Caritas Financial Plans faces possible liquidation
Pre-need firm Caritas Financial Plans Inc. (CFPI) may be liquidated over the next few months after the government placed it under receivership......»»
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......»»
Caritas Financial Plans faces possible liquidation
Pre-need firm Caritas Financial Plans Inc. (CFPI) may be liquidated over the next few months after the government placed it under receivership......»»
Group demands accounting of Cebu City COVID-19 funds
CEBU CITY, Philippines—A coalition is demanding transparency and accountability for the budget allocated for the coronavirus disease (COVID-19) pandemic response here. The Freedom Debt Coalition composed of various cause-oriented groups in the city said there is a need to show the public a transparent liquidation of the P3.5 billion funds for the pandemic response since […].....»»
Caritas Philippines hits Charter change initiative; says Constitution ‘not a political football’
DAVAO CITY (MindaNews / 12 January) – The social action arm of the Catholic Bishops Conference of the Philippines has expressed its opposition to moves to amend the 1987 Constitution and urged instead the government to “focus on strengthening basic social services, combating corruption, and implementing programs that address the plight of the poor.” In […].....»»
Human ashes, drink container to moon? Plans to do this spark legal debate
WASHINGTON — An array of unconventional, privately funded plans to exploit the moon, including as a site for human ashes and sports-drink containers, has gathered steam in recent years as NASA pushes to make Earth’s natural satellite more accessible. Concerns about possible gaps in U.S. oversight and legal questions about proper use of the moon.....»»
Rama plans to redesign CBRT bus station at Capitol for heritage preservation
CEBU CITY, Philippines – The Cebu Bus Rapid Transit (CBRT) project is facing delays, and the mayor’s new plans might make it take even longer. Mayor Michael Rama wants to remove the planned bus station near the Capitol building because it doesn’t fit with the area’s heritage. He plans to replace it with a new.....»»
Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies
Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»
Focus on onboarding Filipinos into formal financial system urged
The Philippines has made significant progress in pushing financial inclusion since 2015, but more work needs to be done in onboarding Filipino adults into the formal financial system, said Queen Maxima of the Netherlands, the UN Secretary General's Special Advocate for Inclusive Finance for Development......»»
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 […].....»»
Alcaraz faces Zverev in battle of first-time French Open finalists
Alcaraz faces Zverev in battle of first-time French Open finalists.....»»
PrimeWater faces P2.4M penalty if fails to meet promise of uninterrupted water supply
PrimeWater faces P2.4M penalty if fails to meet promise of uninterrupted water supply.....»»
Panabo City mayor faces multiple raps
PANABO City Mayor Jose E. Relampagos faces three cases filed against him by the Sangguniang Panlungsod to the Office of the President (OP)......»»
Driver of overturned truck faces multiple violations
Driver of overturned truck faces multiple violations.....»»
Cebu Football Club introduces new faces for the upcoming PFL season
CEBU CITY, Philippines — The Cebu Football Club (CFC) Gentle Giants continues to overhaul its entire roster after welcoming new faces, including key homegrown players, as the Philippines Football League (PFL) season unfolds in April. The Gentle Giants presented 10 new players, including four Cebu homegrown players, who will comprise its official roster for the.....»»
Vlogger Yexel Sebastian faces P50 billion Syndicated Estafa complaint
Content creator and entrepreneur Yexel Sebastian faces several complaints including one for Syndicated Estafa in a scam involving as much as P50 billion......»»
Tops faces backlash over bus service issue
Tops faces backlash over bus service issue.....»»
Former Olympian Suarez faces Lebron in Texas
Former Olympian Suarez faces Lebron in Texas.....»»
Mama faces world-rated Sandoval in LA
Mama faces world-rated Sandoval in LA.....»»