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Diokno turns over DOF helm to Recto

Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Diokno as Monetary Board member: I’m now cooling down

Former finance secretary Benjamin Diokno says he is now on a cooling down mode as he was sworn in as the last member of the Monetary Board......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Maharlika ready to make first investment in 90-120 days

Maharlika Investment Fund CEO, Rafael Consing, said that the MIF would likely make its first investment “in the next 90 to 120 days”......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

Regulations needed to ensure sustainable salt industry expansion — group

The newly-signed Philippine Salt Industry Development Act needs thorough regulation to ensure a balance between salt production, aquaculture, and environmental sustainability, a group said on Wednesday......»»

Category: newsSource:  philstarRelated NewsMar 20th, 2024

The Toxic “I Am Offended” Mentality: A Hindrance to Cultural Understanding and Appreciation

The Toxic “I Am Offended” Mentality: A Hindrance to Cultural Understanding and Appreciation.....»»

Category: newsSource:  sunstarRelated NewsApr 1st, 2024

Councilor urges social media influencers to observe local laws

The Davao City councilor, Temujin “Tek” Ocampo, has urged social media influencers to familiarize themselves with local ordinances before promoting areas to their followers. Ocampo, who heads the Committee on Environment and Natural Resources, appreciates the promotion of Davao City by social media influencers but emphasizes the importance of understanding local laws before attracting crowds to specific areas. He expressed gratitude for the promotion but highlighted the challenge of controlling the influx of people once a location is featured. Ocampo plans to collaborate with Councilor Al Ryan Alejandre, Chair of the Committee on Tourism and Beautification, to accredit social media vloggers through the local government unit. He underscored the need for accredited vloggers, recognizing their contributions to the city and addressing any mistakes they might make. This initiative aims to balance recognition for positive actions with corrective measures for any missteps. The concerns arose in November 2023 when a Davao City-based environment group criticized a travel vlogger for promoting recreational activities in a river within the Panigan-Tamugan Watershed. Following a waste dumping incident on January 11, 2024, the group urged Dabawenyos, especially vloggers and influencers, to refrain from visiting protected areas for leisure. They emphasize the importance of understanding and respecting rules and regulations before endorsing specific parts of the city......»»

Category: sportsSource:  abscbnRelated NewsJan 29th, 2024

[OPINION] What is needed is culture change, not charter change

'Instead of just tinkering with the system, we need a common frame for understanding and interpreting our own past, for defining who we are and what we stand for as a nation'.....»»

Category: newsSource:  rapplerRelated NewsFeb 19th, 2024

Malixi all geared up for Augusta Amateur debut

Rianne Malixi is channeling her excitement into thorough preparation ahead of her highly anticipated debut in the prestigious Augusta National Women’s Amateur unfolding April 3 in Augusta, Georgia......»»

Category: sportsSource:  philstarRelated NewsMar 26th, 2024

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 […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 5th, 2024

Plugging loopholes and leakages

Less than two years after it took effect, Republic Act 11900, or the Vaporized Nicotine and Non-Nicotine Products Regulation Act, may already need a thorough review in order for our legislators to find out whether indeed there are serious flaws and loopholes in the law and in its implementation and enforcement......»»

Category: financeSource:  philstarRelated NewsJan 26th, 2024

DPWH tallies 268 gov’t and school buildings partially destroyed in Hinatuan quake

The Department of Public Works and Highways (DPWH) in Davao Region reported that a total of 268 school and national government buildings were partially destroyed by the magnitude 7.4 earthquake that struck Hinatuan, Surigao del Sur on December 2. The estimated damage amounted to P108,497,894.84 for school buildings and P1,899,365.60 for national government buildings. The damages included cracks on walls and falling debris such as ceilings. According to Engr. Alexander Turingan of DPWH XI, there were no reported damages in Davao Occidental and Davao del Sur. Franz Irag, Office of Civil Defense (OCD) XI operations head, emphasized the importance of addressing damages to school buildings, which also serve as evacuation centers during calamities. Dean Ortiz, spokesperson of DPWH XI, highlighted the agency's focus on national roads and bridges, clarifying that they will respond to requests to inspect private and government buildings. Architect Kashagar Toghyani, officer-in-charge of the Office City Building Official (OCBO) of Davao City, urged private building owners to promptly engage professional engineers to assess structural integrity, especially for buildings housing more than 10 individuals. He emphasized the necessity of fire inspections and transparency with building occupants to ensure their safety. The recent earthquakes did not affect government buildings in the Davao Region, and DPWH is committed to conducting thorough assessments and ensuring the safety of buildings and their occupants in the aftermath of the quake......»»

Category: newsSource:  sunstarRelated NewsJan 26th, 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

Fire razes huge portion of San Fernando City, La Union public market

A thorough probe was launched into what caused the fire that turned the wet section of the San Fernando City, La Union public market into ashes early Thursday......»»

Category: newsSource:  philstarRelated NewsJan 11th, 2024

Experts: cha-cha not needed to boost economy

Experts: cha-cha not needed to boost economy.....»»

Category: newsSource:  sunstarRelated NewsMar 3rd, 2024

Paknaan’s ‘silhig’ gets needed boost

Paknaan’s ‘silhig’ gets needed boost.....»»

Category: newsSource:  sunstarRelated NewsFeb 14th, 2024

P6.1B needed for right of way

P6.1B needed for right of way.....»»

Category: newsSource:  sunstarRelated NewsFeb 11th, 2024

More Funds Needed For Cebu Brt Project

More Funds Needed For Cebu Brt Project.....»»

Category: newsSource:  sunstarRelated NewsFeb 8th, 2024

Warrantless arrest on Jade Castro ‘baseless’ — FLAG chair

Diokno, who is also a law professor, said that the requisites for performing a warrantless arrest against Castro and the other accused are not met. .....»»

Category: newsSource:  philstarRelated NewsFeb 10th, 2024

Diokno’s back, but Bangko Sentral ‘not sure’ if Ralph Recto will sit in its powerful Monetary Board

'There’s an appointed secretary of finance but me personally, I’m not sure if the secretary of finance will sit as a member of the Monetary Board,' says BSP Deputy Governor Eduardo Bobier.....»»

Category: newsSource:  rapplerRelated NewsJan 20th, 2024

Ralph Recto sworn in as new Secretary of Department of Finance

House Deputy Speaker Ralph Recto [link] was sworn in as the new Secretary of the Department of Finance on Friday, replacing the former Secretary, Benjamin Diokno, in a move that has been seemingly in the works for quite some time......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024