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DBM: P175.9 million for DOST scholars, researchers OK’d
The Department of Budget and Management (DBM) has approved the release of P175.902 million for the implementation of the Grants-in-Aid (GIA) program of the Department of Science and Technology-Philippine Council for Health Research and Development (DOST-PCHRD)......»»
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......»»
Budget surplus unlikely to last – Recto
The record budget surplus in January is unlikely to be sustained over the coming months, more so for the rest of the year, but the government is not worried so long as revenue targets are achieved, according to Finance Secretary Ralph Recto......»»
China maintains defence budget growth despite economic travails
Hong Kong, March 12 (ANI): At the 14th National People's Congress, China announced its defence budget for 2024 and interestingly maintained the growth rate of its military expenditure at precisely the same percentage as last year, as Chairman Xi Jinping continues to prioritize the People's Liberation Army (PLA) at the expense of other sectors of government funding. Indeed, according to figures released on the opening day.....»»
P4.57 trillion in agency budget released
Nearly 80 percent of the record P5.768 trillion budget for the year has been released as the government ramps up implementation of various programs......»»
Adjusting Your Budget for Unforeseen Circumstances
Life throws curveballs, and sometimes those curveballs will hit your wallet hard. From unexpected medical bills to car repairs more than what you allocated under “car maintenance,” unforeseen circumstances can disrupt your carefully crafted budget. There are ways to go about this, though. Here are some ways you can adjust your spending plan effectively when […].....»»
DavOro guv refutes claims she barred dept heads from attending SP budget proceedings
DAVAO de Oro Governor Dorothy "Dotdot" Gonzaga clarified the information released by the Office of Vice Governor Jayvee Tyron Uy that among the factors of the delay of the approval of the Calendar Year Executive Budget for 2024 was because she prevented the department heads of the provincial local government unit from attending the Sangguniang Panlalawigan (SP) proceedings......»»
DSWD plans to do away with seniors’ booklets
The Department of Social Welfare and Development (DSWD) on Friday said it plans to do away with the purchase booklets that senior citizens use for record-keeping when availing themselves of discounts on medicines and other essential goods. A recent position paper by DSWD’s Program Management Bureau (PMB) proposes that the booklets—where drug store or supermarket staff note down.....»»
P120 million allotted for new NLEX interchange in Pampanga
Up to P120 million has been allocated by the Department of Budget and Management for the construction of a new interchange of the North Luzon Expressway in Sto. Tomas, Pampanga.....»»
Kinapos sa budget: Reader’s Digest UK tinuldukan na
Makalipas ang 86 na taon, nagpaalam na ang Reader's Digest UK. The post Kinapos sa budget: Reader’s Digest UK tinuldukan na first appeared on Abante......»»
DMW’s new 10-point agenda to run on lesser 2024 budget
New Department of Migrant Workers Secretary Hans Leo Cacdac will prioritize overseas Filipino workers' protection and financial leverage despite his agency receiving a lower budget this year by some P2.935 billion......»»
Touring Osaka, Kyoto, and Nara on a budget
Touring Osaka, Kyoto, and Nara on a budget.....»»
55% in SEA ready for domestic travel for safe, budget-friendly destinations
55% in SEA ready for domestic travel for safe, budget-friendly destinations.....»»
B.C. s Filipino community celebrates federal budget nod to new cultural centre
Members of British Columbia's Filipino community say they're happy to see support in this week's federal budget to build a centre for their community......»»
House of Representatives ratifies bicam report on P3.002-T national budget for 2016
MANILA, Dec. 17 (PNA) — The House of Representatives assured there will be no reenactment of this year’s national budget by ratifying Wednesday night the bicameral conference committee report on House Bill........»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Budget shortfall unlikely to return to pre-COVID-19 level — DBCC
Nearly two years into the term of the Marcos administration, government economists acknowledged that reducing the country’s budget deficit would take longer than initially projected amid the need to still support key programs despite a limited fiscal space, with returning to pre-COVID levels unlikely to happen in the short-term......»»
Government budget back to deficit in February
The government reverted back to a budget deficit in February after a quick surplus at the start of the year, but a narrower gap can still be expected as the tax season draws near......»»
Xinhua world economic news summary at 0900 GMT, April 1
MANILA -- The Philippine government's budget deficit increased to 164.7 billion pesos (2.93 billion U.S. dollars) in February, the country's Bureau of the Treasury said Monday. "The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said. With the February turnout, the bureau said the year-to-date fiscal balan.....»»