SM Prime& rsquo;s profit fell 48% to P14.4 b in 1st& nbsp;9 months

Property developer and shopping mall operator SM Prime Holdings Inc. said Monday net income dropped 48 percent in the first nine months to P14.4 billion from a year ago, even as the company reported a slight recovery from the impact of the pandemic in the third quarter......»»

Source: Abscbn AbscbnCategory: Sports6 hr. 59 min. ago Related News

Tips for Small Enterprises on How to Choose an EDR Solution that Suits Their Needs

The attacks taking place on small and medium enterprises (SME) are becoming more sophisticated, meaning that they cannot be easily prevented by traditional endpoint protection mechanisms. In such cases, timely incident detection is essential to minimizing any potential negative impact. However, this challenging task cannot be done without enhanced endpoint visibility, exploring suspicious activities, and […].....»»

Source: Abscbn AbscbnCategory: SportsOct 25th, 2020Related News

Importance of financial education, tech raised at Home Credit forum

Financial education has become more crucial today as many people struggle to cope with the economic impact of the coronavirus disease 2019 (Covid-19) pandemic, according to the panelists of a recent virtual forum held by Home Credit Philippines. During the forum, Sheila Paul, Home Credit Philippines’ chief marketing officer, emphasized technology’s role in enabling financial […].....»»

Source: Manilatimes_net Manilatimes_netCategory: NewsOct 24th, 2020Related News

Pacquiao seeks probe of Rice Tarrification Law, RCEF

Boxing icon and Sen. Manny Pacquiao has sought a Senate inquiry into the implementation of the Rice Tarrification Law, particularly the utilization of the Rice Competitiveness Enhancement Fund (RCEF). Senator Manny Pacquiao(EPA/JOSEPH VIDAL / PRIB / MANILA BULLETIN FILE PHOTO) In a resolution, Pacquiao said the purpose of Republic Act (RA) 11203, also known as the Rice Tariffication Law, is to ensure food security and to make the country’s agriculture sector viable, efficient, and globally competitive. President Duterte signed RA 11203 on Feb. 14, 2019. ‘’But after more than a year of its implementation, we have yet to fully account for the utilization of the RCEF,’’ Pacquiao stressed. Pacquiao said that before the implementation of RA 11203, the farm gate price of palay averaged P21.39 per kilo but when imported rice started flooding the market, it instantly dropped to P17.88 per kilo. Recent accounts from farmers disclosed that in Pampanga, Nueva Ecija, Sorsogon, Tarlac, and Laguna, the farm gate price is P7 up to P10 per kilo. Pacquiao said RA 11203 has provided the framework for the establishment of the RCEF which was set up to improve rice farmers’ competitiveness and income amid liberalization of the Philippine rice trade policy that lifted quantitative restrictions on rice imports and replaced it with tariffs, among others. The RCEF or the Rice Fund has a P10-billion annual appropriation for the next six years which will be drawn from taxes generated from rice import tariffs. The Department of Finance (DoF) and the Bureau of Customs (BoC) which are the lead agencies responsible for the collection of the import tariffs must account for the volume of rice imports since the lifting of the quantitative restriction on rice imports, the amount of tariffs collected, and the amount allocated to the RCEF, Pacquiao pointed out. The Department of Agriculture (DA) which is primarily tasked to manage the RCEF must provide a complete and detailed report on the disbursement and the utilization of the fund which was supposed to cushion the impact of rice import liberalization to the Filipino farmers, he added......»»

Source: NewsOct 24th, 2020Related News

Dev’t program for Filipino teachers in Cambodia launched

To help more than 1,000 Filipinos working as teachers in Cambodia, the Commission on Higher Education (CHED) and the Philippine Embassy in Phnom Penh have launched a development program to enhance their competencies and ensure high salaries. CHED Chairman J. Prospero de Vera III and Chargé d’Affaires Myca Magnolia signed last Friday a Memorandum of Cooperation to introduce the “Developing Global Filipino Teachers” program which aims to equip, capacitate, and enhance competencies of the 1,152 Filipino teachers in Cambodia. According to De Vera, the embassy alerted the commission last year on the plight of these Filipinos working as teachers in Cambodia as the majority of them are not licensed to teach due to lack of proper credentials. The CHED partnered with some universities, including St. Paul University, Cebu Normal University, and the Philippine Normal University, which are centers of excellence in teacher education, for the realization of professionalization of some of the OFWs who are not licensed professional teachers. “We cannot emphasize the importance of higher education in playing a critical role in the development of our citizens here and abroad. This memorandum of cooperation produces better collaboration and easier grasp of the problem at hand,” De Vera said. “The solution is now within our reach, thanks to the Developing Global Filipino Teachers program,” he added. Under the memorandum, those who are qualified for the program include professionals who are not graduates of the teacher education program who intend to take the Philippine Licensure Examination for Teachers (LET); in-service teachers who want to enhance their competencies and their impact in the classroom and beyond to understand global issues; graduates of education program but have not passed the Philippine LET; and those Teaching English to Speakers of Other Languages (TESOL). “This program is one of the manifestations of the Filipino ‘bayanihan’ spirit driving the Philippine higher education during this COVID-19 crisis. We grappled with the pandemic individually but we will conquer it together as one,” the CHED chief added......»»

Source: NewsOct 24th, 2020Related News

Shipping lines oppose arrastre charges on empty containers

The Association of International Shipping Lines opposed a plan by the Philippine Ports Authority to introduce never-before-assessed arrastre rates on empty containers, saying any addition to shipping costs will not augur well with the country’s efforts to rebound from the impact of the coronavirus pandemic......»»

Source: Thestandard ThestandardCategory: FinanceOct 23rd, 2020Related News

Cargill bullish, will pursue P12.5-b investments in PH

Cargill Philippines Inc. will pursue a planned P12.5-billion investments in the country over the next five years despite the adverse impact of the coronavirus pandemic on its operations, a top executive said Thursday......»»

Source: Thestandard ThestandardCategory: FinanceOct 23rd, 2020Related News

P46 billion COVID-19 response budget submitted for Duterte approval

Requests for the release of P46 billion for various projects aimed at cushioning the impact of the raging pandemic have been submitted to President Duterte’s office for approval, the budget department said yesterday......»»

Source: Philstar PhilstarCategory: NewsOct 22nd, 2020Related News

Pagdanganan living a dream, inspiring the youth

Next to working on achieving her goals in golf’s biggest arena, Bianca Pagdanganan is doing all she could to inspire the youth all over the world, especially back home, to take up the sport where she has quite made an impact so early in her rookie season on the LPGA Tour......»»

Source: Philstar PhilstarCategory: SportsOct 21st, 2020Related News

Olympics on alert for cyberattacks

Tokyo---Tokyo Olympics organizers said they were on constant alert for cyberattacks Tuesday but had yet to suffer “significant impact” after Britain accused Russia of targeting the Games......»»

Source: Thestandard ThestandardCategory: SportsOct 20th, 2020Related News

Pag-IBIG Fund& rsquo;s loan restructuring offers six months of payment relief

Pag-IBIG Fund said it is offering up to six months of payment relief, more affordable amortization and waived penalties under a special restructuring program to help home loan borrowers cope with the impact of the pandemic, top executives said Monday......»»

Source: Thestandard ThestandardCategory: FinanceOct 20th, 2020Related News

Understanding consultant vs contractor

In this time of uncertainty, COVID-19 continues to impact the public and private sectors and the way they operate......»»

Source: Philstar PhilstarCategory: FinanceOct 19th, 2020Related News

Be a responsible vaper in new normal

If the pandemic has taught humanity anything, it’s that simple actions—and even inactions—such as staying at home, practicing social distancing, and wearing a mask can have a direct impact......»»

Source: Thestandard ThestandardCategory: TechOct 19th, 2020Related News

House version of 2021 budget ready for Senate submission

"We don't want a reenactment of the 2018 budget. There is a huge penalty for that, and we need to fight the economic impact of the coronavirus pandemic," a lawmaker said. .....»»

Source: Philstar PhilstarCategory: NewsOct 19th, 2020Related News

EDITORIAL - Stress in the time of COVID

There is another aspect of the COVID pandemic that has yet to be properly addressed: its impact on mental health......»»

Source: Philstar PhilstarCategory: NewsOct 19th, 2020Related News

PBA: Cone bilib kay Racela

Bagamat hindi raw siya umaasam ng papuri mula sa iba ay ikinatuwa ni Blackwater coach Nash Racela ang pahayag ni Barangay Ginebra coach Tim Cone na ang bilis at lakas ng impact ni Racela sa kanyang bagong team. Ayon kay Racela, matapos matalo ang kanyang team sa Ginebra noong Huwebes ay sinuwerteng nagkita sila ni […] The post PBA: Cone bilib kay Racela appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsOct 19th, 2020Related News

UN: Misuse of terrorism laws catastrophic on civilians

The misuse of terrorism laws to address domestic strife and complex humanitarian settings can have a “catastrophic” impact on civilian populations, a United Nations expert has warned......»»

Source: Philstar PhilstarCategory: NewsOct 18th, 2020Related News

Corruption more damaging than pandemic – UN

Corruption is not only a crime but immoral and the “ultimate betrayal” of public trust, especially during the pandemic when its impact can be more damaging than the life-threatening disease, the United Nations said over the weekend......»»

Source: Philstar PhilstarCategory: NewsOct 18th, 2020Related News

UCPB sees lower 2020 earnings

Government-controlled United Coconut Planters Bank (UCPB) expects its earnings to decline this year due to the impact of the COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: FinanceOct 18th, 2020Related News

BOI offers stronger tax perks

For manufacturer Manufacturers in the Philippines are allowed to carry over any operating loss from financial year 2020-2021 as tax deduction from gross income over the next five taxable years, according to the Board of Investments (BOI). BOI Managing Head Ceferino Rodolfo said this has been  allowed under the Bayanihan to Recover as One Act or Bayanihan 2, which provides P165 billion in economic stimulus package. “A range of new financial measures and incentives are now available to manufacturers in the Philippines, thanks to new legislation recently signed into law,” said Rodolfo, who is also Trade and Industry’s Undersecretary for industry promotions group. The ‘Bayanihan 2 Act’ is aimed at helping the Philippines recover from the economic impact of Covid-19. It was signed into law by President Duterte in September. Elsewhere, he said, many qualified manufacturers will be exempt from business taxes, import duties, and other fees on a range of products.  This includes the production of medical equipment and Covid-19 related items such as Personal Protective Equipment (PPE), as well as the raw materials relevant to the manufacturing of these items.  The same relief measures will also apply to the production of equipment for waste management, including waste segregation, storage, collection, sorting, treatment and disposal services.  The Philippine Board of Investments (BOI) is urging manufacturers and other large businesses to take advantage of these provisions. For more details on doing so, businesses can book an appointment with BOI via their Facebook page and speak to a dedicated specialist. Information is also available on BOI’s Covid-19 resource hub for businesses.  “We know that Covid-19 is still having a significant impact on the operations of manufacturers across the Philippines, and we at BOI are doing all we can to help them,” said Rodolfo as he urged   businesses to visit BOI resource hub website and book an appointment with BOI via its Facebook page.  “Our dedicated specialists can help businesses understand more about how they can take advantage of the incentives and support in the Bayanihan 2 Act”  The Bayanihan 2 stimulus package consists of P140 billion of regular appropriations and an additional standby fund of P25.5 billion. Under the law, P3 billion will be allotted for the procurement of personal protective equipment, face masks, and face shields; P4.5 billion for the construction of temporary medical isolation and quarantine facilities and the expansion of government hospital capacity; and P13.5 billion for emergency employment and compensation of health workers. A total of P4.5 billion will be used to finance isolation facilities, hotel accommodation, food, and transportation of Covid-19 patients; and PHP5 billion for the hiring of contact tracers. Other allocations include P13 billion for the cash-for-work program; P9.5 billion for assistance to public utility drivers and other programs of the transportation department; P6 billion for “individuals in crisis” and other programs of the social welfare department; P4 billion for the tourism industry; and P4 billion for the education department’s implementation of digital learning. Bayanihan 2 is the second installment of the Bayanihan to Heal as One Act (Bayanihan 1), which gave Duterte emergency powers to address the Covid-19 crisis in the country. The Bayanihan 1 law, signed by the president on March 25, already expired on June 25, 2020......»»

Source: Abscbn AbscbnCategory: LifestyleOct 18th, 2020Related News