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Philippines upper middle-income status seen to boost insurance penetration
Higher insurance penetration hinges on the country’s ability to reach upper middle-income status as Filipinos’ disposable income remains limited amid the high cost of basic goods and services......»»
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......»»
DSWD urges 4Ps beneficiaries to avail of gov’t tertiary education support
The Department of Social Welfare and Development (DSWD) urged the beneficiaries of its Pantawid Pamilyang Pilipino Program (4Ps) who want to pursue higher education to avail of various government tertiary education support programs that will assist them with their school expenses. DSWD Asst. Secretary for Strategic Communications Romel Lopez said on Monday (January 15) that […].....»»
DTI rolls out the Rice on Wheels Program in coordination with Bulacan rice millers and traders
The Department of Trade and Industry (DTI), in coordination with Bulacan rice millers and traders, will officially roll out the “Rice on Wheels Program for Retailers” to ensure the availability of affordable regular and well-milled rice to the general public......»»
Traders, importers to buy local raw sugar at premium
Sugar traders are keen on purchasing 300,000 metric tons of local raw sugar at a premium price in exchange for getting a priority allocation in future import programs of the government......»»
Market dips as traders tracked Wall St losses
Local shares went back in the red yesterday following a tepid lead from Wall Street as traders prepare for the release of key US inflation data and start of earnings season......»»
Higher shipping costs loom as Red Sea route suspended
The suspension of Red Sea routes by major shipping lines because of the continued attacks of Iran-backed Houthi rebels in Yemen is expected to result in higher shipping rates and delay the trade of goods which may affect exporters from ecozones, the Philippine Economic Zone Authority said yesterday......»»
Ging loca products/traders a fair chance
Ging loca products/traders a fair chance.....»»
Strawberry farm sting nets 2 drug traders, over P3.7M worth of dried cannabis
Two alleged drug traders trying to smuggle over P3.7 million worth of dried marijuana leaves were cornered in a sting operation at an open parking lot at the Strawberry Farm in barangay Betag, La Trinidad, Benguet Thursday dawn......»»
If he gets elected, Yogi Ruiz warns drug traders to leave Cebu City
CEBU CITY, Philippines — Illegal drug traders were warned by former Bureau of Customs Commissioner (BOC) and former Philippine Drug Enforcement Agency (PDEA)-7 Director Yogi Felimon Ruiz to leave Cebu City within 30 days if he is elected as mayor in the 2025 local and national elections. This was his promise as he is 100%.....»»
‘NFA lost P112 million after rice sale to traders’
The National Food Authority has incurred losses of at least P112 million after the sale of 150,000 bags of rice at only P25 per kilo to some traders, according to a farmers’ group......»»
Private traders to also face probe over NFA rice
The Department of Agriculture is ready to face the planned Senate investigation into the alleged anomalous sale of rice to traders by the National Food Authority......»»
NFA defends sale of cheap rice; farmers slam ‘mafia’
The National Food Authority yesterday defended the sale of rice to some traders, saying the NFA is allowed to dispose of aging stocks amid the alleged anomalous sale of rice to traders......»»
CSF traders find permanent home at Robinsons Starmills
CSF traders find permanent home at Robinsons Starmills.....»»
High meat prices blamed for protein deficiency among Pinoys
Higher prices of meat have caused protein deficiency and contributed to malnutrition among Filipinos, which affected their learning capacities, according to Sen. Cynthia Villar......»»
Increasing demand for electric vehicles
The Department of Energy (DOE) in Mindanao has observed a growing demand for electric vehicles (EVs). Engr. Adrian Mel B. Delola, a Science Research Specialist II at DOE Mindanao Field Office, discussed this trend during the Kapehan sa Dabaw on January 15, 2024. He highlighted the impact of the Electric Vehicle Industry Development Act (Evida Law), implemented on April 15, 2022, which has contributed to the increasing interest in EVs. Delola acknowledged that the current cost of EVs is a concern but expressed optimism that as demand rises, the number of charging stations will increase and the cost of units will subsequently decrease. He also addressed the presence of hybrid models in key cities in Mindanao and the challenge of limited car dealerships facilitating their distribution. Additionally, Delola touched on the use of e-trikes, classified as light EVs under RA 11697, and the regulations regarding their weight and use on national highways. The DOE is working with various agencies to address issues related to the registration and use of e-trikes. Sellers are also advising consumers on the proper use of e-trikes for private purposes and cautioning against their use on national highways......»»
Nestle, Danone see price hikes slowing after years of sharp increases
LONDON/PARIS (Reuters) -Two of the world’s top consumer goods companies, Danone and Nestle, said on Thursday they will slow price increases in 2024 after two years of hikes that prompted many shoppers to seek cheaper alternatives for basic goods like yoghurt and coffee. But Danone, which owns brands including Evian and Badoit waters and Activia.....»»
Expired canned goods, poultry wastes unearthed in the farm of Palompon mayor
ORMOC CITY, Leyte —Tons of poultry wastes and expired canned goods, believed to be intended as donations for Yolanda victims, were unearthed from a farm in Palompon, Leyte, reportedly owned by the town’s mayor, Ramon Oñate. On Sunday, January 21, 2024, the Department of Environment and Natural Resources (DENR) Region 8 spearheaded the excavation of.....»»
DTI allows manufacturers to downsize certain goods to offset rising costs
MANILA, Philippines — The Department of Trade and Industry (DTI) announced on Wednesday that manufacturers of essential goods can maintain profitability amid rising production costs by reducing product sizes or weights, instead of increasing prices. Trade Assistant Secretary Amanda Marie Nograles explained during the televised Bangon Pilipinas briefing that the DTI permitted this adjustment for.....»»
‘Traders must explain soaring prices of goods in probe’
Traders and middlemen must give the proper responses to congressmen, once the House committee on trade and industry continues its inquiry on the soaring prices of basic goods despite plunging farmgate prices, Speaker Ferdinand Martin Romualdez said last Monday......»»