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Market steps closer to 7,000 level
Investors yesterday pushed the benchmark index to within the 7,000 territory, as they opened the week making bets on local stocks ahead of the reporting February inflation......»»
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 […].....»»
PSEi falls, mirrors US equities
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities......»»
PSEi to stay at 6,700 ahead of inflation data
The stock market will try to hold on to the 6,700 level this week as investors will be on the lookout for inflation data and corporate earnings results......»»
PSEi tumbles as Fed quashes rate cut hopes
Local stocks retreated yesterday as investors took cues from Wall Street’s overnight performance......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
Group calls for lease-free installation of broadband links
Like free access to electricity and water lines, the installation of broadband connectivity should not bear additional costs to internet providers, according to CitizenWatch Philippines......»»
After Ayungin harassment, China tells PH: Prepare ‘to bear all potential consequences’
The Philippines, meanwhile, says it 'will not be deterred – by veiled threats or hostility – from exercising our legal rights'.....»»
Marcos: Philippines not provoking conflict, poking the bear with China
President Ferdinand Marcos Jr. said the Philippines was not deliberately provoking conflict or acting under the command of the United States in its efforts to assert its sovereignty over the West Philippine Sea.....»»
Ulat Bulilit unravels trauma, HRVs among children
“Children failed to fully realize their rights because they also bear the brunt of economic problems faced by their parents — low wages, contractualization, joblessness." The post Ulat Bulilit unravels trauma, HRVs among children appeared first on Bulatlat......»»
Hiroshima grapples with ‘Oppenheimer’ Oscars success
“Oppenheimer” had a glittering night at the Oscars but in Hiroshima, devastated by the first nuclear bomb in 1945, the film about the weapon’s creator is harder to stomach. “Is this really a movie that people in Hiroshima can bear to watch?” said Kyoko Heya, president of the Japanese city’s international film festival, on Monday.....»»
Fishers call for adequate support amid the El Niño drought
"Fishers also bear the brunt of the El Niño phenomenon. During drought, fish usually swim deeper than usual to seek cooler temperatures, making fishing more difficult and costly as we have to spend extra time and fuel." The post Fishers call for adequate support amid the El Niño drought appeared first on Bulatlat......»»
‘The Bear’ stars win TV honors at Hollywood’s SAG awards
'I am so honored to be in this community,' Jeremy Allen White said as he accepted the award for best actor in a television comedy.....»»
DTI says Marcos overseas trips starting to yield results amid growing foreign investments
President Ferdinand Marcos Jr.’s pitches to world leaders during his overseas trips have started to bear fruit, according to the Department of Trade and Industry......»»
Navalny’s wife calls for Putin to be punished at global security summit
Yulia Navalnaya says she did not know whether to believe Russian authorities. "But if this is true, I want Putin, his entire entourage, Putin’s friends, his government to know that they will bear responsibility for what they did to our country, to my family, to my husband.".....»»
Speaker wants bigger PhilHealth share in private hospitalization
The Philippine Health Insurance Corp. should bear more of the costs of hospitalization, including the medical bills and doctors’ fees incurred by patients admitted in private hospitals, Speaker Martin Romualdez said on Sunday......»»
Emmys, Golden Globes, Critics’ Choice 2024: Where to stream Hollywood’s biggest awards shows
Get ready to cheer on big silverscreen hits like "Barbie," "Oppenheimer," and "Killers of the Flower Moon," as well as TV gems such as "The Bear," "Ted Lasso," "Succession," "House of the Dragon," and so much more at the 2024 Emmys, Golden Globes, and Critics’ Choice Awards this January......»»