We are sorry, the requested page does not exist
Government debt payments rise to record P1.6 trillion
The country’s debt service registered a record P1.6 trillion last year, exceeding the program, as the government aggressively moved to cut mounting obligations......»»
COBI urges water district to comply with contractual obligations
Cagayan de Oro Bulk Water Inc. has emphasized the importance of having a cooperative partnership with the Cagayan de Oro City Water District......»»
SSS offers loan condonation program
State-run pension fund Social Security System has called on its members with unsettled loans to avail themselves of the agency’s condonation program and clear out their obligations......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
ALI to raise P50 billion in debt capital
Property giant Ayala Land Inc. is raising up to P50 billion in debt capital this year to refinance maturing obligations and partially fund general corporate requirements......»»
BPI eyes return to debt markets in 1st half
Bank of the Philippine Islands is looking to tap the local and foreign debt markets within the first half of the year to raise funds to refinance its maturing obligations and beef up its lending portfolio......»»
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......»»
BIR ramps up tax compliance drive
The Bureau of Internal Revenue has initiated a nationwide tax compliance drive to boost awareness and encourage taxpayers to pay their obligations......»»
Over 600-K affected by shear line in Davao
Over 600,000 people in Davao Region were affected by a shear line, causing unprecedented damage and extensive flooding and landslides. The regional director of the Office of Civil Defense-Davao Region emphasized the need to address these issues and called for collaboration to prevent future disasters. The agriculture sector suffered over P50 million in damages, while infrastructure incurred around P25 million in damages. The report also highlighted the impact on road sections, bridges, and houses, with significant assistance provided by OCD-Davao. Plans are underway for a region-wide flooding dialogue and realignment of projects with disaster prevention efforts in collaboration with the Department of Public Works and Highways. Related stories include urging proactive measures in establishing disaster services at barangays and the expedited release of aid for Davao disaster victims......»»
Disney+ Loses 1.3 Million Subscribers After Price Hike
Disney+ has seen a decline in its subscriber base by 1.3 million following a price increase implemented in the final quarter of 2023 while being able to mitigate losses by a noteworthy $300 million. During the Q1 FY24 Earnings Call, Disney revealed that Disney+ witnessed a drop from 112.6 million subscribers on September 30, 2023, […].....»»
PLDT proposes $3 million settlement in US budget mess suit
Integrated telco PLDT Inc. has proposed to settle $3 million, or around P165 million, to resolve a class action suit filed against it in the US over its budget fiasco......»»
Investors pour over $700 million into Philippine digital banks
Global and local investors have poured over $700 million (around P40 billion) into the country’s digital banking sector to support the industry’s growth and potential to reshape the online financial landscape......»»
MIAA sees over 1 million arrivals this Holy Week
The Manila International Airport Authority is expecting an influx of over one million passengers this coming Holy Week......»»
DOT: Philippines welcomes over 1.2 million tourists
Over 1.2 million tourists visited the Philippines from January to March 5 this year, according to the Department of Tourism......»»
Washington state reaches a nearly $150 million settlement with Johnson & Johnson over opioid crisis
Washington state reaches a nearly $150 million settlement with Johnson & Johnson over opioid crisis.....»»
3 Cebu fires on Tuesday raze over P2.4M in properties
CEBU CITY, Philippines — The 3 Cebu fires that struck Cebu on Tuesday burned over P2.4 million worth of properties and left over 400 individuals homeless. On Tuesday, March 19, 2024, firetrucks can be heard blazing through the streets of Cebu City and Talisay City as they responded to 3 separate fires. At around 11:14.....»»
Jobless Filipinos hit 2 million in March 2024 — PSA
During a Wednesday morning press conference, national statistician and PSA chief Claire Dennis Mapa announced an uptick in the number of unemployed persons aged 15 and above to two million in March 2024, up from 1.8 million in February 2024......»»
EDITORIAL - 40 million without safe water
With a population estimated at 118 million as of January this year, it is disheartening to learn that 40 million Filipinos still lack access to freshwater sources......»»
Stonebridge acquires P500 million shares in RCI
Stonebridge Corp. has purchased 250 million shares or approximately nine percent of Roxas and Co. Inc. for P500 million......»»
Philippines contributes $3 million to ADF
The Philippines is providing $3 million (P171 million) to the Asian Development Bank fund meant to help poor and vulnerable economies in Asia-Pacific......»»