DOTr includes Normin in granting of cash aid to PUV operators

More than 5,000 public utility vehicle (PUV) operators in the region have become recipients of the P36 million cash aid from the Department of Transportation (DOTr) after Northern Mindanao has been included in the granting of financial assistance to the public transport sector, an official from the Land Transportation Franchising and Regulatory Board-10 (LTFRB-10) said Monday (Nov. 23)......»»

Category: newsSource: davaotoday davaotodayNov 25th, 2020

Reporting standards eyed for payment operators

he Bangko Sentral ng Pilipinas is putting in place regulatory reporting standards for operators of payment systems as it ramps up efforts to transform the country from a cash-heavy into a cash-light economy......»»

Category: financeSource:  philstarRelated NewsJan 2nd, 2021

Reporting standards eyed for payments operators

he Bangko Sentral ng Pilipinas is putting in place regulatory reporting standards for operators of payment systems as it ramps up efforts to transform the country from a cash-heavy into a cash-light economy......»»

Category: newsSource:  philstarRelated NewsJan 1st, 2021

PUV operators get cash grants

Over 119,000 public utility vehicle operators have received cash subsidy from the government as part of social amelioration measures during the COVID-19 pandemic......»»

Category: newsSource:  philstarRelated NewsDec 3rd, 2020

LandBank disburses P717M to PUV operators

The Land Bank of the Philippines (LandBank) announced on Wednesday that it had started releasing cash grants of P6,500 each to 110,359 public utility vehicle (PUV) operators. In a statement, the state-owned lender said the cash grants totaling P717.33 million were disbursed to jeepney and bus operators nationwide under the Cash Subsidy to PUV Operators […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 26th, 2020

Pamamahagi ng cash subsidy sa mga tsuper sinimulan na ng LTFRB

Manila, Philippines – Sinimulan ngayon Miyerkules ng Land Transportation Franchising and Regulatory Board (LTFRB) ang pamamahagi ng ‘direct cash subsidy’  sa mga jeepney drivers at operators na hindi nakamapamasada noong panahon ng pandemya. Ayon sa LTFRB, ang direct cash subsidy ay programa ng gobyerno sa ilalim ng Bayanihan To Heal As One Act II upang […] The post Pamamahagi ng cash subsidy sa mga tsuper sinimulan na ng LTFRB appeared first on REMATE ONLINE......»»

Category: newsSource:  inquirerRelated NewsNov 18th, 2020

DepEd may P1.9B unliquidated cash advances-COA

Manila, Philippines-Umabot sa P1.9 bilyon ang naipong unliquidated cash advance balance sa katapusan ng 2019 ng Department of Education, ayon sa Commission on Audit. Sa kanilang annual audit report para sa DepEd sa taong 2019, sinabi ng COA na ang naipong unliquidated cash advances ng kagawaran ay bunga ng deficiencies sa granting, liquidation at monitorig […] The post DepEd may P1.9B unliquidated cash advances-COA appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsOct 30th, 2020

AREIT buys P5.1-B office mall

AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., has acquired a mall and office development in Pasig City from the real estate giant for P5.1 billion.                 In a disclosure to the Philippine Stock Exchange, AREIT said it is buying The 30th, a 76,000 square meter commercial development located along Meralco Avenue in Pasig City. “The asset will increase AREIT’s portfolio to 246,000 square meters of GLA from 170,000 square meters and will contribute to its net income and dividends in 2021,” AREIT said. The 30th is a commercial development that was planned and developed by Ayala Land and completed in 2017. The office building is fully occupied predominantly by BPO companies. The 30th includes an amenity retail podium which will be operated and leased by Ayala Land from AREIT. Simultaneous to the acquisition of the building by AREIT, ALI will assign the long-term land lease to AREIT. AREIT wil lease office spaces to tenants, and the retail podium to Ayala Land under a fixed lease as operator of the retail spaces. The acquisition will be funded through debt. It will be a cash purchase with the installment schedule to be agreed by the parties. Currently, AREIT has no debt thereby allowing it to acquire assets that are yeld accretive through leverage. “This demonstrates AREIT’s ability to grow its portfolio and add value to its shareholders while its Sponsor, Ayala Land, Inc. can recycle the capital for its real estate projects in the Philippines,” AREIT said......»»

Category: newsSource: NewsOct 24th, 2020

DSWD aids 150 LSIs

The Department of Social Welfare and Development (DSWD) has provided more than P300,000 in financial assistance to over 150 locally stranded individuals (LSIs) in Metro Manila under the government’s “Hatid Tulong” program. In a statement, the DSWD said a P2,000 pre-departure financial assistance has been extended to around 154 LSIs during the third leg of the Hatid Tulong Grand Send-Off last Oct. 19 at the Cultural Center of the Philippines (CCP) Complex, Pasay City. The assistance given to LSIs who returned to Regions 8 (Eastern Visayas), 9 (Zamboanga Peninsula), 10 (Northern Mindanao), 11 (Davao), and 12 (Socsargen) totaled P 308,000, it said. The DSWD said aside from the cash assistance, it also provided Family Food Packs (FFPs), sleeping kits, and hygiene kits to the LSIs. “After receiving assistance, the LSIs were transferred to Pier 13 where they were transported to their respective regions through the help of the Philippine Coast Guard (PCG),” it said. It noted that upon their arrival in their e hometowns, the LSIs are required to undergo a 14-day quarantine to ensure that they are COVID-free. Hatid Tulong is the government’s assistance initiative that seeks to transport back those who were stranded in Metro Manila during the coronavirus lockdown to their provinces. The DSWD noted that the initiative is being led by the Presidential Management Staff and has been implemented in compliance with the health protocols and guidelines to control the spread of COVID-19. Other government agencies that are also involved in the initiative were the Philippine Army (PA), Department of Health (DoH), Department of Labor and Employment (DoLE), Department of Transportation (DOTr), and Department of Agriculture (DA), it said......»»

Category: newsSource: NewsOct 24th, 2020

BOI offers stronger tax perks

For manufacturer Manufacturers in the Philippines are allowed to carry over any operating loss from financial year 2020-2021 as tax deduction from gross income over the next five taxable years, according to the Board of Investments (BOI). BOI Managing Head Ceferino Rodolfo said this has been  allowed under the Bayanihan to Recover as One Act or Bayanihan 2, which provides P165 billion in economic stimulus package. “A range of new financial measures and incentives are now available to manufacturers in the Philippines, thanks to new legislation recently signed into law,” said Rodolfo, who is also Trade and Industry’s Undersecretary for industry promotions group. The ‘Bayanihan 2 Act’ is aimed at helping the Philippines recover from the economic impact of Covid-19. It was signed into law by President Duterte in September. Elsewhere, he said, many qualified manufacturers will be exempt from business taxes, import duties, and other fees on a range of products.  This includes the production of medical equipment and Covid-19 related items such as Personal Protective Equipment (PPE), as well as the raw materials relevant to the manufacturing of these items.  The same relief measures will also apply to the production of equipment for waste management, including waste segregation, storage, collection, sorting, treatment and disposal services.  The Philippine Board of Investments (BOI) is urging manufacturers and other large businesses to take advantage of these provisions. For more details on doing so, businesses can book an appointment with BOI via their Facebook page and speak to a dedicated specialist. Information is also available on BOI’s Covid-19 resource hub for businesses.  “We know that Covid-19 is still having a significant impact on the operations of manufacturers across the Philippines, and we at BOI are doing all we can to help them,” said Rodolfo as he urged   businesses to visit BOI resource hub website and book an appointment with BOI via its Facebook page.  “Our dedicated specialists can help businesses understand more about how they can take advantage of the incentives and support in the Bayanihan 2 Act”  The Bayanihan 2 stimulus package consists of P140 billion of regular appropriations and an additional standby fund of P25.5 billion. Under the law, P3 billion will be allotted for the procurement of personal protective equipment, face masks, and face shields; P4.5 billion for the construction of temporary medical isolation and quarantine facilities and the expansion of government hospital capacity; and P13.5 billion for emergency employment and compensation of health workers. A total of P4.5 billion will be used to finance isolation facilities, hotel accommodation, food, and transportation of Covid-19 patients; and PHP5 billion for the hiring of contact tracers. Other allocations include P13 billion for the cash-for-work program; P9.5 billion for assistance to public utility drivers and other programs of the transportation department; P6 billion for “individuals in crisis” and other programs of the social welfare department; P4 billion for the tourism industry; and P4 billion for the education department’s implementation of digital learning. Bayanihan 2 is the second installment of the Bayanihan to Heal as One Act (Bayanihan 1), which gave Duterte emergency powers to address the Covid-19 crisis in the country. The Bayanihan 1 law, signed by the president on March 25, already expired on June 25, 2020......»»

Category: lifestyleSource:  abscbnRelated NewsOct 18th, 2020

LTFRB vows subsidy for PUVs

The Land Transportation Franchising and Regulatory Board will hand out cash subsidies to drivers and operators of public utility vehicles affected by the COVID-19 lockdown under the Bayanihan recovery plan in exchange for plying the routes for the government......»»

Category: newsSource:  thestandardRelated NewsOct 16th, 2020

OSG must explain P1 million travel cash advances

The Commission on Audit has called out the Office of the Solicitor General for granting P1.169 million worth of cash advances for local and foreign trips of OSG lawyers last year despite the lack of supporting documents......»»

Category: newsSource:  philstarRelated NewsAug 31st, 2020

DOTr hikes subsidy for modern jeepneys to P160,000

In a bid to help public utility vehicle drivers and operators transition to modernized or standardized jeepneys, the Department of Transportation will double the equity subsidy to buy new vehicles from P80,000 to P160,000......»»

Category: newsSource:  philstarRelated NewsJun 25th, 2020

DOTr taps PayMaya for cashless PUV fare

The Department of Transportation has tapped digital financial services firm PayMaya to provide drivers and operators of public utility vehicles access to cashless payment options......»»

Category: financeSource:  philstarRelated NewsMay 28th, 2020

Tinatayang P8.8B fuel subsidy para sa PUV operators aprubado na ng IATF: DOTr exec

Manila, Philippines – Inaprubahan na ng inter-agency task force ng pamahalaan na humahawak sa COVID-19 response ang mungkahing 30 porsyentong fuel subsidy para sa operators ng public utility vehicles na apektado ng mahigpit na quarantine protocols, ayon sa isang opisyal ng Department of Transportation (DOTr) nitong Lunes, Mayo 11. “As of the latest feedback po, […] The post Tinatayang P8.8B fuel subsidy para sa PUV operators aprubado na ng IATF: DOTr exec appeared first on REMATE ONLINE......»»

Category: newsSource:  remateRelated NewsMay 11th, 2020

DSWD-7 starts posting list of SAP beneficiaries on its website

CEBU CITY, Philippines — To show transparency, the Department of Social Welfare and Development (DSWD) Field Office VII is now posting on its website the list of beneficiaries who received the emergency cash subsidy under the Social Amelioration Program (SAP). In a news release posted on its website, DSWD-7 said the list includes the names […] The post DSWD-7 starts posting list of SAP beneficiaries on its website appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMay 8th, 2020

SEC Issues Cease and Desist Order Against 4 Lending Applications

The Securities and Exchange Commission (SEC) has ordered the operators of four online lending applications to cease and desist from offering and providing loans to the public. The cease and desist order issued by the Commission En Banc on April 14 covers CashAB, CashOcean, KwikPeso and Little Cash, together with their owners, CashAB Lending Corp., […].....»»

Category: newsSource:  metrocebuRelated NewsApr 27th, 2020

PHI team fencer Esteban leads drive to help COVID-19 frontliners

National athlete Maxine Esteban continues to serve the country even off the fencing piste. Esteban is doing her part to help the medical frontliners and communities affected by the coronavirus (COVID-19) pandemic. The Ateneo de Manila University sophomore together with her sisters, launched a fundraising drive named "A Small Thing Goes A Long Way." "Well, at first I wanted to make my break productive. I really thought of how I can do my part as a Filipino citizen and as a national athlete to help out our frontliners," shared the 19-year-old member of the PHI Team Foil squad that won bronze during the 2019 Southeast Asian Games. "I feel like the youth has to actively participate and take part in helping the government find ways to reach out to the medical frontliners and the affected communities,” she added. Definitely, even the smallest of donations ended up being big in her drive. In just one week, Esteban has raised PHP 339,000.70 and has gathered 50 pieces of COVID-19 Uratex pillows and 92 bottles of alcohol. Esteban could not help but be overwhelmed by the continuous support her drive has received. "I was really surprised because I saw Ate Hidilyn [Diaz] raise funds also that is why I started one as well. I think she reached almost one-hundred thousand pesos. So I was surprised when I saw my friends donating a lot and some people I don't even know," expressed Esteban, UAAP Season 81's Rookie of the Year and Most Valuable Player. Beneficiaries of Esteban’s fundraiser includes UST Hospital, UERM Memorial Hospital, and National Children's Hospital, to go along with affected communities in San Juan City. The pillows, on the other hand, will go to families in San Juan and UERM. Esteban's fundraising activity will go on until April 26, 2020. Here are the ways one can add to Esteban's drive: Bank Bank: BDO Wilson Street Account number: 6580077300 Account name: Maxine Isabel Esteban   G-Cash number Cellular number: 0917 5284329  .....»»

Category: sportsSource:  abscbnRelated NewsApr 18th, 2020

Travel agencies press government for support to save ‘bleeding’ business

After the global coronavirus pandemic disrupted travel plans across the world, cash-strapped travel agencies and tour operators in the country issued a rallying call to the government to act decisively to support their “bleeding” industry......»»

Category: financeSource:  philstarRelated NewsApr 13th, 2020

DoTr: Thousands of PUV drivers to receive cash aid

ABOUT 40,000 public utility vehicle (PUV) drivers in Metro Manila would receive cash aid through the government’s social amelioration program, the Department of Transportation (DoTr) said on Wednesday. In an advisory, the DoTr said the assistance for PUV drivers affected by the Luzon-wide enhanced community quarantine would continue. They may get their aid from the […].....»»

Category: newsSource:  manilatimes_netRelated NewsApr 9th, 2020

LTFRB-7 tells PUV operators, drivers: Comply with ‘one seat apart’ rule or else…

CEBU CITY, Philippines — Starting on Monday, March 16, the Land Transportation Franchising and Regulatory Board in Central Visayas (LTFRB-7) will set out to the streets to ensure public utility vehicles’ (PUVs) compliance with the social distancing measures issued by the Department of Transportation (DOTr). Under the DOTr’s guidelines, PUVs will have to limit the […] The post LTFRB-7 tells PUV operators, drivers: Comply with ‘one seat apart’ rule or else… appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMar 15th, 2020