Lotto winner must decide how the 20% tax on his winning should be spent



By Rose de la Cruz


With almost P200 million expected from the final tax of the P1-billion pot from the 6/58 draw, Rep. Harlin Neil Abayon III, AANGAT Tayo partylist and deputy minority leader, is proposing that this be decided by the winner, and not automatically go to the government as the TRAIN (or tax reform for acceleration and inclusion) law provides.


Abayon said if he would win that pot, he would ask the government to put it on programs for the youth (millennials like him), Warays and the senior citizens.


The TRAIN law grants…

Read more: Lotto winner must decide how the 20% tax on his winning should be spent

Financial regulators must upgrade their rules



By Rose de la Cruz


With many financial transactions now taking place with the speed of light, through internet, there is a need to upgrade and update the regulations of financial regulators to ensure better protection of the consumers.


This was the proposal of Rep. Henry Ong, 2nd district, Leyte and chair of the house committee on banks and financial intermediaries, as he cited the need to upgrade the regulatory powers of the Bangko Sentral ng Pilipinas, Securities and Exchange Commission, Insurance Commission and the Cooperative Development Authority.


In introducing House Bill 8301, Ong said…

Read more: Financial regulators must upgrade their rules

September Inflation higher at 6.7 percent



By Rose de la Cruz


From just 6.4 percent August, headline inflation in September rose again to 6.7 percent with the continuous surge in food, fuel and transport costs.


But the Bangko Sentral ng Pilipinas said the year-to-date average of 5 percent is above the Government's announced inflation target range of 3 percent ± 1 percentage point for 2018.


 By contrast, core inflation which excludes selected volatile food and energy items to measure underlying price pressures— eased to 4.7 percent in September from 4.8 percent in the previous month. Likewise, month-on-month seasonally-adjusted headline inflation…

Read more: September Inflation higher at 6.7 percent

 Only 8% of students get to college


By Rose de la Cruz


Of the 25.9 million students in the Philippines, only 8 percent enter college and less than 20 percent finish a degree. The rest drop out of college from poverty or other obstacles.


The breakdown of the 25.9 million students is: 2.1 million pre-school or 8 percent; 14.3 million primary or 55.2 percent; 7.4 million high school, 28.6 percent and 2.1 million tertiary (college) or 8.1 percent.


For every 100 kindergarten students, 47 finished high school, 20 went to college and only 10…

Read more: Only 8% of students get to college

Duterte urged to sign law on 105-day maternity leave



By Rose de la Cruz


President Duterte was urged to sign a bill, now pending in his office, expanding the maternity leaves to 105 days.


Rep. Bernadette Herrera-Dy also urged the employers to consider the welfare of their employees first because good corporate social responsibility must start at the workplace.


The quest for much better maternal health and strengthening of the Filipino family through expanded maternity benefit will soon be realized, she said.


The direct cost impact of the 105-days of maternity leave is small. Of the 256,472 women who availed of SSS maternity benefits…

Read more: Duterte urged to sign law on 105-day maternity leave

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