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Stocks move in step with Asia-wide rally
Local stocks recovered yesterday, moving in step with Asian peers, ahead of US inflation data that could influence the Federal Reserve’s thinking on rate cuts, while the crypto world got a boost after exchange-traded funds to track Bitcoin were approved in the United States......»»
Philippine stocks advance following Wall Street rally
Philippine stocks bounced back yesterday, aligning with the recovery in Wall Street......»»
Index attempts to break past 7,000 anew
Local stocks will likely seek direction from the US markets this week in a bid to break past the 7,000 threshold anew......»»
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......»»
Stocks to test 7,000 resistance
The stock market looks to sustain its momentum and advance to the 7,000 level this week, with investors keeping an eye on more corporate earnings results and positive cues abroad to fend off selling pressures......»»
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 […].....»»
Sandigan junks forfeiture vs Marcos crony-owned telco
The Sandiganbayan has dismissed a forfeiture case against several alleged cronies of the late dictator Ferdinand Marcos Sr. and his widow, former first lady Imelda Marcos, seeking to recover in favor of the government shares of stocks in Eastern Telecommunications Philippines Inc., allegedly illegally acquired during martial law......»»
I feel like a criminal for quitting- nurses in the US fight stay or pay agreements - US healthcare
Filipino nurses for Ohio-based company say they have been forced to pay thousands in fees after signing training contracts Filipino nurses are calling for the USs top labor watchdog to review controversial stay or pay training repayment agreement provisions that have left them facing lawsuits and thousands of dollars in fees after they quit their jobs. Training repayment agreement provisions (Trap) are contracts employers.....»»
Marbil tells cops: Stay on the righteous path
Attending his first flag-raising ceremony yesterday as chief of the Philippine National Police, Gen. Rommel Francisco Marbil called on PNP personnel to always stay on the righteous path and give the best service to the public......»»
‘STAY INDOORS’ | Extreme heat causes suspension of classes until April 2
‘STAY INDOORS’ | Extreme heat causes suspension of classes until April 2.....»»
China urges ROK to stay prudent on South China Sea issue: Chinese FM
BEIJING, March 28 (Xinhua) -- China urges the Republic of Korea (ROK) to stay prudent when it comes to the South China Sea issue, Chinese foreign ministry spokesperson Lin Jian said on Thursday. Lin made the remarks at a regular press briefing when responding to a media query about ROK Foreign Ministry Spokesperson's biased and unfactual comments on the South China Sea issue over the past few days. "China.....»»
Daluz-led MCWD board ‘to stay’
Daluz-led MCWD board ‘to stay’.....»»
Koko to pols: Stay away from ayuda distribution
Politicians should stay away from in-person distribution of ayuda or financial assistance from the government so as not to mislead the public that the aid comes from them, Senate Minority Leader Aquilino Pimentel III said yesterday......»»
Lady Knights stay hot in beach volley
Letran’s Gia Marcel Maquilang and Lara Mae Silva walloped San Sebastian’s Kat Santos and Juan May Gonzales, 21-8, 21-11, to nail their fifth win in a row and stay at the helm of NCAA Season 99 women’s beach volleyball at Subic Bay in Zambales......»»
Very low chance of rain, devotees urged to stay hydrated
Very low chance of rain, devotees urged to stay hydrated.....»»
How to stay healthy during cold, flu and Covid-19 season
How to stay healthy during cold, flu and Covid-19 season.....»»
UK ticket scam: Taylor Swift fans, thousands of them, duped
Thousands of fans of pop megastar Taylor Swift have been hit by a wave of concert ticket scams ahead of her tour in the UK later this year, a British bank said Wednesday. At least 3,000 victims are likely to have been tricked into buying fake tickets since July, with over £1 million ($1.24 million) being lost to.....»»