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GOCC dividends surge to P88.6B - The Manila Times
DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»
10 NPA revolutionary tax collectors in Bukidnon surrender
Ten members of the New People’s Army from a group that forcibly collected money on monthly basis from hapless farmers and merchants turned in 18 assorted firearms and explosives and pledged allegiance to the government in Maramag, Bukidnon on Tuesday......»»
GOCCs’ dividend remittance bumped up to 75 percent of earnings
The Department of Finance has increased the dividends to be collected from state-run firms to up to 75 percent of their earnings as the government looks for more revenues for the country’s development needs......»»
Poised Beermen repel Hotshots for 8th straight win
The San Miguel Beermen remained calm and collected and survived a scare from the Magnolia Hotshots, 98-91, to win their eighth straight game in the PBA Philippine Cup Friday at the Smart Araneta Coliseum......»»
BSP collects P649 million from coin deposits
The Bangko Sentral ng Pilipinas has collected more than P600 million worth of coins as part of efforts to bring these back to circulation and address the shortage due to improper storage or disposal......»»
Customs collections overshoot target in Q1
The Bureau of Customs collected P219 billion in the first quarter as it sustained its streak of surpassing targets on the back of an enhanced assessment system......»»
Nestlé backs special duties to aid local coffee industry
Nestlé Philippines Inc. supports the use of collected special duties on imported coffee products by the government to develop the country’s domestic coffee industry, a ranking executive said......»»
Business blocs glad with Marcos Basilan visit
The business sector in the Bangsamoro region was elated with the destruction before President Ferdinand Marcos Jr. in a former Abu Sayyaf bastion in Basilan on Saturday of 550 unlicensed firearms collected in recent months to hasten economic progress in the province......»»
Your Data, Your Rights: Proactive Steps for Personal Data Protection
Safer Internet Day 2024 comes amid data fears about limited access imposed on various popular apps, causing users to circumvent the new rules by downloading replacements. In an era where vast amounts of data are constantly being collected and analyzed, the risks of data breaches, identity theft, and invasion of privacy are more pronounced than […].....»»
BSP collects P510 million via coin deposit machines
The Bangko Sentral ng Pilipinas has collected over half a billion pesos worth of coins as part of efforts to bring them back to circulation and address the shortage due to improper storage or disposal......»»
BOC rakes in P73 billion in revenues in January
The Bureau of Customs is off to a good start this year after it collected P73 billion in revenues in January on enhanced valuation and improved trade facilitation......»»
DOLE mandates hotels, restaurants: Give service charges to workers in full
CEBU CITY, Philippines – The Department of Labor and Employment (DOLE) has mandated that hotels, restaurants, and similar businesses must give their employees the full amount of collected service charges. Labor Secretary Bienvenido Laguesma signed February 1, 2024 Department Order No. 242, titled “Revised Implementing Rules and Regulation of Article 96 of the Labor Code.....»»
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......»»
Philippine landslide death toll almost doubles to 27: official
The death toll from a landslide that hit a gold-mining village in the southern Philippines nearly doubled to 27 on Friday, officials said, as rescuers retrieved more bodies from the mud. The number of people missing from Tuesday's landslide in Masara in the mountainous province of Davao de Oro on Mindanao island fell to 89 from more than 100, while the number of injured rose to 32, the latest figures from.....»»
Philippine landslide death toll almost doubles to 27: official
The death toll from a landslide that hit a gold-mining village in the southern Philippines nearly doubled to 27 on Friday, officials said, as rescuers retrieved more bodies from the mud. The number of people missing from Tuesday's landslide in Masara in the mountainous province of Davao de Oro on Mindanao island fell to 89 from more than 100, while the number of injured rose to 32, the latest figures from.....»»
BSP logs 40K complaints relating to financial consumer protection; only 5% come from Mindanao
SINCE the effectivity of the Financial Consumer Protection Act (Republic Act 11765) in June 2022, the Bangko Sentral ng Pilipinas (BSP) has logged more than 40,000 complaints from customers of different BSP-supervised financial institutions from all over the Philippines. Of this number, only around 5 percent come from Mindanao, implying the Mindanaoans' unawareness of the law......»»
Koko to pols: Stay away from ayuda distribution
Politicians should stay away from in-person distribution of ayuda or financial assistance from the government so as not to mislead the public that the aid comes from them, Senate Minority Leader Aquilino Pimentel III said yesterday......»»
From Marcos to Marcos: Lawyers murderously attacked
From the Marcos Martial Law period to 2000, one lawyer was killed each year (18 in 18 years). From 2001 to the present, there have been 204 lawyers killed at a yearly rate of about 8.87. The post From Marcos to Marcos: Lawyers murderously attacked appeared first on Bulatlat......»»
Philippines bans live poultry from Belgium, France
MANILA, Jan. 9 (Xinhua) -- The Philippines has indefinitely banned the importation of poultry and other poultry products from Belgium and France due to the outbreak of bird flu in the two European countries, the Philippines' Department of Agriculture said Tuesday. Philippine Agriculture Secretary Francisco Tiu Laurel said the ban will immediately stop domesticated and wild birds from Belgium and France from ente.....»»
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.....»»