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Landbank account holders can now pay taxes online

MANILA, Philippines — State-run Land Bank of the Philippines launched yesterday an electronic payment system which allows its account holders to pay their ta.....»»

Category: financeSource: philstar philstarOct 13th, 2017

RCBC offers first online forex trading platform

RCBC is now the first bank in the country to offer an online foreign exchange (forex) platform that allows existing clients and account holders to buy and sell currency online. RCBC offers first online forex trading platform Rizal Commercial Banking Corporation (RCBC) is now the first bank in the country to offer an online foreign… link: RCBC offers first online forex trading platform.....»»

Category: newsSource:  manilainformerRelated NewsJul 4th, 2018

Republican Karen Handel beats Jon Ossoff in runoff – The Guardian

Democrats fell short of a special election victory yet again on Tuesday when Jon Ossoff, long the best hope of Democrats to win a special election in the Trump administration, suffered a narrow loss to Republican Karen Handel in the Sixth Congressional District. The race was the latest in a series of special elections in Republican seats where Democrats managed to deliver moral victories – rather than actual victories – as they proved unable to notch a major electoral win in the Trump administration. With 100% of precincts reporting, Handel had 52.7% and Ossoff had 47.3%. Sporadic downpours and flash flood warnings helped to put a damper on Democratic turnout in base precincts and on the hopes of progressives to thwart Republican efforts to repeal and replace the Affordable Care Act. Combined with an energized Republican base that kept Ossoff from accumulating a significant lead among early voters, it doomed the hopes of the anti-Trump activists who made the first time Democratic candidate a minor political celebrity. The runoff came after a first round of voting in April where Ossoff won just over 48% of the vote and Handel finished second in a splintered Republican field with just under 20% of the vote. However, Ossoff struggled to match that total as Handel consolidated the Republican vote in a traditionally conservative district in the northern suburbs of Atlanta and ended up falling a percentage point short of his much hyped performance in the first round of voting. Trump took to Twitter to hail the result as a personal victory “Thank you @FoxNews “Huge win for President Trump and GOP in Georgia Congressional Special Election.” The seat had been vacated by Tom Price when the former congressman joined Trump’s cabinet to become secretary of health and human services and previously held by Republican stalwarts like Senator Johnny Isakson and former speaker Newt Gingrich. Although Price won by 23% in 2016, Donald Trump only narrowly won this wealthy, well-educated district by just over 1%. Trump’s narrow win sparked optimism among Democrats that the district, where nearly 60% of residents have a college degree, could flip as part of the political realignment around the president’s upset victory in 2016. Roughly $50m ended up being spent by both parties and allied groups in the race as it became the most expensive congressional campaign in the history of the United States. However, while Democrats had motivated their base and won over skeptical Republicans, the conservative slant of district proved too much even for the nearly unprecedented resources that Democrats invested in the race, even flying in volunteers for last minute doorknocking as local television stations had been saturated by 30-second advertisements. The two candidates took different tones in their election night speeches after the race was called. Ossoff, speaking to a distraught crowd in a packed ballroom, cast the race in historical terms. “As darkness has crept across this planet you have provided a beacon of hope to people in Georgia and people in around the world,” Ossoff told attendees. He cast the race in broader metaphysical terms. “The fight goes on, hope is still alive,” said Ossoff. In contrast, Handel gave a far more traditional speech. She mentioned the obligation that came with “being the first Republican woman elected to Congress from the great state of Georgia” and cast herself an inspirational story, telling attendees “anything is possible with hard work, inspiration, grit and people that believe in you.” Handel also touched on policy priorities like “finishing the drill on health care” and lowering taxes including repeal of the estate tax. Although the race had been cast a referendum on Trump – an opinion the President seemed to endorse after the result had been reported – both candidates awkwardly danced around his looming presence on the campaign trail. At Handel’s campaign events, Trump’s name went unmentioned by the candidate and introductory speakers. Instead, there was constant refrain of attack on Ossoff for his ties to House minority leader Nancy Pelosi and praise for previous holders of the seat like Price and Gingrich. Ossoff was regularly bashed for the amount of money he raised out of state, for having “San Francisco values” and, particularly, for the fact that he did not actually live in the district. Handel, who suggested in the first televised debate of the campaign that Trump should use Twitter less often, told the Guardian in an interview on Monday that she didn’t pay attention to the president’s use of social media. She said “I am focused on my campaign, I have precious little time to be on Twitter.” Several hours later, her campaign sent out a fundraising email signed by the former secretary of state with the subject line “did you see what Trump just tweeted?” after the President used his ubiquitous social media account to tout her campaign. Ossoff has also been measured in his attacks on Trump in a traditionally Republican district albeit one that the president barely won in 2016. Instead, the lanky and measured political neophyte focused on banal and politically non-controversial issues like government waste and turning Atlanta into “the Silicon Valley of the South” and let the progressive anti-Trump enthusiasm of the Democratic base carry him. Instead, he has focused on Handel’s stint as Georgia secretary of state as well as her brief stint with the Susan Komen Race For The Cure, a charity which combats breast [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJun 21st, 2017

Taxes and churches

Render unto Caesar the things that are Caesar’s, and unto God the things that are God’s. The issue of taxation is not foreign to religion. Jesus, himself was presented with…READ The post Taxes and churches appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 16th, 2018

Wife says Ladlads ATM card lost in police raid, QCPD denies seizing it | News

Fides said the funds in the ATM account includes Ladlad's human rights compensation as a political prisoner during the Marcos regime. "Please just return to us this Landbank card that was pilfered dur.....»»

Category: newsSource:  philippinetimesRelated NewsNov 12th, 2018

Wife says Ladlad’s ATM card lost in police raid, QCPD denies seizing it

Fides said the funds in the ATM account includes Ladlad’s human rights compensation as a political prisoner during the Marcos regime. “Please just return to us this Landbank card that was pilfered during that planting expedition of November 8,” she added. Source link link: Wife says Ladlad’s ATM card lost in police raid, QCPD denies seizing it.....»»

Category: newsSource:  manilainformerRelated NewsNov 12th, 2018

Excise taxes on fuel: Suspension vs rollback

Quite recently, we’ve been discussing the continuing increase of fuel prices in the Philippines, particularly the factors which contribute to such increase. We’ve seen that the rise in fuel prices...READ MORE The post Excise taxes on fuel: Suspension vs rollback appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 3rd, 2018

Anti-inflation measures to stoke budget, trade deficits

Banking giant HSBC believes that government efforts to address above-target inflation will lead to wider budget and current account deficits. Initiatives such as the recommended suspension of a fuel tax...READ MORE The post Anti-inflation measures to stoke budget, trade deficits appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 22nd, 2018

On suspension of excise taxes on fuel

Lately, its been rather painful to have my car refueled, what with the ridiculously expensive fuel prices. I drive an SUV, so a full tank of diesel fuel (at 50 liters) would cost a little over P2,400, with the average price of diesel at P48.35 a liter. I could just imagine what the gasoline-driven cars [...] The post On suspension of excise taxes on fuel appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 13th, 2018

How city wildlife has found a new niche on social media

The Instagram account of The Ateneo Wild is gaining fame online for showcasing the wildlife and biodiversity that can be found in the Ateneo de Manila University campus in Loyola Heights, Quezon City. Colorful birds, insects and mysterious fungi are among those that have been featured on the Instagram account, which currently has 523 followers. […] The post How city wildlife has found a new niche on social media appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 8th, 2018

PayMaya expands ‘Add Money’ partners

PLDT digital innovations arm Voyager Innovations Inc. has made it easier for PayMaya account holders to add funds to their digital wallet with an expanded “Add Money” channels......»»

Category: financeSource:  philstarRelated NewsOct 6th, 2018

Waiver of prescriptive period to assess tax

A part of taxpayer’s due process rights under law is to be subject to a tax audit and assessment (for deficiency taxes) by the BIR only within certain defined periods, known as “prescriptive periods.” If the BIR does not make a tax assessment within the prescriptive periods, the BIR will be forever barred from making [...] The post Waiver of prescriptive period to assess tax appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 3rd, 2018

Energy dept wants changes to Train law

The Energy department wants Congress to consider amending the Tax Reform for Acceleration and Inclusion (Train) Act to facilitate a halt to higher taxes on fuel products. Energy Assistant Secretary Leonardo Pulido 3rd told reporters that the department was studying the impact of rising fuel prices and also looming tax adjustments mandated under the Train [...] The post Energy dept wants changes to Train law appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 2nd, 2018

7 arrested for online love scam

Seven persons were arrested for allegedly defrauding a seaman of P600,000 using a fake Facebook account to convince him he was in love with a woman he met online, the Philippine National Police said yesterday......»»

Category: newsSource:  philstarRelated NewsOct 1st, 2018

Blogger faces charges for posting bomb rumors

BLOGGER Andrew “Drew Olivar”, initially known for his controversial video about federalism, will face charges for posting bomb rumors on his social media account, according to Philippine National Police (PNP) Chief Oscar Albayalde on Monday morning. Albayalde’s statement comes after Director Guillermo Eleazar of the National Capital Region Police Office (NCRPO), told reporters on September [...] The post Blogger faces charges for posting bomb rumors appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 24th, 2018

San Miguel submits new airport deal

San Miguel Corp.’s (SMC) bid to develop an airport in Bulacan could soon be challenged after the conglomerate submitted a revised concession agreement to the Transportation department. Transportation Undersecretary Ruben Reinoso Jr. said the revised deal for the development of the New Manila International Airport (NMIA) took into account comments from the department, National Economic [...] The post San Miguel submits new airport deal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 19th, 2018

Peso falls back to P54:$1 level

The peso returned to the P54:$1 level on Monday with an analyst pointing to the country’s trade and current account deficits as triggering the decline. The currency, which added 10 centavos last Friday, opened at P54.10 against the greenback and dropped to as low as P54.28 during the day. It closed at P53.11, down 14 centavos, [...] The post Peso falls back to P54:$1 level appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 18th, 2018

Retain Peza incentives, foreign chambers urge

MEMBERS of the Joint Foreign Chambers of the Philippines said on Wednesday that although they support the government’s move to reduce corporate income taxes, the incentives enjoyed by firms in areas under the Philippine Economic Zone Authority (Peza) should be retained. In a press conference during the Arangkada Philippines forum, the American, Canadian, European, Japanese, [...] The post Retain Peza incentives, foreign chambers urge appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 12th, 2018

Current account gap seen breaching target

The Philippines could post a wider current account deficit this year—topping the Bangko Sentral ng Pilipinas’ (BSP) target—and in 2019, an ING Bank Manila economist said. “[S]trong domestic demand continues to worsen the trade imbalance and would likely result to a wider current account deficit,” Joey Cuyegkeng noted in a report released on Tuesday. He said [...] The post Current account gap seen breaching target appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 5th, 2018

Higher alcohol taxes eyed by 2020

The Finance department is looking to slap higher excise taxes on alcohol products beginning 2020. Current tax bureau regulations call for a 4.0-percent annual increase in alcohol excise taxes beginning January 2018 while distilled spirits are also levied an additional ad valorem tax of 20 percent based on net retail price (NRP) per proof, excluding [...] The post Higher alcohol taxes eyed by 2020 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 21st, 2018

Valuation of Property Gifts

Last March, the Department of Finance (DoF) issued Revenue Regulations (RR) No. 12-2018, the consolidated regulations governing the imposition and payment of estate and donor’s taxes, implementing the provisions of Republic Act (RA) 10963, or the “Tax Reform for Acceleration and Inclusion” Train Law. The donor’s tax for each calendar year is now at a [...] The post Valuation of Property Gifts appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 18th, 2018