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With clean balance-sheet Indian Banking sector has enough opportunity for growth: K V Kamath
New Delhi [India], May 17 (ANI): India's banking sector is ready and fit to support the growth of India in the coming years highlights KV Kamath, Chairman, National Bank for Financing InfrastructureDevelopment in an interview with ANI. He also pointed out that after the government has solved the problems of NPA (Non-Performing Asset) in India and India's banking sector has come out of the twin balance sheet problem so now.....»»
Loans to agriculture sector ‘quadrupled’ in 2023
The banking sector’s loan disbursements to the agriculture sector quadrupled last year after the government widened the number of projects considered as compliant with the 25 percent requirement, a member of the central bank’s Monetary Board said......»»
Florida: 2 dead after jet plane crash lands on highway, collides with vehicles
A private passenger jet with five people aboard crash-landed on a busy Florida highway and collided with two vehicles on the ground in a fiery accident on Friday that killed two people, according to authorities and news footage from the scene. The Bombardier Challenger 600 business jet, which took off from Ohio, was on approach.....»»
Private sector collaborates with government for climate action
The private sector has expressed its commitment and readiness to fund sustainability projects to support the country’s climate goals......»»
PSAC backs government efforts in local talent retention
The jobs sector of the Private Sector Advisory Council expressed support for President Marcos’ efforts aimed at bolstering local talent retention, enhancing vocational training and streamlining business processes in the Philippines......»»
Only 400 Chinese students in Cagayan – BI
There are only 400 Chinese students in Cagayan province, contrary to reports that 4,600 had enrolled in a local private school, possibly to serve as spies for the Chinese military......»»
Balance in synergies: Ensuring effective public-private partnership
Partnerships between the government and the private sector have long been a cornerstone of economic growth, both in the Philippines and globally......»»
Lawmaker proposes gradual 3-year wage hike for private workers
A lawmaker on Wednesday proposed gradually increasing the minimum daily wage for private sector workers by P100 over three years. Manila Rep. Joel Chua believes this approach would be manageable for businesses still recovering from the pandemic. He emphasized the importance of balancing the interests of workers and businesses while implementing the wage hike. A.....»»
Grab tests DriveYourCar service
Ride-hailing giant Grab Philippines is testing the viability of a new service that allows customers with vehicles to hire a driver for almost P2,000 for 12 hours......»»
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......»»
SM Foundation College Scholarship Application opens February 1
The SM College Scholarship Program, pioneered by the visionary Henry Sy Sr., has transformed the lives of over 4,000 graduates, empowering them to hone their skills and uplift their family from the intergenerational cycle of poverty......»»
More than 12,000 register for 2024 Bar Exams
MANILA, Philippines – The Supreme Court revealed on Monday that 12,246 law graduates have enrolled for the 2024 Bar Examination. The deadline for the application to take the 2024 Bar Examination was last April 5. Applications are currently being processed, which is why it is still not known how many first-time takers, repeaters, or those.....»»
EDITORIAL — Missing the commuter train
After the Holy Week, the daily commute for around 30,000 people will become more difficult......»»
Residents in Angeles defend their houses, face violence from police, private security
Clarkhills Properties started its forced demolition in 2023. About 2,000 individuals live in the 73 hectares of land that the corporation is trying to seize. The post Residents in Angeles defend their houses, face violence from police, private security appeared first on Bulatlat......»»
Tulfo’s bill seeks to impose stricter penalties for drunk drivers
MANILA, Philippines — A bill seeking to impose stricter penalties for drunk drivers, including a fine of up to P1,000,000, has been filed by Senator Raffy Tulfo. At present, the current law penalizes drunk drivers who caused homicide with a fine ranging from P300,000 to P500,000. But Tulfo, through his Senate Bill No, 2546, proposed.....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
Traslacion in CDO: from 110,000 last year to only 18,000 devotees this year
CAGAYAN DE ORO (MindaNews / 11 January) – A parish priest here blamed tight police security for the sharp drop in attendance during the Traslacion or the procession of the Black Nazarene here last Tuesday, with only 18,000 attendees compared with last year’s 110,000. Monsignor Rey Monsanto, parish priest of Our Lady Fatima Parish in Barangay […].....»»
CTTMO: Bao-bao drivers not allowed to ply nat’l highways
THE Davao City Transport and Traffic Management Office (CTTMO) reminded Bao-Bao or Ombak drivers and operators that they are not allowed to traverse national highways and to follow the motorized tricycle-for-hire (MTH) approved routes......»»
2 peddlers nabbed in separate Central Mindanao anti-shabu ops
Two shabu peddlers, one suspected of being a “killer-for-hire", an extortionist and cattle thief and the other among the top ten most wanted trafficker in Region 12, were arrested in separate entrapment operations in Maguindanao del Norte province and in nearby Tacurong City late Monday......»»
River Crossing
RIVER CROSSING. Father and son hire a boatman to bring them to the other side of Mandulog River in Iligan City from Bayug Island to Barangay Santiago on Wednesday morning (28 February 2024), for the father to work, and for the son to go to school. MindaNews photo by BOBBY TIMONERA.....»»