Quick takes from around the market
Alternergy board approved a plan to list its Series 1 and Series 2A preferred shares that are already issued and outstanding......»»
Power reserve market starts full commercial operations
The Independent Electricity Market Operator of the Philippines commenced yesterday the full commercial operations of the reserve market, a development seen as a significant step forward for the energy sector......»»
PH takes progressive stance at global negotiations to end plastic pollution
PH takes progressive stance at global negotiations to end plastic pollution.....»»
UAAP volleyball- No. 1 NU takes on fourth-ranked FEU - MSN
UAAP volleyball: No. 1 NU takes on fourth-ranked FEU MSN.....»»
Kristine Hermosa talks about 6th pregnancy, qualities Oyo takes after dad Vic Sotto
Kristine Hermosa said her husband Oyo Boy takes after his father, TV host Vic Sotto......»»
Cacdac takes oath as DMW chief
Cacdac takes oath as DMW chief.....»»
Thunder takes 1-0 lead vs. Pelicans
Thunder takes 1-0 lead vs. Pelicans.....»»
Murcia summit takes on public education problems
Murcia summit takes on public education problems.....»»
UC Takes Action Vs Teacher Who Encourages Students To Commit Suicide
UC Takes Action Vs Teacher Who Encourages Students To Commit Suicide.....»»
Daluz board out; LWUA takes over MCWD
Daluz board out; LWUA takes over MCWD.....»»
Gokongwei-led Cebu Pacific takes delivery of brand-new A330NEO
Gokongwei-led Cebu Pacific takes delivery of brand-new A330NEO.....»»
Wanky takes over as leader of PRO-Western Visayas
Wanky takes over as leader of PRO-Western Visayas.....»»
Nick Taylor takes 1-shot lead
Nick Taylor takes 1-shot lead.....»»
Budbod kabog of Catmon takes spotlight during Suroy Suroy
Budbod kabog of Catmon takes spotlight during Suroy Suroy.....»»
Taylor Swift s NFL playoff tour takes her to Buffalo for Chiefs game against Bills
Taylor Swift s NFL playoff tour takes her to Buffalo for Chiefs game against Bills.....»»
PH takes steps to strengthen textile, fashion industry via ‘digitelazation’
PH takes steps to strengthen textile, fashion industry via ‘digitelazation’.....»»
Nikon acquires Red Digital Cinema, enters professional video market
Nikon Acquires Red Digital Cinema to Enter Professional Digital Cinema Camera Market In a strategic move to expand into the professional digital cinema camera market,.....»»
Easing Middle East tensions push market higher
The stock market advanced for a second consecutive session yesterday as it received much-needed boost from gains in the US market as well as easing tensions in the Middle East......»»
NBI-Davao seizes illegal ‘butane’
THE National Bureau of Investigation - Southern Mindanao Regional Office (NBI-Semro) seized around 900 illegally refilled LPG canisters commonly known in the market as “butane” during a buy-bust operation at the Bankerohan Public Market in Davao City on Monday morning, February 19, 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......»»
Quick look at the week ahead
Domestically, Cebu Landmasters will wrap up its follow-on offering sale of preferred shares tomorrow (the listing is next week), and on Friday, we’ll get the inflation data for March from the Philippine Statistics Authority (which will set the table for the BSP’s decision on interest rates on Monday of next week). I.....»»