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Visayan Electric calls on more biz customers to enroll in ILP
To lessen the impact of possible power shortages in the Visayas Grid on Visayan Electric customers, the electric utility is calling for more of its commercial and industrial customers to enroll in the Interruptible Load Program (ILP). ILP is a voluntary, demand-side management program where business customers of a distribution utility with loads of at.....»»
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......»»
4Ps beneficiaries attend financial literacy orientation
Some 58 beneficiaries of Pantawid Pamilyang Pilipino Program (4Ps) attended the orientation for the pilot implementation of the 4Ps Digital Financial Literacy Program on Saturday (February 24) at the Department of Social Welfare and Development’s (DSWD) Central Office Auditorium in Quezon City. Representatives from the Landbank of the Philippines (LBP); Bank of the Philippine Islands […].....»»
Anxiety About Money
If I had a million dollars. We often think of money as a fast track to satisfaction. Yet Ecclesiastes 5:10 points out that the lover of money will never be satisfied. There is never an amount of money that is enough. Money promises security, but it never completely delivers. If money can’t bring us real […].....»»
What is the future of Philippine Financial Literacy?
What is the future of Philippine Financial Literacy?.....»»
A Quick Guide to Online Gambling and Financial Responsibility
With the rise of PAGCOR accredited online gambling platforms, many individuals are drawn to the allure of quick wins and entertainment. However, the world of online gambling will require extreme caution and financial responsibility to avoid potential pitfalls and safeguard one’s financial well-being. Understanding the Risks Online gambling can be enticing, but it comes with […].....»»
Lapu-Lapu schools return to face-to-face classes – Chan
LAPU-LAPU CITY, Cebu — Lapu-Lapu City Mayor Junard “Ahong” Chan announced the return of face-to-face classes for public schools starting today, April 17, 2024. However, in a Facebook post, Chan said that the face-to-face classes shall only be scheduled from 6:00 a.m. to 10:00 for morning classes and 3:00 p.m. to 6:00 p.m. for afternoon.....»»
Ayala cooperative taps STAR to promote media literacy
In a bid to enhance media literacy and help expose the youth to truthful, credible news, Ayala Multi-Purpose Cooperative (Ayala Coop) and The Philippine STAR recently joined forces to implement the READISCOVER program in three pilot schools across the country......»»
Unregistered entities may face more stringent AMLC sanctions
Unregistered designated non-financial businesses and professions that failed to register on time could face more stringent sanctions from the financial intelligence unit, according to the Anti-Money Laundering Council......»»
How to Handle Irate Customers in Your Business
Dealing with irate customers is an inevitable part of running any kind of business. While it can be a challenging and stressful experience when it happens, mastering the art of handling upset customers can turn a potentially negative situation into a positive one. So, how can entrepreneurs effectively manage and diffuse the tension when faced […].....»»
Rights groups urge German, Czech Republic gov’ts to raise lack of accountability, continuing killings
Human rights group Karapatan urged the governments of Germany and the Czech Republic to raise concerns on the “dire lack of accountability and the continuing killings in the Philippines” as Ferdinand Marcos Jr. is on a state visit in the said countries. The post Rights groups urge German, Czech Republic gov’ts to raise lack of accountability, continuing killings appeared first on Bulatlat......»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
DepEd urged to address staffing shortages to deload teachers of admin tasks
Educators from different schools in Luzon explained that while lightening teachers’ workload is an urgent need, there are not enough non-teaching personnel to deload them of administrative duties and hiring more personnel is not a guarantee in all districts......»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Your Brain Might be Hindering You to Save Money, Here’s Why
Saving money poses a formidable challenge, and surprisingly, our brains might be the culprits behind our financial struggles. Psychological and behavioral quirks create hurdles, necessitating an understanding of these factors to triumph over mental obstacles and attain financial goals through savings. Exploring the psychological and behavioral tendencies that turn saving into an uphill battle reveals: […].....»»
ACLEx holds first face-to-face MCLE in post-pandemic era
This was the first face-to-face lecture series conducted by the Supreme Court-accredited MCLE provider since the COVID-19 pandemic......»»
Himamaylan DepEd to shorten face-to-face classes
Himamaylan DepEd to shorten face-to-face classes.....»»
Treñas extends suspension of face-to-face classes in Iloilo City due to extreme heat conditions
Treñas extends suspension of face-to-face classes in Iloilo City due to extreme heat conditions.....»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
OCTA poll: Only 1 percent believe Cha-cha is urgent
Only one in every 100 Filipinos identified Charter change as an urgent national concern in a recent survey conducted by the OCTA Research group......»»