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Archive for June, 2007

Jeepney fare back to P7.50 in Metro starting July

Posted by Michille on 29th June 2007

By Riza T. Olchondra

MANILA, Philippines – Commuters should start paying more attention to their loose change.

This July, the minimum jeepney fare in Metro Manila, Central and Southern Luzon will go back to P7.50, the Land Transportation Franchising and Regulatory Board (LTFRB) said after a hearing yesterday.

No date, however, has been set for the implementation of the fare increase, although LTFRB Chair Thompson Lantion said it could be on July 2 or 3, depending on the agency’s decision.

INQ7.NET!

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Posted in Philippine News | No Comments »

JEEP FARE UP BY 50¢

Posted by Michille on 29th June 2007

By FRANCIS T. WAKEFIELD

The Land Transportation, Franchising and Regulatory Board (LTFRB) said yesterday that starting July 2, jeepney passengers would have to shell out 50 centavos more for their fare after authorities approved the petition by transport groups for a return of the minimum rate from P7 to P7.50.

LTFRB Chairman Thompson Lantion, in an interview, said he approved the petition because there was no objection raised against it during a public hearing.

TEMPO!

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Posted in Philippine News | No Comments »

Revenue agencies rev up economic growth

Posted by Michille on 29th June 2007

by Jemin B. Guillermo

Roxas City (29 June) — The government’s revenue collection agencies are stepping up their activities to sustain the economic growth and stability of the country.

This is in line with President Gloria Macapagal-Arroyo’s fiscal economic reform to strengthen the country’s economy.

The President said that the gains from the pain of tax raising will be poured into human capital and physical infrastructure, namely, education, healthcare, new bridges, roads and ports, and upgrade the competitiveness of the Philippines.

According to Information Officer Ma. Gracia Balgos of Bureau of Internal Revenue (BIR) in Capiz, from January to May this year, their revenue collection has reached P170,283,538.93.

Compared to the P 149,014,778.16 tax collection over the same period last year, a P21,268,760.77 or 14.27 percent increase in collection was noted, Balgos said.

While there is an increase in their revenue collections, Balgos said that they are still taking all measures to ensure that exact taxes are remitted to the government coffers.

On the other hand the Bureau of Customs (BOC) is also determined to strengthen its revenue collection drive with the use of new and updated imports valuation database, X-ray scanning system in ports, and the review of bulk shipments in the last three years by the bureau’s newly created Post Entry Audit Group.

The intensified revenue collection drive is in line with the administration’s focus on ensuring that the country’s economic gains are sustained and a balanced budget is achieved by 2008.

In the implementation of new measures, the BOC hopes to collect an additional P8.425-billion revenue in the next three months, Malacañang said.

Malacañang said that the bureau is also banking on the incoming oil imports as well as additional revenue from unpaid duties and taxes of oil importations in the last three years to get the BOC’s collection drive back on track. (PIA)

PIA!

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Posted in Philippine News | No Comments »

Rain hampers aid flights for Pakistani storm victims

Posted by Michille on 29th June 2007

QUETTA, Pakistan – Bad weather frustrated efforts to fly help to stranded Pakistani cyclone victims on Thursday as authorities said more areas were being flooded and up to 800,000 had been affected.

The cyclone struck Pakistan’s southwest coast on Tuesday killing 17 people, three days after a storm battered the nation’s biggest city, Karachi, killing about 230.

Early rainy season storms in India have killed about 150 people and stranded thousands, while a new storm looming off India’s east coast threatened more devastation.

ABS-CBN INTERACTIVE!

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Posted in World News | No Comments »

DFA ready to compete

Posted by Michille on 29th June 2007

THE Davao Football Association (DFA) plans to compete in the Philippine Olympic Festival (POC) qualifying tournament on July 23 to 28, 2007, in Sarangani.

DFA secretary-general Erwin Protacio, in a statement, said it’s still tentative though including the venue. “But we have confirmed our participation to the meet featuring under-15 and u-17 categories,” Protacio said.

He said their participation depends on local government unit (LGU) support.

SUN.STAR DAVAO!

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Posted in Davao City | No Comments »

Crown Communities identifies aspects of homebuying

Posted by Michille on 29th June 2007

THE availability of funds is a primary factor that influences a person’s decision to purchase a home, and to make things clearer as to the costs involved, Crown Communities has identified three major aspects in home buying. These three aspects are reservation fee, down payment and the remaining balance.

Most developers require the payment of a reservation fee. This marks the person’s sincerity in purchasing a home. Usually reservation fees are non-refundable but with Crown Communities, some projects offer reservation fees as deductible from the total contract price in spot cash payments.

Reservation fees range from P5,000 to P40,000 depending on the property’s total contract price.

SUN.STAR CEBU!

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Posted in Philippine News | No Comments »