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Index attempts to break past 7,000 anew
Local stocks will likely seek direction from the US markets this week in a bid to break past the 7,000 threshold anew......»»
January 2024 Jobs Report: 353,000 Jobs Added, Unemployment at 3.7%
Title: Job Market Surges in January, Wages Soar and Unemployment Holds Steady Subtitle: Increased Hiring Boosts Economy, Potential Impact on Federal Reserve’s Monetary Policy Byline:.....»»
Tulfo’s bill seeks to impose stricter penalties for drunk drivers
MANILA, Philippines — A bill seeking to impose stricter penalties for drunk drivers, including a fine of up to P1,000,000, has been filed by Senator Raffy Tulfo. At present, the current law penalizes drunk drivers who caused homicide with a fine ranging from P300,000 to P500,000. But Tulfo, through his Senate Bill No, 2546, proposed.....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
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......»»
Traslacion in CDO: from 110,000 last year to only 18,000 devotees this year
CAGAYAN DE ORO (MindaNews / 11 January) – A parish priest here blamed tight police security for the sharp drop in attendance during the Traslacion or the procession of the Black Nazarene here last Tuesday, with only 18,000 attendees compared with last year’s 110,000. Monsignor Rey Monsanto, parish priest of Our Lady Fatima Parish in Barangay […].....»»
UPS expands Clark operations
Logistics giant UPS is expanding operations at the Clark International Airport in Pampanga as part of its $250-million commitment to scale up its Asia-Pacific business......»»
PH-OGP brings 6th NAP to Cebu
CEBU CITY, Philippines —The Philippine Open Government Partnership (PH-OGP), chaired by Department of Budget and Management (DBM) Secretary Amenah Pangandaman, brought its 6th National Action Plan (NAP) to Cebu. With around 250 participants from different sectors in Region VII including more than a hundred civil society members, this year’s run of OGPinas! aims to highlight.....»»
Women take part in Japan’s 1,250-year-old ‘naked festival’ for first time
Seven groups of women took part in the ritual which is said to drive away evil spirits and where participants pray for happiness. Despite its name, those taking part are not naked......»»
Small EU country becomes Russia s biggest whisky supplier - media
Latvia is serving as a middleman for the import of Western spirits into the Russian market, experts say Latvia became Russia's top supplier of whisky last year, reaching $250 million in sales and outpacing all other exporters combined, RIA Novosti reported on Monday, citing industry data. The Balti.....»»
A Call for a Just Transition to Modern Jeepneys
We, the Philippine Misereor Partnership, Inc. (PMPI), a social development and advocacy network of more than 250 church faith-based groups, non-governmental organizations, and people's organizations in the Philippines, stand in solidarity with the jeepney drivers and operators who are facing the threat of losing their livelihood due to the jeepney modernization program. We support their.....»»
Copper surges on green energy and AI
Copper is back in the spotlight. Investors are focusing on the metal’s critical role in the global transition to clean energy and the rise of artificial intelligence (AI). While gold has been hogging the headlines with its stealthy ascent to record highs, copper has quietly been making moves of its own. It has gained 17.6 percent year-to-date, outperforming most other commodities including gold......»»
NEWS BRIEFS | 26 March 2024
P101-M sea wall to rise in Surigao Sur town A P101.3 million sea wall will be constructed in Marihatag, Surigao del Sur to protect lives and properties from storm surges there. Rep. Romeo Momo (1st District, Surigao del Sur) led the ground breaking of the Marihatag Seawall Project last Sunday, March 24. “The project is a […].....»»
DA, DTI urged to enforce stricter price monitoring during Holy Week
A lawmaker has called on the Department of Agriculture and the Department of Trade and Industry to keep an eye on possible price surges during the Holy Week and set suggested retail price on basic commodities......»»
Microsoft Stock Surges with AI PCs and Copilot News
Microsoft made waves in the tech world today as it announced its first AI-powered PCs at a digital event. The new devices, the Surface Pro.....»»
Apple-Google Gemini Partnership: Harnessing the Power of AI
Alphabet’s Stock Surges Following Potential Apple-Google Gemini Partnership In a recent development that sent waves through the tech industry, Alphabet’s stock price saw a significant.....»»
Intuitive Surgical Stock Surges After FDA Clearance for Next-Gen Robotic Surgery
Intuitive Surgical (ISRG) Soars After FDA Clearance for da Vinci 5 Robotic Surgery System In a groundbreaking development, Intuitive Surgical’s stock saw a significant increase.....»»
Arevalo surges ahead with gutsy 71
Kristoffer Arevalo came out on top after a third-round battle characterized by survival instincts at the challenging Apo course here, crafting a brave 71 to find himself the bewildered leader in the ICTSI Apo Golf Classic yesterday......»»
GSIS income surges to P113 billion in 2023
The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»
Hope wanes on Day 3: Davao de Oro landslide list of missing exceeds 100
The number of people missing and feared buried in the mud, boulders, and rocks in Masara village surges from 49 to 110 as more families reach out to authorities to ask for help.....»»