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DOF mulls mining tax tweaks for royalties, windfall profits

The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

From horsepower to heart: PUV modernization

Imagine a household where the aging structure is no longer safe nor efficient......»»

Category: newsSource:  philstarRelated NewsFeb 6th, 2024

Tallest Megaworld hotel to rise in Pasig

Real estate giant Megaworld is building the tallest hotel development in its portfolio - a 31-story structure inside the company’s 12.3-hectare ArcoVia City township along C5-Road in Pasig City......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 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

Negros Island Region isasabatas na

Tiniyak ni Pangulong Bongbong Marcos na lalagdaan niya ang panukalang batas na lilikha sa Negros Island Region (NIR). The post Negros Island Region isasabatas na first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 8th, 2024

Wage determination should be region-specific: Dole-Davao

AN OFFICIAL from the Department of Labor and Employment-Davao Region (Dole-Davao) said that the determination of wages should be region-specific, taking into consideration socio-economic conditions, purchasing power, and poverty thresholds......»»

Category: newsSource:  sunstarRelated NewsMar 12th, 2024

WHO sounds alarm over rising measles cases in Western Pacific region

MANILA, March 1 (Xinhua) -- The World Health Organization (WHO) on Friday expressed alarm over a 255 percent increase in measles cases in 2023 from a year earlier in the Western Pacific Region due to gaps in vaccination coverage, disease surveillance, and travel of people from countries experiencing outbreaks. The UN health agency said the region recorded 5,044 cases in 2023, higher than that in 2021 and 2022 co.....»»

Category: sportsSource:  abscbnRelated NewsMar 3rd, 2024

WHO sounds alarm over rising measles cases in Western Pacific region

MANILA, March 1 (Xinhua) -- The World Health Organization (WHO) on Friday expressed alarm over a 255 percent increase in measles cases in 2023 from a year earlier in the Western Pacific Region due to gaps in vaccination coverage, disease surveillance, and travel of people from countries experiencing outbreaks. The UN health agency said the region recorded 5,044 cases in 2023, higher than that in 2021 and 2022 co.....»»

Category: newsSource:  philippinetimesRelated NewsMar 2nd, 2024

P38 daily wage hike for Davao region workers

DAVAO CITY (MindaNews / 20 February) – The Regional Tripartite Wages and Productivity Board-Davao Region (RTWPB-Davao) has approved a P38 daily increase for minimum wage earners in the region, to be implemented in two tranches starting next month. In an announcement released by the Department of Labor and Employment (DOLE)-Davao on February 19, it said […].....»»

Category: newsSource:  mindanewsRelated NewsFeb 22nd, 2024

Shear line damages P172-M worth of agri products, infra in Davao region

DAVAO CITY (MindaNews / 23 January) – The recent heavy rains brought by the shear line destroyed at least P172 million worth of agricultural products and infrastructure in the Davao region. Data from the Department of Agriculture – Davao region (DA-Davao) said the initial damage to palay, corn and other high-value crops reached P145.3 million. […].....»»

Category: newsSource:  mindanewsRelated NewsJan 23rd, 2024

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......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Floods displace 83,000 families in Davao Region

DAVAO CITY (MindaNews / 19 January) – Floods brought by heavy rains due to a shear line have uprooted a total of 83,158 families or 349,183 individuals in Davao Region, according to the Office of Civil Defense (OCD) regional office. OCD-Davao Region spokesperson Franz Irag said that as of Friday, 3,648 families or 14,685 individuals […].....»»

Category: newsSource:  mindanewsRelated NewsJan 20th, 2024

Norway sees stronger economic ties with Philippines

Norway expects trade with the Philippines to continue to rise, supported by an existing free trade agreements (FTAs) and the growing market that will encourage more Norwegian firms to do business in the country......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

EA, Cheska and Matt recall learning the ropes of ‘Bubble Gang’ comedy

As any show keeps up with the times and trends, it has to offer new segments as well as add new talents to its existing lineup......»»

Category: entertainmentSource:  philstarRelated NewsApr 25th, 2024

Philippines pushes inclusion in US-Japan minerals deal

The Department of Trade and Industry is urging the US and Japan to include the Philippines in the existing critical minerals agreement of both countries......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

PPA readies P1.5 billion for Leyte, Bohol port projects

The Philippine Ports Authoritywill spend more than P1.5 billion to construct a new port in Leyte and expand an existing one in Bohol to boost trade activities in Visayas......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Union Bank announces P17-B stock rights offering

Union Bank disclosed that it plans to conduct a stock rights offering to sell 450,204,078 UBP common shares to existing UBP shareholders at a price somewhere between P33.73 and P38.23 per share......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Marcos orders review of disabled soldiers’ separation benefits

In his speech during the commemoration of Day of Valor, Marcos ordered the defense, budget and finance departments to study the existing separation benefits “to see if they are commensurate with the sacrifices they have made.”.....»»

Category: financeSource:  philstarRelated NewsApr 9th, 2024

Marcos orders review of disabled soldiers’ separation benefits

In his speech during the commemoration of Day of Valor, Marcos ordered the defense, budget and finance departments to study the existing separation benefits “to see if they are commensurate with the sacrifices they have made.”.....»»

Category: financeSource:  philstarRelated NewsApr 9th, 2024

2,000 Cebu farmers benefit from NIA’s irrigation system

An areal view of farmers tending their crops. | Photo from NIA-7 CEBU CITY, Philippines — Thousands of Cebu farmers benefitted from existing irrigation systems of the NIA or National Irrigation Administration the agency’s regional office said. Cebu City Mayor Michael Rama recently declared a “state of calamity” in some mountain barangays in the city.....»»

Category: newsSource:  inquirerRelated NewsApr 4th, 2024