The Government Service Insurance System headquarters in Pasay, Philippines. May 28, 2012. — BW FILE PHOTO THE Government Service Insurance System (GSIS) has launched a loan consolidation program offering relief for indebted government workers. “Through the MPL (Multi-Purpose Loan) max, we are throwing a lifeline to our members who are weighed down by debt. This […]
PHILIPPINE STAR/MICHAEL VARCAS THE PHILIPPINES needs to support its private sector by eliminating barriers to allow it to leave the middle-income economy category, the World Bank (WB) said. At the Anti-Red Tape (ARTA)-World Bank Forum on Monday, World Bank Global Indicators Group Director Norman Loayza said middle-income countries will need about 5% per capita gross […]
TRINA SOLAR FB PAGE TIGON POWER CORP.’s P12.36-billion ground-mounted solar power plant is set to receive green lane treatment after it was certified by the One-Stop Action Center for Strategic Investments (OSACSI), the Board of Investments (BoI) said. In a statement on Monday, the BoI said that a green lane certificate was awarded to Sapang […]
THE Department of Finance (DoF) rejected claims that it inflated its estimate of reserves held by the Philippine Health Insurance Corp. (PhilHealth) by P28.08 billion to justify the government’s raid on the health insurer’s funds. “The presentation is faithful. PhilHealth adopts an accrual basis of accounting for both revenue and expense recognition. This means that […]
PHILIPPINE STAR/MIGUEL DE GUZMAN THE National Food Authority (NFA) reported that it procured 208,691.6 metric tons (MT) of palay, or unmilled rice in the fourth quarter, equivalent to 4.17 million bags weighing 50 kilograms each. The NFA said procurement was significantly higher than the year-earlier total of 42,930.2 MT. Nevertheless, the quarter’s procurement amounted to […]
BW FILE PHOTO THE Bureau of Internal Revenue (BIR) has upheld the tax exemption on the P7,000 uniform or clothing allowance of government employees. “Pursuant to Sections 4 and 244 in relation to Section 33 of the Tax Code of 1997, these regulations are hereby promulgated to further amend RR Nos. 2-98, as amended, with […]
Capping off the first month of 2025, the Bureau of Internal Revenue (BIR) issued Revenue Regulations (RR) No. 004-2025 (RR No. 4-25), amending the rules on certain de minimis benefits. It increased the uniform and clothing allowance to P7,000, which was formerly P6,000 under RR No. 11-2018 (RR No. 11-18); and included cash and gift […]
In the ever-evolving world of online gaming, South Korean developer Joon Yung Min is making waves with his latest creation, Mobile Marble Race. This innovative platform, which integrates augmented reality (AR) with interactive gameplay, has captivated millions of players worldwide, positioning Min as a rising star in the tech industry. From Hospitality to High-Tech Min, […]
Horizon Terraces Garden Suites and Garden Villas Tagaytay Highlands, an expansive 1,200-hectare mountain resort community — spanning the provinces of Cavite, Laguna, and Batangas, has remained synonymous with distinction, luxury, and exclusivity for over 30 years. As Tagaytay Highlands continues to prepare for future generations, Highlands Prime, Inc., a subsidiary of SM Prime Holdings, envisions […]
The advocate of the Teenage Pregnancy Prevention Bill explains the importance of Comprehensive Sexuality Education (CSE), one of the key components of the bill, in curbing teenage pregnancy. “Dapat alam ‘yan ng lahat ng tao at bata (Everyone, including children, should know about it). This concept will protect them from experiencing sexual abuse and will […]