Archive for the ‘Finance’ Category

Yasay as BSP governor?

• Foreign Secretary Perfecto Yasay Jr is being considered to be governor of Bangko Sentral ng Pilipinas. • Former President Gloria Macapagal Arroyo is being eyed to be foreign secretary but she really wants to be speaker of the House of Representatives. • Businessman and Philippine Star columnist Jose Manuel “Babes” Romualdez will be the […]

December 9, 2016   Posted in: Finance, Foreign Affairs  8 Comments

Alibaba’s Jack Ma in APEC

Aside from President Xi Jinping, another APEC guest from China is stirring interest. He is Jack Ma, founder and chairman of the Alibaba Group, the largest marketplace in the world which is expected to be worth over $150 Billion by next year, according to Ma is the second richest man in China (Forbes: $28.7 […]

November 10, 2015  Tags: , ,   Posted in: Economy, Finance  26 Comments

Hacking negates convenience credit card offers

I don’t do online purchases for fear that information about my credit card would be mis-used. That’s why I was surprised and outraged when I got a notice by email the other night that I was being charged two purchases, $39.99 each totalling $79.98 almost $80.00 or P3,600.00. The items downloaded were both Disney story […]

January 21, 2015  Tags:   Posted in: Finance, Malaya  9 Comments

Ways and Means committee:pitfall for two Batangueño legislators

In a period of one year, the Ways and Means committees of both legislative chambers claimed two Batangueños. Last Monday, Sen. Ralph Recto resigned as chair of the Senate Ways and Means committee after he found himself a target of criticisms for his committee report and his own version of the Sin Tax bill which […]

October 16, 2012  Tags: , , ,   Posted in: Finance, Health, Malaya  301 Comments

HB5727: more revenues, less poison for the people

Update: Last Wednesday, the House Ways and Means Committee, voting 46-14, passed HB5727. The fact that House Bill 5727 has reached this far at the House Ways and Means Committee bodes well for the legislation that aims to raise sin taxes making it more expensive for Filipinos to ruin their health. The Ways and means […]

May 7, 2012  Tags:   Posted in: Finance, Health  261 Comments

Making consumption of sin products expensive

If you have not yet signed the manifesto for HB 5727, it’s time you take a look at it. There’s one in Facebook: HB 5727, authored by Cavite Rep. Joseph Emilio Abaya, calls for the restructuring of the excise tax on alcohol and tobacco products. The rationale is that, if prices for what we […]

May 1, 2012  Tags: ,   Posted in: Finance, Health, Malaya  26 Comments

No peace in PEACe bonds

How would you feel if you lent someone P100 with the agreement that he would pay you back P350 after ten years and when payment time comes, he will tell you he will pay only P300 because he had to deduct tax although when he borrowed the money he told you that the transaction was […]

October 19, 2011  Tags: ,   Posted in: Finance, Malaya  263 Comments

8 banks ask SC to stop gov’t from imposing tax on PEACe Bonds

Let’s see how President Aquino will resolve this because it involves people who helped him in his bid for the presidency. Lorenz Neil Santos, Eight banks on Monday asked the Supreme Court to stop the government from imposing a 20-percent final withholding tax on P35 billion worth of the controversial Poverty Eradication and Alleviation […]

October 18, 2011  Tags: ,   Posted in: Finance  9 Comments

BIR finds Code-NGO liable for P4.86B tax for PEACe Bonds

By Luz Rimban and Yvonne T. Chua VERA Files The Bureau of Internal Revenue has found the Caucus of Development NGO Networks (Code-NGO) liable to pay close to P5 billion in taxes for its purchase of the so-called PEACe Bonds 10 years ago. In BIR Ruling No. 370-2011 dated Oct. 7, Commissioner Kim Henares reiterated […]

October 17, 2011  Tags: ,   Posted in: Finance, Vera Files  10 Comments

Oras na ng bayaran ng P35 bilyun na PEACe Bonds

Nabuhay na naman ang usapang PEACe Bonds ( Poverty Eradication and Alleviation Certificates) dahil sa Oktubre 18, magbabayad na ang pamahalaan ng P35 bilyon sa ibinentang bonds na ang kumita ng husto ay ang CODE-NGO (Caucus for Development-Non-Government Organization). Click below for: Position paper of CODE-NGO on Peace Bonds Statement of the Freedom from Debt […]

October 9, 2011  Tags: ,   Posted in: Finance, Malaya  48 Comments