THE Philippines and other Asian economies must focus on inclusive growth and on building fiscal and social buffers to cash in on the region’s greater role in global trade, Finance Secretary Cesar V. Purisima said, even with the Chinese economy currently rebalancing.
THE Bureau of Internal Revenue (BIR) said it will not accredit any receipt-printing companies which have any pending cases related to tax disputes.
Cebuana Lhuillier National Pilipino Protektado Day MANILA (PNA) –- Cebuana Lhuillier, the country’s largest microfinancial institution, launched Wednesday the National Pilipino Protektado Day, an initiative that promises to provide more security to different communities in the Philippines. During the unveiling of the project on today at the Fairmont Hotel Makati, the company, in partnership with Pioneer Insurance, announced that it will be giving away free microinsurance covers to one million Filipinos within the days leading up to July 21, the date hailed as the National Pilipino Protektado Day. Cebuana Lhuillier president and CEO, Jean Henri Lhuillier said that the project is perfectly inline with the company’s mission of financial inclusion. ”We at Cebuana Lhuiller have been pushing for financial inclusion and this is just one of the many that we believe get us closer to that goal. Disasters wreak havoc to different communities in the country, resulting to loss of life and livelihood, so it is imperative that everyone is properly protected. More than having the usual emergency kits, obtaining microinsurance is another practical way,” he said. During his speech, Lhuillier acknowledged the value of relief operations conducted by government agencies and volunteer groups such as the Department of Social Welfare and Development, The Red Cross, Oxfam International, Global Peace Foundation, Girl Scouts of the Philippines, and Boy Scouts of the Philippines. He also announced that the first batch of microinsurance covers will be given to these organization’ constituents. The group were also awarded with emergency relief kits, life vests Read More …
Home BORACAY ISLAND, Aklan (PNA) – A spa and wellness resort in this tourist island was chosen as one of the nominees for the 2nd World Spa Awards. Mandala Spa and Resort Villas has been nominated in two categories, particularly, Asia’s Best Wellness Retreat and Philippines’ Best Wellness Retreat. Situated in a private area in this resort island, Mandala Spa and Resort Villas is the only Philippine property nominated for the Asia’s Best Wellness Retreat category. For the Philippines’ Best Wellness Retreat category, Mandala will compete against Nurture Village in Tagaytay and The Farms in Batangas. Voting for the finalists is done online through the World Spa Awards website: worldspaawards.com. Deadline for voting will be on July 25.(PNA)
Philippine flags are put on display at Rizal Park in Manila on Thursday in preparation for the commemoration of the 118th National Flag Day on May 28. The National Flag Day celebrates the unfurling of the Philippine flag for the first time after the Battle of Alapan in Imus, Cavite. (MNS photo) MANILA, June 1 (Mabuhay) – The Philippine Navy on Wednesday reiterated that it will “defend and protect what is rightfully ours” during its 118th founding anniversary, which coincided with the commissioning of its biggest ship to date, the BRP Tarlac. Vice Admiral Caesar Taccad, flag officer in command of the Philippine Navy, highlighted the “urgency of the threat against our maritime interests and possibly our territorial integrity,” saying “the enemy stands at our doorstep.” “The need for our country to bring more focus to territorial defense is more pronounced than ever, a need which we have to answer to even while we are addressing our internal security problems our commander-in-chief once said, what is ours is ours,” he said. “Sir, rest assured that your Navy will abide by its duty to defend and protect what is rightfully ours,” Taccad told President Benigno Aquino III, commander in chief of the Armed Forces of the Philippines (AFP), who was the guest of honor at the event. The Philippines is embroiled in an ongoing territorial dispute with China, who claims almost the entire South China Sea, believed to have rich deposits of oil and gas. The Philippines refers to parts of Read More …
Presidential candidate Davao Mayor Rodrigo Duterte and running mate Sen. Alan Peter Cayetano arrive at the Makati Business Club forum on Wednesday. The recent survey conducted on April 16-20 shows Duterte gaining bigger lead over Sen. Grace Poe.Jonathan Cellona, ABS-CBN News MANILA, June 1 (Mabuhay) – Senate Majority Leader Alan Peter Cayetano warned corrupt public officials on Wednesday that their days are numbered under the administration of President-elect Rodrigo Duterte. “Sa ilalim ng administrasyong Duterte, hindi na pwede ang mga opisyales na korap, mabagal at pateka-teka (Under the Duterte administration, there is no room for corrupt, slow and inefficient officials.). It’s either they shape up or ship out. They have one month,” Cayetano, who ran with Duterte in the last May 9 elections, said in a statement. Duterte will assume office on July 1, 2016. Cayetano said government officials and employees should use the time before Duterte’s inauguration to prove their worth to the people, who he said have high expectations from the new government. “Sanay si Presidente Duterte sa mabilis na aksyon at matapang na solusyon (President Duterte is used to quick action and brave solutions). We must therefore match his political will and the people’s expectations for real change by making sure that we become the best agents of change,” he said. He also warned corrupt public officials that their days are numbered. “Kayong mga kurakot sa gobyerno, bilang na ang araw ninyo. Kung hindi ninyo kayang magbago, umalis na kayo sa pwesto ninyo (The days of corrupt Read More …
High waves brought about by strong winds pound a fish port, hours before typhoon Ruby passes near the city of Legazpi on Sunday. Ruby tore apart homes and sent waves crashing through coastal communities across central Philippines, adding to the spate of deadly disasters. (MNS photo) MANILA, June 1 (Mabuhay) — Malacañang on Wednesday assured that the government is already carrying out several measures to address the possible effects of the La Niña weather phenomenon, which is expected to hit the country this year. “As part of its overall strategy on climate change resiliency, government is implementing a comprehensive program on mitigating the harmful effects of the possible onset of the La Nina scenario,” Communication Secretary Herminio Coloma, Jr. said in a statement. “This covers agriculture, flood control and disaster risk reduction measures at the grassroots level.” The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) has warned the public of the possibility of a La Niña event occurring later this year, after El Niño ends. La Niña, the opposite of El Niño, is characterized by above normal rainfall, strong monsoon activity, and the formation of more tropical cyclones. According to PAGASA, a strong El Niño is usually followed by an equally strong La Niña. Although El Niño is waning, PAGASA said it would continue to cause below normal rainfall and warmer air temperatures in the country in the next several months. From 1997 to 1998, the country experienced a strong El Niño, which was followed by a La Niña Read More …
A DEPARTMENT of Trade and Industry (DTI) official said an export recovery is expected once the effects of El Niño fade, and expressed confidence in the $100-billion target for 2017.
DISTRIBUTION utility Manila Electric Co. (Meralco) is exploring the legal remedies available to it as the energy regulator finally implements rules that allow greater competition in the retail electricity market as well as open to eligible users full access to the country’s transmission grid and private utilities’ distribution system.
Long before the lifeblood theory of taxation was laid down by the Supreme Court, the Roman philosopher, orator and political theorist Marcus Tullius Cicero (3 January 106 BC to 7 December 43 BC) stated: “Taxation is central to the existence and functioning of a nation, as well as to the functioning of its lower levels of government”. Under the Roman empire, paying taxes was an attribute of Roman citizenship which gave citizens the right to enforce their rights.