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DALI gears up for expansion
The newest challenger in the local retail market, DALI Everyday Grocery, is giving retail giants a run for their money as it gears up for further expansion in a bid to reach more Filipino consumers whose pockets are hurting from high commodity prices......»»
PH Development NGOs Deeply Concerned over Alleged Signature Buying for Cha-Cha Push
The Caucus of Development Non-Government Organization Networks (CODE-NGO) is deeply concerned with the reports of alleged bribery by some officials in their effort to launch a people's initiative and mobilize support for charter change.Earlier this week, several lawmakers sounded the alarm that some local officials were allegedly offering money to secure signatures for a people's initiative seeking to amend the.....»»
PH Development NGOs Deeply Concerned over Alleged Signature Buying for Cha-Cha Push
The Caucus of Development Non-Government Organization Networks (CODE-NGO) is deeply concerned with the reports of alleged bribery by some officials in their effort to launch a people's initiative and mobilize support for charter change.Earlier this week, several lawmakers sounded the alarm that some local officials were allegedly offering money to secure signatures for a people's initiative seeking to amend the.....»»
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......»»
Hot money returns to net inflow in February
More foreign portfolio investments flowed into the Philippines in February, snapping two straight months of net outflows, amid the government’s retail Treasury bond offering......»»
Making money
The best business in the Philippines today is banking......»»
Remittances soar to P33.5 billion in 2023 – BSP
MANILA, Philippines — Filipinos abroad sent a record amount of money back home in 2023 as remittances hit $33.5 billion, boosted by a stronger peso. This increase in the value of remittances helped households cope with high inflation. According to the Bangko Sentral ng Pilipinas (BSP), cash remittances through banks totaled $33.5 billion, marking a.....»»
Philippine graft buster responds
You must know by now that if you’re a businessman in the Philippines, you have to shell out a lot of money to do business in our nation of 114 million......»»
Looking to grow your money this 2024? Here are 5 things you need to know about CIMB’s MaxSave
You’ve already saved your emergency fund, so now you’re looking for investment options for your big plans—tying the knot, pursuing your masters, starting your dream business or owning your first condo......»»
BSP to issue new guidelines for MSBs
The Bangko Sentral ng Pilipinas is finalizing a new regulatory framework for money service businesses to ensure that risks remain manageable amid the evolving industry......»»
Looking to grow your money this 2024? Here are 5 things you need to know about CIMB’s MaxSave
You’ve already saved your emergency fund, so now you’re looking for investment options for your big plans—tying the knot, pursuing your masters, starting your dream business or owning your first condo......»»
Why Insurance is Gonna be a Lifesaver for You
Ever stopped to think about how you’d handle life’s unexpected twists – health scares, accidents, or sudden home hassles? Well, that’s where insurance swoops in – your trusty sidekick for keeping your money secure. 1. Financial Safety Blanket Life can throw curveballs, right? Well, insurance is like wrapping yourself in a snug blanket. It’s there […].....»»
People in Davao ‘deceived’ into signing people’s initiative forms – barangay officials
DAVAO CITY (MindaNews / 03 February) – Voters in the city were deceived into signing documents purportedly in exchange for money and other benefits but were actually meant to gather signatures for a people’s initiative to amend the 1987 Constitution, barangay officials from Davao City claimed during a Senate hearing on Friday. The witnesses alleged […].....»»
Marcos on signature drive: Up to Comelec
Signatures for a people’s initiative that were obtained in exchange for money should be invalidated by the Commission of Elections, President Marcos said yesterday......»»
Beat the Heat and Save Money: Smart Tips for a Hot Season
Summer is in and the heat of the sun is just blazing hot, accompanied by a looming El Niño — did I just say it’s hot, like very hot? Amidst this sweltering heat, our electricity and water bills will also increase and melt our budget like ice cubes on a hot summer day. While we […].....»»
Exporting our people
Exporting people has become a major industry for low- and middle-income countries. According to the World Bank, the amount of money sent home by migrant workers surged to an expected $794 billion in 2022......»»
It isn’t just money
My recent column titled “An F for Philippine Education” apparently struck a chord among many readers who messaged me to say how appalled they were by the findings of the Second Congressional Commission on Education or Edcom II......»»
EDITORIAL Stuck in the gray list
While moving heaven and Earth to amend the Constitution ostensibly to attract more foreign investments, the government is taking its sweet time getting out of the so-called gray list of jurisdictions under increased monitoring for money laundering and counterterrorist financing......»»
Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’
“Corruption & poverty are the main reasons why we lag behind economically and politically. These problems are not created by the 1987 Constitution, but by greedy politicians who control power and money for their self-interests." The post Why people’s initiative to amend Philippine Constitution reeks of ‘Marcosian tactics’ appeared first on Bulatlat......»»
PSE has until 2025 to spend money it raised in 2018
The PSE disclosed that its board of directors voted to approve an extension of the timeline for its disbursement of the P2.8 billion in net proceeds that it raised through a 2018 stock rights offering......»»