LONDON — Some of the nations most vulnerable to climate change face a sharp rise in debt service payments in the coming two years, hampering their ability to invest in climate proofing and shoring up their economies, a research report found. The Vulnerable Group of Twenty (V20) — a group of 55 economies exposed to […]
Tag: relief
Bill to double subsidies to state workers
A BILL doubling the monthly subsidy given to government employees, military and uniformed personnel to P4,000 has been filed at the Senate. “With the worsening inflation rate or the increasing costs of some common services and products purchased by consumers, the amount of personnel economic relief allowance received by government workers is no longer significant,” […]
Fuel fund relief should be sustainable — PNOC
THE PHILIPPINE National Oil Co. (PNOC) on Wednesday asked senators to include a clause in the 2023 General Appropriations Act (GAA) that will make the proposed targeted fuel relief fund sustainable. “We need a special provision in the GAA that will make the targeted fuel relief fund, with a budgeted amount of P2.5 billion, become […]
Operation Smile Philippines gives relief to 1,800 families in Vismin
OPERATION Smile Philippines (OSP) has reached more than 1,800 families through its Oplan Smile, a series of concentrated calamity relief operations to aid the communities in Visayas and Mindanao affected by Typhoon Odette (Rai).Oplan Smile managed to procure, pack and distribute relief kits to 1,830 families, together with Operation Smile Student Programs Philippines in Cebu, […]
TikTok-famous ‘Diff Fam’ dance crew conducts ‘Odette’ relief ops in Cebu with AP Partylist
THE “Diff Fam” dance crew has proven that it is more than just TikTok-famous, as it embarked on the first of a series of community relief efforts, distributing food packs…
Odette agri damage at P3.6B, BFAR mobilizes rescue ops
The estimated damage caused to agriculture by Typhoon Odette (international name: Rai) has been increased to P3.6 billion, with over 67,573-hectares of land and 47,048 farmers and fishermen affected, the Department of Agriculture (DA) said in a report. The Bureau of Fisheries and Aquatic Resources (BFAR) announced that it would mobilize its floating assets to […]
DoF orders 24/7 processing for relief goods’ tax exemption
THE FINANCE department has directed the revenue office to speed up the processing of tax exemptions for imported relief goods intended for areas devastated by typhoon Rai, locally named Odette. Finance Secretary Carlos G. Dominguez III ordered the Bureau of Internal Revenue to work in shifts to process tax exemptions 24 hours a day so […]
Supplies running low for survivors of typhoon
PHILIPPINE officials and residents of areas that bore the brunt of typhoon Rai, locally named Odette, pleaded for food, water, and shelter on Tuesday as damaged roads, flooding, and severed power and communication lines hampered relief efforts. Rai struck last Thursday, the strongest typhoon to hit the archipelago this year, killing nearly 400 people and […]
PSALM estimates P822M in savings from tax relief EO
THE POWER Sector Assets and Liabilities Management (PSALM) Corp. said it expects to save P822 million from the 2021 real property tax (RPT) relief granted by Executive Order (EO) 157 to parts of the power industry. “With the issuance of this, PSALM’s 2021 RPT obligations amounting to about P1.02 billion at an 80% assessment rate […]
Bacolod councilor: Enforce tax relief ordinance
“IMPLEMENT tax relief.” This was the appeal of Bacolod Councilor Al Victor Espino to the City Treasurer’s Office (CTO) amid the non-implementation of the City Ordinance No. 953 or the Ordinance granting relief to delinquent real property taxpayers in the city. Espino, chair of the City Council committee on ways and means, said Friday, December […]
Microfinance regulator eases compliance requirements for NGOs
THE Microfinance NGO Regulatory Council (MNRC) said it has eased the requirements for non-government organizations (NGOs) engaged in such lending in order to avert any failure to comply with the law governing the industry. Memorandum Circular No. 1 Series of 2021 detailed prudential relief measures such as the relaxation of the P1 million minimum […]