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BSP issues guidelines for payment systems
The Bangko Sentral ng Pilipinas (BSP) has released its first Manual of Regulations for Payment Systems (MORPS), a formal compilation of all payment system regulations approved by the Monetary Board as of end-December 2023......»»
Where do ashes for Ash Wednesday come from?
(2nd UPDATE) No, they don't burn random leaves or pieces of paper for Ash Wednesday.....»»
BI to modernize even more in 2024 – Tansingco
The Bureau of Immigration (BI) is set to replace 25% of its manual operations to electronic gates in 2024 and expects that half of the bureau’s operations will be electronic by 2026. BI Commissioner Norman Tansingco announced that the bureau is gearing up for more modernization projects for 2024, owing to expectation that the number […].....»»
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......»»
COA: Mountain Province LGU awarded projects to banned firm
The Commission on Audit has flagged the provincial government of Mountain Province for awarding two irrigation projects to a blacklisted construction firm......»»
Government arsenal spending up 420 percent but misses production target
The Government Arsenal increased its spending in 2023 by 420 percent, but still failed to meet its ammunition production target for the year, according to a report from the Commission on Audit......»»
Training on COA compliance for government institutions
To guide government institutions on their compliance with the Commission on Audit Circular 2020-006, the Center for Global Best Practices will be launching a two-session online training titled “COA Guidelines and Procedures for One-Time Cleansing of Property, Plant and Equipment Account Balances” on April 18 and 19, 2024 from 1:30 to 4:45 p.m. via Zoom......»»
How smuggled ultraluxury Bugatti Chirons expose flaws in LTO
An IT system with a weak audit trail makes it easy to smuggle in one of the world's most expensive sports cars.....»»
NMP nabs 'Outstanding e-NGAs User Entity Award'
NMP's remarkable use of the Electronic New Government Accounting System (e-NGAs) received recognition for its commitment to transparency and the timely submission of financial statements and other reports for FY 2022, as mandated by the Commission on Audit (COA)......»»
Filipino pugs plunge back into training for 2nd Olympic qualifiers
There's no rest for the weary as the Association of Boxing Alliances in the Philippines (ABAP) already laid out plans for its coming campaign in the 2nd World Qualification Tournament set in Bangkok, Thailand from May 23 to June 3......»»
BSP may cut rates by mid-2024
The Bangko Sentral ng Pilipinas may start cutting interest rates as early as June this year, according to economists......»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»
Vargas hopeful of more Olympics spots
ABAP chairman Ricky Vargas said yesterday he’s hoping for at least two more Olympic slots from boxing to add to the list of Paris entries Eumir Marcial, Nesthy Petecio and Aira Villegas with Rogen Ladon, Carlo Paalam and Hergie Bacyadan tipped to vie for tickets at the final qualifiers in Bangkok on May 23-June 3......»»
Parents worried over earlier end of classes this year, citing days of missed classes due to weather
DAVAO CITY (MindaNews / February 25) – Parents here are worried over the announcement of an earlier end of classes this schoolyear – May 31 instead of June 14 – citing days of missed classes due to heavy rains brought about by the shear line and trough of a low pressure area. Bebang Miloy, 37, […].....»»
Phl boxers gird for Olympic qualifiers
Five male and five female boxers are out to join Eumir Marcial in representing the country in the coming Olympics but their road to Paris will go through tough qualifiers in Busto Arsizio, Italy, on Feb. 29-March 12 and in Bangkok, Thailand, on May 23-June 3......»»
Dabawenyo parents call on DepEd to revert to old school calendar
DAVAO CITY (MindaNews / 22 January) – Several Dabawenyo parents called on the Department of Education (DepEd) to bring back the June-March academic calendar for school year 2024-2025, rather than implementing the current August-May schedule. Jerome Roces, a father of four kids who are all in the elementary level, said there’s a need to revert […].....»»
Global Dominion, RCBC Capital extend financing to the unbanked and underbanked
Both organizations aim to service the financial needs of people and organizations unable to tap the banks for their funding requirements and leave a positive impact on society through financing......»»
NBA: LeBron, Lakers take on Pelicans as NBA play-in tips off
LeBron James will be out to extend his 21st NBA campaign on Tuesday when his Los Angeles Lakers open the NBA play-in tournament against the New Orleans Pelicans, the winner booking a playoff meeting with the defending champion Denver Nuggets. The Lakers closed the regular season with a dominant victory over the Pelicans on Sunday......»»
What Is Identity Theft and How to Check for It
As technology progresses, so do the tactics used by identity thieves, who continuously devise innovative ways to exploit individuals’ personal information for ill-gotten gains. The implications of identity theft extend far beyond mere inconvenience, often resulting in financial losses and damage to one’s credit score. Fortunately, there are measures individuals can adopt to bolster their […] The post What Is Identity Theft and How to Check for It appeared first on Kagay An......»»
Bagong Pilipinas Serbisyo Fair heads to Benguet
In a bid to extend vital government services directly to the people of Benguet and surrounding communities, more than 50 agencies are gearing up to converge in La Trinidad for the upcoming Bagong Pilipinas Serbisyo Fair caravan on April 21 to 22, 2024......»»