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Philippines debt hits record P14.6 trillion
The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»
Dollar remittances hit record high
The strong finish in December due to the holiday season boosted dollars sent home by Filipinos abroad to reach an all-time high of $37.2 billion in 2023, the Bangko Sentral ng Pilipinas said......»»
GT Capital posts record high core earnings in 2023
GT Capital Holdings Inc., the listed conglomerate of the Ty Group finished 2023 with all-time high core earnings, buoyed by record-setting financial results from core businesses......»»
Ports regulator posts record high revenue
The Philippine Ports Authority has posted a new all time high revenue in 2023......»»
GSIS non-life insurance premiums hit record high P9.8 billion in 2023
State-run pension fund Government Service Insurance System saw its collection of non-life insurance premiums rise to an all-time high of P9.8 billion in 2023......»»
Nobody benefits from a China downturn
For decades after the end of the Mao Zedong regime, China embarked on an economic revolution led by Deng Xiaoping. In the 1990s and the early part of the 21st century, China’s comparatively technocratic leadership promoted private enterprise......»»
DCPO assures security on Edsa commemoration
THE Davao City Police Office (DCPO) assures the public of the strict security implementation for the commemoration of the 38th Edsa People Power Revolution this Sunday, February 25, 2024, as around 290 police personnel will be deployed in several areas where rallies are staged......»»
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......»»
Undercover cops tapped for EDSA anniversary rites
Undercover police officers will be deployed during the 38th anniversary of the EDSA people power revolution, according to the Quezon City Police District......»»
A technological revolution : Is Hong Kong ready for AI?
The survey, conducted online in December 2023, aimed to assess Hong Kong's AI competencies within the country’s financial services, shedding light on both the challenges and opportunities organizations encounter in integrating AI in their businesses. .....»»
EDSA is Ninoy and Ninoy is EDSA
Without Ninoy, there would have been no Edsa. Edsa revolution has been known for “people power” magic which “magic” did not (do not, and will not) only transpire in Edsa during those epic moments in February 1986. Let Edsa happen in our hearts and lives even today. The spirit lives on. The birth of Edsa […].....»»
Edsa People Power Anniv: Marcos asked to focus on fight vs corruption
MANILA, Philippines — The National Council of Churches in the Philippines (NCCP) has opposed proposals to amend the 1987 Constitution and urged the current administration to instead focus more on people’s needs and eradicating corruption. NCCP’s pronouncements came on the occasion of the 38th anniversary of the Edsa People Power Revolution on Sunday under the.....»»
Sara retracts social media post praising EDSA revolt
Vice President Sara Duterte appears to have retracted her Feb. 25 statement on the 38th anniversary of the EDSA People Power Revolution, that called on the people to always remember the sacrifices of the Filipinos who united to topple the dictatorship of President Marcos’ father......»»
Remembering Butz Aquino, leader of the August Twenty-One Movement that defied Marcos Sr.
Butz Aquino, the brother of Ninoy Aquino, was among the first to call upon the people to gather in EDSA in what would become the People Power Revolution.....»»
Never forget EDSA & People Power
Three days from now, we will be commemorating the 38th anniversary of the EDSA People Power Revolution. There are again attempts to downgrade the significance of this extremely significant event in the history of the Filipino people......»»
People Power
A child asks her aunt to explain the People Power photographs on display at the MIC Cursillo House in Davao City on Sunday (25 February 2024), the 38th commemoration of the People Power Revolution. MindaNews photo by CAROLYN O. ARGUILLAS.....»»
OVP mum on deleted social media posts on EDSA
The Office of the Vice Presiden remained mum on the supposed deletion of Vice President Sara Duterte’s social media statement commemorating the EDSA people power revolution......»»
OVP says deleted EDSA anniversary statement was posted mistakenly
The OVP on Monday confirmed to reporters that it had taken down a message by Duterte on the 38th anniversary of the 1986 EDSA People Power Revolution that was mistakenly posted by their social media team......»»
Ex-president Duterte, who once called God stupid , organizes another prayer rally
Aside from opposition forces gathering at EDSA to commemorate the 38th anniversary of the People Power Revolution, a political group from another spectrum is set to conduct a prayer rally on the same day......»»
38 years after EDSA, Filipinos commemorate People Power, oppose Cha-cha
Various groups and government agencies staged activities Sunday even after President Ferdinand Marcos Jr. removed the EDSA People Power Revolution, which restored democracy in the country, from the list of public holidays in 2024. .....»»