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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......»»
Scholarship for agriculture students pushed
LAPU-LAPU CITY, Cebu- Recognizing the vital role of the agriculture sector in food sustainability and local farmer empowerment, a Cebu City councilor proposed an ordinance to provide scholarship grants to students who would pursue agriculture-related programs in college. The proposed legislation, titled “An Ordinance Granting Educational Scholarship Assistance to Qualified Cebu City Residents Pursuing Agriculture-Related.....»»
Rama backs P246-billion mega project in SRP
CEBU CITY, Philippines – Cebu City Mayor Michael Rama has backed the proposed P246 billion mega project in the South Road Properties (SRP). He stated, “If this aligns with principles of fairness and correctness, why not?” READ: P200B mega project will soon rise in SRP if … Rama also expressed his support for the proposed.....»»
Is the proposed wage hike good or bad for SM?
SM executives are monitoring developments over the proposed legislated wage hike, as it could push up operating costs.....»»
Proposed EU Forced Labor Regulation Should Focus on Workers
European Union governments meeting today in Brussels to discuss a proposed ban on products linked to forced labor, should allow forced labor victims in companies' supply chains to receive remediation. Companies and business associations have called for remediation to be included in the draft.....»»
SEC awaits ARTA study on proposed higher fees
The Securities and Exchange Commission is ready to implement the proposed hike in charges and fees as soon as it passes the regulatory impact assessment of the Anti-Red Tape Authority......»»
Cebu City ‘BPO Day’ on March 28 gets City Council’s okay
CEBU CITY, Philippines — The Cebu City Council approved on its third and final reading the proposed ordinance dedicating March 28 as “BPO Day” in Cebu City. The proposed ordinance authored by Councilor Pancrasio “Francis” Esparis was approved during its regular session on Wednesday, April 24. In a phone interview with Esparis, he said that.....»»
67.5-km subway system proposed for Cebu
67.5-km subway system proposed for Cebu.....»»
Labor group defends proposed P100 daily minimum wage increase
Labor group defends proposed P100 daily minimum wage increase.....»»
Proposed US Law Would Protect Human Rights Defenders
Proposed US Law Would Protect Human Rights Defenders.....»»
P200B projects proposed at SRP
P200B projects proposed at SRP.....»»
‘Cha-cha lies in the power of the people, not politicians’ – coalition
“The amendments are unnecessary, not urgent, and could worsen the situation of the Filipino people. The process is also alarming since adding the provision ‘unless provided by law’ gives Congress the power to revise or even reverse the constitutional provisions through ordinary legislation." The post ‘Cha-cha lies in the power of the people, not politicians’ – coalition appeared first on Bulatlat......»»
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......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
From the Newsrooms: February 11 to 17, 2024
WITH PRESIDENT Ferdinand Marcos Jr's clear signal of his approval, it was no surprise for the media to pick up the heightened discussion of charter change (Chacha) in the Senate.On February 12, the Senate was clearly engaged in the process as its Subcommittee on Constitutional Amendments and Revision of Codes began its second deliberation of the Resolution of Both Houses No. 6 amending three constitutional provi.....»»
From the Newsrooms: February 11 to 17, 2024
WITH PRESIDENT Ferdinand Marcos Jr's clear signal of his approval, it was no surprise for the media to pick up the heightened discussion of charter change (Chacha) in the Senate.On February 12, the Senate was clearly engaged in the process as its Subcommittee on Constitutional Amendments and Revision of Codes began its second deliberation of the Resolution of Both Houses No. 6 amending three constitutional provi.....»»
From the Newsrooms: January 8 to 13, 2024
THE IDEA had been simmering but it broke out for all the public to think about when House Speaker Martin Romualdez took up the need for Charter change (Cha-cha). He recalled two resolutions that had raised the issues earlier in 2023, saying the amendments would focus on economi.....»»
From the Newsrooms: January 8 to 13, 2024
THE IDEA had been simmering but it broke out for all the public to think about when House Speaker Martin Romualdez took up the need for Charter change (Cha-cha). He recalled two resolutions that had raised the issues earlier in 2023, saying the amendments would focus on economi.....»»
From the Newsrooms: January 8 to 13, 2023
THE IDEA had been simmering but it broke out for all the public to think about when House Speaker Martin Romualdez took up the need for Charter change (Cha-cha). He recalled two resolutions that had raised the issues earlier in 2023, saying the amendments would focus on economi.....»»
From the Newsrooms: January 8 to 13, 2023
THE IDEA had been simmering but it broke out for all the public to think about when House Speaker Martin Romualdez took up the need for Charter change (Cha-cha). He recalled two resolutions that had raised the issues earlier in 2023, saying the amendments would focus on economi.....»»