DTI urged to pass IRR on gift checks

 

 

Rep. Henry Ong, 2nd district of Leyte and vice chair of the Committee on Banks and Financial intermediaries, urged the Department of Trade and Industry to pass the implementing rules and regulations on the gift check non-expiry act (HB 6016) in time for Christmas 2017.

 

The proposed Gift Check Non-Expiry Act passed the bicameral conference committee phase and could be ratified soon after Congress returns from its month-long break to consult constituents and resumes session on November 13.

 

Ong said he hopes the bill and other bills that have gone through bicam will be signed during November and…

Read more: DTI urged to pass IRR on gift checks

The Money Trail at the Ports

By Chito L. Junia

 

WHOEVER thought that only Bureau of Customs (BOC) and Philippine Ports Authority (PPA) officials, customs brokers, port and warehouse operators and truckers are getting a slice of the millions of pesos that exchange hands at the ports daily, either legally or illegally?

Apparently, the money trail at the ports goes all the way up from the lowly security guards up to high officials of the government and private port stakeholders. 

There was a time at the Bureau of Customs (BOC) when the “haoshiaos” (pseudo operators and employees) flourished as they allegedly handled the illicit…

Read more: The Money Trail at the Ports

Weak Philippine Labor Movement

THE Philippine government is not a socialist state despite President Rodrigo Roa Duterte’s claims that he is a “socialist” or a “leftist.”

Thus, a true Marxist, or even a veteran bearer and advocate of Mao Tse Tung Thought, should know that Duterte’s promise to end contractualization in the country when he was still campaigning to win the May 9 elections will not be carried out.

A politician’s promises are part of his tactic to win votes. Duterte was not exempted from that dirty old tactic.

Remember that Duterte made the promise to end contractualization once he becomes president not…

Read more: Weak Philippine Labor Movement

Inclusive economy to sustain PHL growth

INCLUSIVE growth is necessary in order for the Philippines to sustain its growth momentum according to Finance Secretary Carlos Dominguez III.

In a recent speech before the Economic Journalists Association of the Philippines (EJAP), Dominguez pointed out that in the Philippines, market information and other issues related to the economy are kept from ordinary Filipinos and exchanged within a narrow section of the population, “a testament to our economy being an exclusive rather than an inclusive one.”

“This situation cannot persist for too long. Unless our economy becomes truly inclusive, with ordinary folk making market decisions and shaping economic…

Read more: Inclusive economy to sustain PHL growth

Freedoms of the Air

The signing of the Chicago Convention on International Aviation in 1944

By Romeo N. Dyoco 

WHEN nation-states began to be established on the face of the earth, one immediate concern was to establish jurisdiction and control over their territorial coverage. 

This was obviously politically and economically strategic. In fact, many ambitious nations sought to expand their territories even to the extent of waging wars against other nations. Conquests and colonization became major policy and strategic undertakings.

Each country, in most cases, easily defined the coverage and limits of its territory in terms of the land and the sea (waters).…

Read more: Freedoms of the Air

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