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Business group backs carbon emission trading
The government should prioritize implementing a carbon emission trading system instead of imposing taxes on carbon as the latter could cause power prices to spike, according to the Makati Business Club......»»
LMG Corp starts trading today with new par value
Shares of LMG Corp will be halted for the first hour of trading to allow traders to evaluate the change in the par value of the company’s common stock from P1.00/share to P0.10/share......»»
Ayala Corp tightens insider trading policy
Ayala Corp., the country’s oldest conglomerate, has tightened its insider trading policy......»»
BSP boss shines spotlight on insider trading
As reported by the BusinessMirror, BSP Governor Eli Remolona gave a speech at the Manila Polo Club to a meeting of Rotary Club members where he noted the problem of insider trading, citing the specific example of how “nothing moves” when listed companies report overwhelmingly positive earnings because those trades were placed ahead of the announced earnings......»»
Stocks up, peso breaches 56:$1
The stock market posted slight gains yesterday as it tracked upswing in US markets, while the peso weakened and breached the 56 to $1 barrier......»»
Cryptocurrency Market Turns Red as Bitcoin, Ethereum, Solana Prices Dip Before Halving
The cryptocurrency market kicked off Friday on a bearish note, as major digital assets Bitcoin, Ethereum, and Solana experienced significant declines in morning trading. Bitcoin,.....»»
How to Trade the Forex Market: A Comprehensive Overview
Trading the forex market involves buying and selling currencies with the intention of making a profit from the changes in the exchange rate, hence why.....»»
Makati breaches 2023 business renewal revenue
The Makati City government has surpassed its January 2023 business renewal assessment level, with still over 4,000 businesses expected to renew their permits until the deadline on Jan. 31, Mayor Abby Binay said yesterday......»»
ERC suspends reserve market settlement
The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»
Kadaugan sa Mactan 2024: Over 8,000 locals witness reenactment
CEBU CITY, Philippines – Between 8, 000 to 10, 000 locals gathered at the Liberty Shrine in Brgy. Mactan in Lapu-Lapu City early on Saturday morning to witness this year’s Kadaugan sa Mactan or the reenactment of the historic Battle of Mactan. Police Lieutenant Colonel Gerard Ace Pelare, spokesperson of the Police Regional Office in.....»»
Lapu-Lapu City: Suspects offered P75,000 to kill market assistant
LAPU-LAPU CITY, Cebu — One of the suspects in the murder of Lapu-Lapu City Market Assistant Christopher Ceniza said he was offered cash to serve as the driver of the gunman’s getaway vehicle. But he never received his share of the P75, 000 that was promised by the mastermind, whom he identified as a certain.....»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
Economic worries weigh down PSEi
Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»
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......»»
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......»»
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 […].....»»
Atin Ito’s advance team breaches China’s Scarborough blockade, delivers supplies to fishers
“Despite China's massive blockade, we managed to breach their illegal blockade, reaching Bajo de Masinloc to support our fishers with essential supplies. Mission accomplished!” said Rafaela David, president of Akbayan Party and co-convenor of Atin Ito. .....»»
‘BSP has room to keep policy settings steady’
Monetary authorities have room to keep the country’s monetary policy settings steady this month, even if inflation breaches the four percent upper target in April, according to Bangko Sentral ng Pilipinas Governor Eli Remolona Jr......»»