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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......»»
SEC Statement on the Hack of Our X Account and the Subsequent False Bitcoin ETF Approval Announcement
Title: SEC Collaborates with Law Enforcement to Combat Threats Promptly In a bid to ensure investor protection and maintain market integrity, the U.S. Securities and.....»»
SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule
The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»
SC affirms Sandigan’s decision to allow Napoles, ex-Masbate lawmaker to post bail
SC affirms Sandigan’s decision to allow Napoles, ex-Masbate lawmaker to post bail.....»»
CSC affirms 2019 decision: Libre guilty of malpractice
CSC affirms 2019 decision: Libre guilty of malpractice.....»»
SEC orders Infinity8 to halt operations
The Securities and Exchange Commission has flagged another entity for soliciting investments from the public without the necessary permits.In a Jan. 16 order, the SEC en banc directed Infinity8Networks Digital Services OPC to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC......»»
Ritz Azul masaya kahit supporting role na lang
MALIIT LANG ang role ni Ritz Azul sa Mamasapano: Now It Can Be Told na official entry ng Borracho Films sa MMFF this December 25. Isang reporter ang role niya sa pelikula at ayos lang daw ito sa kanya. “Ako po kasi, nandito po ako sa industriya bilang artista. Hindi po ako pumipili ng bida […] The post Ritz Azul masaya kahit supporting role na lang appeared first on Pinoy Parazzi......»»
Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue
Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»
As a new investor, how should I pick stocks to invest in?
For 99% of people who ask this question, the best answer would probably be: “You don’t.” But that’s a very unsatisfying response to give someone who has come to the market with big eyes and bigger dreams, and it’s the kind of response that starts out true but could (at some point) cease being true and constructive as the investor gains understanding and skills......»»
SEC affirms P2M fine vs NOW Corp., CEO
The case concerns the alleged misleading disclosures of NOW Corp. on the supposed P2.6 billion unpaid obligation to the Philippine government......»»
PAL denies that it has started the groundwork to sell a minority stake to strategic investor
Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»
SEC wants SMEs to embrace sustainability
The Securities and Exchange Commission (SEC) wants to instill sustainability into the business practices of not only big companies but also the small and medium enterprises......»»
Investor interest in power gaining steam – Lotilla
Investor interest in the country’s power sector, particularly in the renewable energy space, continues to gain steam, according to the Department of Energy......»»
The Critical Role of LGUs in Streamlining Business Practices
The Critical Role of LGUs in Streamlining Business Practices.....»»
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......»»
Eight Tips for Choosing a Domain Name for Your Small Business
Choosing a domain name for a small business requires careful consideration, as it is often the first thing people see about your business. The domain name of a business is often considered a piece of real estate on the internet, or your business home on the web. It is core to the digital presence of […].....»»
Biting back: NU refocuses on UAAP title redemption after Season 85 setback
UAAP Season 84 champion and Season 85 runner-up NU figures to still be a top contender as the new season approaches, with its holdover stars refocused and hungry for redemption.....»»
SEC moves to help Philippines exit from FATF gray list
The Securities and Exchange Commission (SEC) plans to further raise the compliance rate among corporations for reporting beneficial ownership, a move that will support the country’s bid to exit the global ‘dirty money’ gray list this year......»»
Alden babu sa ‘linis-linis’ role, mas type ang marumi, bad boy, basagulero
PAHINGA raw muna sa mga “goody-goody” at “linis-linisan” role sa mga teleserye at pelikula ang Asia’s Multimedia Star na si Alden Richards. Nag-yes agad ang award-winning Kapuso matinee idol nang ialok sa kanya ng mga bossing ng GMA 7 ang isa sa mga challenging role sa historical action-drama series “Pulang Araw.” Nang malaman daw niyang.....»»
PHINMA, DLSU champion business as ‘force for good’ in new research center
PHINMA, DLSU champion business as ‘force for good’ in new research center.....»»