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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......»»
Tell it to SunStar: Common myths about clean energy transition in the Philippines
Tell it to SunStar: Common myths about clean energy transition in the Philippines.....»»
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: […].....»»
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......»»
Two Costly Marketing Missteps Small Businesses Must Avoid
Marketing is a crucial tool for any small business looking to grow its customer base, increase revenue, and establish a foothold within its industry. However, many businesses make common marketing mistakes that can hinder their progress and ultimately lead to missed opportunities. Here are two such missteps that small businesses must avoid at all costs. […].....»»
12 years in prison, political prisoner wants freedom on his 85th birthday
"There are no further obstacles that should hinder Tatay Gerry's release as the Board of Pardons and Parole issued a recommendation for the commutation of his sentence to a definite prison term of 12 years." The post 12 years in prison, political prisoner wants freedom on his 85th birthday appeared first on Bulatlat......»»
Another money changer gets license revoked by BSP
The Bangko Sentral ng Pilipinas (BSP) has cancelled the registration of another money changer as the regulator continues to ramp up its campaign against illegally operating money service businesses (MSBs)......»»
Valentine’s Day tips for talking about money as a couple
NEW YORK (AP) — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the most common reasons couples separate, said Emily Simonian, head of clinical learning at Thriveworks, a mental health company......»»
Changing Your Mindset on Money
Changing your mindset on money is not all about being able to budget your monthly income, as there are more scenarios that need thorough thinking. Here are two pivotal aspects: the art of saving over spending and the ability to discern needs from wants through strategic investments. Embracing the Savings Mindset Financial stability requires a […].....»»
Enlightening Discussion: Attention SC
Facts or myths. Modernity or absurdity. Sharing with you, this short (13-minute) Youtube video of DZXL news program/discussion with Atty. Claire Castro, re the PUV Modernization Program — for added / important enlightenment of your readers regarding the issue. Please watch it fully. PUV MODERNIZATION PROGRAM– PÀMATÁY SA MARALITANG PILIPINO?! PINIPILIT ANG MGA DRIVERS NA […].....»»
7 Common Myths About Weight Loss Debunked
Losing weight can be a challenging process full of trial and error. With so much confusing and conflicting information out there on the best methods.....»»
Philippines remains on FATF gray list
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing regime, according to global dirty money watchdog Financial Action Task Force......»»
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......»»
Banking 101: Unmasking Financial Lingo
Hey friends, ever get stuck in a conversation where financial terms sound like a different language? Don’t worry, we’ve got your back! Let’s break down some everyday bank talk in a way that won’t leave you scratching your head. Interest Rates First off, “Interest Rates” – it’s the cost of borrowing money or the high-five […].....»»
WAO: Earth Run PH a success
We Are One (WAO)-Philippines is thrilled to announce that the “Earth Run 2023: Peace Heritage” which was held on 29 October 2023 at the City of Imus Grandstand and Track Oval (CIGTO) was an outstanding success......»»
BingoPlus Night 2024 marks BingoPlus’ second year of success
BingoPlus, your comprehensive entertainment and amusement platform and the first online Bingo app in the country, hosted BingoPlus Night 2024 last March 1, 2024 in celebration of another year of success and growth. In commemoration of reaching a significant milestone, BingoPlus pulled all the stops to put together an anniversary event that everyone could enjoy.....»»
Compassion in Business
Strategies and tactics often take center stage in a business, there’s a subtle yet powerful element that holds the potential to transform such ventures—compassion. As small businesses strive for success, incorporating compassion in your company’s core values can pave the way for sustainable growth and enduring success. Here are some ways on how compassion can […].....»»
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......»»
BSP: Digitizing microfinance services will boost financial inclusion
Digitizing microfinance institutions could promote further financial inclusion in the country as borrowers from the unserved and underserved segments of the population will be able to access a wider range of financial services......»»
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 […].....»»