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Alsons profit drops in Q1
Alsons Consolidated Resources (ACR) of the Alcantara Group reported a dip in first quarter earnings as the forced outage of one of its plants dented the firm’s operations and revenues......»»
Foreign operations carry ICTSI back to growth mode
International Container Terminal Services Inc. of tycoon Enrique Razon Jr. shipped itself back to expansion mode, as profit rose by 36 percent in the first quarter of the year......»»
Chacha to worsen land dispossession and poverty, rights groups say
“Instead of devoting our land and resources to the genuine development of the domestic agriculture, economy, and industries, ChaCha will allow more foreign-owned extractive industries, logging, ecotourism, real estate projects, expansion of agro-corporation plantations, and other business operations intended for profit-making." The post Chacha to worsen land dispossession and poverty, rights groups say appeared first on Bulatlat......»»
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......»»
Motivated NU puts nightmarish start behind
Powerhouse NU rises from a horrible start to the UAAP volleyball season, quickly learning from shock opening-day losses in both the men’s and women’s divisions.....»»
Davao death toll rises to 27 in landslides, floods
The death toll from landslides and floods in the Davao Region has risen to 27, up from the previous report of 21 deaths on Tuesday, February 6, 2024, according to the National Disaster Risk Reduction Management Council (NDRRMC)......»»
Death toll from Philippine landslides, floods rises to 14
The death toll from landslides and floods triggered by torrential rain in the southern Philippines in the past week has risen to 14, official tallies showed Saturday. Rain has pounded parts of Mindanao, the country's second-largest island, on and off for weeks and forced tens of thousands of people into emergency shelters.Source: CGTN.....»»
Death toll from Philippine landslides, floods rises to 14
The death toll from landslides and floods triggered by torrential rain in the southern Philippines in the past week has risen to 14, official tallies showed Saturday. Rain has pounded parts of Mindanao, the country's second-largest island, on and off for weeks and forced tens of thousands of people into emergency shelters.Source: CGTN.....»»
Phoenix rises from 21-point hole to stay alive vs Hotshots
The Phoenix Fuel Masters flipped the script in the second half and successfully clawed back from a 21-point second quarter deficit to force a Game 4 in the PBA Commissioner’s Cup semifinals against the Magnolia Hotshots, 103-85, Sunday at the Mall of Asia Arena in Pasay City......»»
Pag-IBIG to increase member contributions in February 2024
MANILA, Philippines — The Home Development Mutual Fund or the Pag-IBIG Fund said that it will raise its member contributions in February 2024. In a phone interview on Tuesday, it said that monthly contributions from employees and employers will be increased to P200, from the minimum P100. ALSO READ: PhilHealth members’ contribution rises to 5%.....»»
CREIT FY23 profit: P1.4-B (up 12%)
Citicore Energy REIT posted an FY23 net income of P1.40 billion, up 11.6% from its FY22 net income of P1.25 billion, powered by CREIT’s “strong guaranteed lease base” and new contributions from FY23 acquisitions from its parent company, Citicore Renewable Energy Corp......»»
CREIT FY23 profit: P1.4-B (up 12%)
Citicore Energy REIT posted an FY23 net income of P1.40 billion, up 11.6% from its FY22 net income of P1.25 billion, powered by CREIT’s “strong guaranteed lease base” and new contributions from FY23 acquisitions from its parent company, Citicore Renewable Energy Corp......»»
JG Summit sets higher capex for 2024
Conglomerate JG Summit Holdings Inc. expects its capital spending to balloon to over P99 billion this year, higher than the group’s originally allotted budget for 2024, due to additional engine deliveries for budget carrier Cebu Pacific......»»
Mayor Duterte says relief of 35 cops is “abuse of power from higher authorities;” seeks “immediate reinstatement”
DAVAO CITY (MindaNews / 26 May) – The relief of 35 members of the Davao City Police Office (DCPO), including its chief, “appears to be an abuse of power from higher authorities,” Mayor Sebastian Duterte said, as he asked for “immediate reinstatement of the unfairly relieved officers.” The relief was recommended by the Regional Internal […].....»»
El Niño pushes prices higher at Carbon Market
El Niño pushes prices higher at Carbon Market.....»»
Meralco expects higher generation charge this month
Energy utility provider Manila Electric Co. said indications point to a higher generation charge this month as the Luzon grid was placed under red and yellow alerts with several power plants are either offline or running at a reduced capacity......»»
Banks see higher loan demand in Q2
Philippine banks are projecting a higher loan demand from both corporate and household borrowers in the second quarter amid a rosier economic outlook and more attractive financing terms from lenders......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»