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Fuel prices as of Jan. 30: Gasoline up by P2.80, diesel by P1.30 

CEBU CITY, Philippines – Local oil companies here have announced ta significant increase in the prices of fuel effective Tuesday, January 30, 2024. As a result, motorists in Cebu City will be facing a hefty increase in the prices of fuel products on the first week of February. This marks the fourth consecutive week of.....»»

Category: newsSource:  inquirerRelated NewsJan 30th, 2024

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......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Kris binalikan ang ikinamatay nina Ninoy at P-Noy: We have broken hearts

MAGKAHALONG pangamba at tuwa ang nararamdaman ngayon ng Queen of All Media na si Kris Aquino hinggil sa development sa kanyang health condition. Kuwento ni Kris, medyo positive ang latest result sa ginagawang treatment sa kanya sa Amerika para sa iniindang autoimmune diseases. Baka Bet Mo: Magaling na komedyana iwas muna sa lalaki, na-trauma sa.....»»

Category: newsSource:  inquirerRelated NewsMay 15th, 2024

Project delays prune Converge’s 2024 capex

Broadband provider Converge ICT Solutions Inc. is cutting down its spending guidance for the year to between P12 billion and P14 billion as a result of delays in some of its projects......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Residential electricity rates up by P0.86/kWh for May-June billing

Residential customers of Visayan Electric will experience an increase of P0.86/kWh in their May-June electricity billing. The increase is attributed to high generation rates due to price hikes in the Wholesale Electricity Spot Market (WESM) in April brought about by power supply concerns in the Visayas Grid. As a result, the overall residential electricity rate.....»»

Category: newsSource:  inquirerRelated NewsMay 14th, 2024

Comparing apples and oranges: The different withholding tax treatment for service contractors

Comparing apples and oranges does not often result in similar treatment, as not all similar objects are treated (or taxed) alike......»»

Category: financeSource:  philstarRelated NewsMay 13th, 2024

Marcos 2021 negative drug test result brought up in Senate PDEA leaks hearing

Representatives of the hospital that administered the drug test of then-presidential candidate Ferdinand Marcos Jr. in 2021 assured senators there was nothing irregular with how the test, which produced negative results, was conducted......»»

Category: newsSource:  philstarRelated NewsMay 13th, 2024

Pinoy farmers’ income up by 20 percent – World Bank

Filipino farmers’ income has increased by 20 percent as a result of World Bank-funded projects under the Philippine Rural Development Project (PRDP), with the country receiving a satisfactory rating on the implementation of the $600 million loan project......»»

Category: newsSource:  philstarRelated NewsMay 12th, 2024

DMCI profit shrinks 25% to P5.6 billion in Q1

Earnings of diversified engineering conglomerate DMCI Holdings Inc. fell by a quarter in the first three months as a result of lower contributions from most of its businesses......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

19 drug dens in CV shut down in a span of 4 months – PDEA-7

CEBU CITY, Philippines – A total of 19 drug dens from all over Central Visayas were successfully shut down by authorities in a span of 4 months. Leia Alcantara, spokesperson of the Philippine Drug Enforcement Agency in Central Visayas (PDEA-7), shared that this is the result of their anti-drug operations from January 1 to May.....»»

Category: newsSource:  inquirerRelated NewsMay 2nd, 2024

NDAP, Nestlé promote proper nutrition with Nutrition Masterclass Interschool Competition

In the era of social media, there are multiple ways of creating content that’s easily accessible for online audiences and as a result, there is also a surge in popular but unfounded nutrition and health information being spread on the internet......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

SACLEO in CV: P11.5M drugs seized in 3 days

CEBU CITY, Philippines — In a span of three days, P11.5 million worth of illegal drugs were seized and a total of 176 drug personalities were sent to jail by authorities in Central Visayas. This was the result of a regionwide Simultaneous Anti-Criminality Law Enforcement Operation (SACLEO) against all forms of criminalities from Friday to.....»»

Category: newsSource:  inquirerRelated NewsApr 24th, 2024

Washington summit to bring more FDIs into Philippines

Several multinationals are pouring in new investments or expanding their operations in the Philippines as a result of President Marcos’ successful and historic trilateral summit in Washington recently, House Speaker Martin Romualdez said......»»

Category: financeSource:  philstarRelated NewsApr 24th, 2024

BDO declares a property dividend of Treasury shares

BDO revealed that its board of directors approved the declaration of a property dividend of BDO Treasury shares that will result from the “eventual merger of BDO and SM Keppel Land Inc.”.....»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Iced coffee is Filipinos favorite coffee beverage — data

In the Philippines the most popular coffee type was iced coffee, a result that also appeared for Chile, Norway, and Nicaragua......»»

Category: newsSource:  philstarRelated NewsApr 20th, 2024

Huge US, Japan investments coming

At least $100 billion in investments from the US and Japan may come to the Philippines in five to 10 years as a result of the historic trilateral summit here that aims to deepen the three countries’ economic and defense ties, an envoy said yesterday......»»

Category: financeSource:  philstarRelated NewsApr 11th, 2024

Dianne Medina, Rodjun Cruz magkaka-baby No. 2 na: ‘6 months pregnant!’

MAY good news ang mag-asawang Dianne Medina at Rodjun Cruz ngayong Easter Sunday! Masayang ibinandera ng mag-asawa sa social media na magkakaroon na sila ng second baby. Sa Instagram, makikita ang baby bump ni Dianne, habang hawak naman ni Rodjun ang ultrasound result ng misis. “Easter is all about celebration of New Life,” saad sa.....»»

Category: newsSource:  inquirerRelated NewsMar 31st, 2024

Israel bombs Gaza, fights Hamas around hospitals

Israeli forces pounded besieged Gaza on Wednesday and fought Hamas around several hospitals, despite a UN Security Council demand for a ceasefire. Talks in Qatar towards a truce and hostage release deal involving US and Egyptian mediators have brought no result so far, with Israel and the Palestinian militant group blaming each other. READ: Israel.....»»

Category: newsSource:  inquirerRelated NewsMar 28th, 2024

Belle to start P5.3 billion tender for PLC shares

Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Trump predicts the end of U.S. democracy if he loses 2024 election

WASHINGTON (Reuters) – Donald Trump said on Saturday if he does not win November’s presidential election it will mean the likely end of American democracy. The Republican presidential candidate, speaking to supporters in Ohio, made the claim after repeating his baseless assertion that his 2020 election defeat to Democratic President Joe Biden was the result.....»»

Category: newsSource:  inquirerRelated NewsMar 17th, 2024