......»»
British Chamber reiterates concerns on reported changes on minimum access volume
The British Chamber of Commerce Philippines remains concerned of the reported delay of quota distribution to meat importers......»»
Mitsubishi Motors Philippines Go Beyond Limits Tour s first stop: Davao!
Mitsubishi Motors Philippines Go Beyond Limits Tour s first stop: Davao!.....»»
Huangyan Dao is beyond limits of Philippine territory: FM spokesperson
BEIJING, Feb. 2 (Xinhua) -- Huangyan Dao is China's inherent territory, which is beyond the limits of Philippine territory, Chinese foreign ministry spokesperson Wang Wenbin said on Friday. China has indisputable sovereignty over the island and its adjacent waters. China exercises sovereignty and jurisdiction over Huangyan Dao in a continuous, peaceful and effective manner, Wang told a regular press briefing whe.....»»
Huangyan Dao is beyond limits of Philippine territory: FM spokesperson
BEIJING, Feb. 2 (Xinhua) -- Huangyan Dao is China's inherent territory, which is beyond the limits of Philippine territory, Chinese foreign ministry spokesperson Wang Wenbin said on Friday. China has indisputable sovereignty over the island and its adjacent waters. China exercises sovereignty and jurisdiction over Huangyan Dao in a continuous, peaceful and effective manner, Wang told a regular press briefing whe.....»»
St. Michael: “Disease has arrived, and with it, limits will be imposed”
St. Michael: “Disease has arrived, and with it, limits will be imposed”.....»»
BCCP raises concerns over plans to curb meat imports
The British Chamber of Commerce Philippines expressed concerns on the agriculture department’s plan to temporarily suspend the minimum access volume on corn and pork......»»
WATCH, NOW NA: Ancient Korean paintings binuhay sa digital art exhibit ng KCC
KASABAY ng pagdiriwang ng 75 years of friendship ng Korea at Philippines, naglunsad ng bonggang digital art exhibit ang Korean Cultural Center (KCC) sa Taguig tampok ang ancient Korean paintings. Tampok diyan ang apat na ancient Korean paintings mula sa pa sa panahon ng Joseon Dynasty. Apat na traditional paintings ang inihanda ng KCC para.....»»
Concerns conveyed to China over cyber activity
Foreign Minister Winston Peters has confirmed New Zealand's concerns about cyber activity have been conveyed directly to the Chinese Government. "The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity, attributed to groups sponsored by the Chinese Government, targeting democratic institutions in both New Zealand and the United Ki.....»»
Most Filipinos reject Charter change, lifting foreign ownership restrictions
An overwhelming majority of Filipinos oppose changing the 1987 Constitution at this time, according to a new Pulse Asia Survey, with results showing Filipinos in all regions and all socio-economic classes did not support the lifting of foreign ownership restrictions in key industries......»»
Cases vs CPA stem from illegal constructions, not ownership dispute
Cases vs CPA stem from illegal constructions, not ownership dispute.....»»
Teachers oppose 100 percent foreign ownership of schools
Teachers and other education personnel have expressed their opposition to opening up the country’s schools to 100 percent foreign ownership under the proposed Resolution of Both Houses No. 7 currently under deliberations in Congress......»»
EXPLAINER: FB verification on ‘Cebu Updates’ not yet completed. Transfer of ownership, change of name may still be assailed.
EXPLAINER: FB verification on ‘Cebu Updates’ not yet completed. Transfer of ownership, change of name may still be assailed......»»
Ownership debunked, but couple to get house
Ownership debunked, but couple to get house.....»»
Tax revenues jump to P3.4 trillion
The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»