Calata Corp. was delisted following multiple violations, including alleged stock manipulation and tax evasion charges slapped against its president, Joseph Calata. “He (Joseph Calata) was saying, ‘The book value is at P3.00 [per share], it’s [going to]cost us about a billion,’ but nobody said that the tender offer price had to be at book value,” PSE President Ramon Monzon explained. Monzon pointed out that no rule states that a listed firm should conduct a tender offer based on its book value. Monzon said the bourse’s action to remove Calata Corp. from the roster of listed companies is just part of its job. As an alternative, Joseph Calata earlier said he would list the company on three cryptocurrency exchanges in Europe using what he dubbed as “Calcoins.”
December 15, 2017 17:37 UTC
Action for Economic Reforms (AER) and health advocates on Friday appealed to the President to veto the provision pertaining to the “low” tobacco tax rate in the newly ratified Tax Reform for Acceleration and Inclusion (Train) bill. In the Train bill, the tobacco tax rate is only P32.50 per pack, or an increment of only P1.30 per pack of cigarettes, in the first half of 2018. The marginal increase in tobacco tax rate will not significantly reduce the number of smokers,” Diosana said in a statement. Advocates also found out that the ratified Train bill could supersede the mandatory allocation of 85 percent of incremental revenues from tobacco taxes for PhilHealth and other health programs. Under the Train bill’s tobacco excise tax provision, Congress raised the cigarette tax from P30 to P32.50 per pack for the period January to June 2018, and to P35 beginning July 2018.
December 15, 2017 17:26 UTC
We monitored [such recruitment]in the municipalities around Marawi, the immediate vicinity of Marawi,” Arevalo told reporters. Military ruleMindanao has been under military rule since May 23, when fighting broke out between the Maute terror group and government forces in Marawi City in Lanao del Sur. Under the Constitution, martial law may be declared for 60 days if there is an actual rebellion or invasion and when public safety requires it. Upon the recommendation of President Rodrigo Duterte before the expiration of his martial law proclamation on July 22, Congress extended it to December 31, 2017. With the additional extension, martial law will be in effect in Mindanao from January 1 to December 31, 2018.
December 15, 2017 17:26 UTC
Pacquiao adds punch to boxing program 0 SHARES Share it! Share TweetBy Ding MarceloManny Pacquiao has taken a break from his busy schedule to promote a grassroots boxing program that aims to discover young boxers for future international competitions. In the past, this Filipino sports treasure showed a preference for basketball over boxing, showbiz over boxing, religion over boxing, politics over boxing, and nearly everything else over boxing. There is actually nothing new in this program that has not already been tried by the PSC or the ABAP. Most sports officials prefer to win medals, even if they’re from cheaper competition sites like the Southeast Asian Games, as long as they’re medals.
December 15, 2017 17:26 UTC
FORMER Iloilo representative and Technical Education and Skills Development Authority (Tesda) chief Augusto Syjuco Jr. filed criminal complaints before the Office of the Ombudsman on Friday against former president Benigno Aquino 3rd and former health secretary Janette Garin in connection with dengue vaccine mess. In his complaint-affidavit, Syjuco accused Aquino and Garin of mass murder and other related and resultant crimes through reckless imprudence and negligence, plunder and graft and corruption. Syjuco likened the Dengvaxia vaccine to the Mamasapano massacre, which brought about the deaths of 44 Special Action Force (SAF) troopers. Syjuco also slammed Ombudsman Conchita Carpio-Morales for having “selective justice” in favor of Aquino since Syjuco has filed 17 cases but none have reached. The previous Aquino administration purchased P3.5 billion worth of Dengavaxia dengue vaccine in December 2015 to address rising dengue cases in Metro Manila, Central Luzon, Calabarzon and Eastern Visayas.
Tropical Storm “Urduja” (international name: “Kai-tak”) continues to threaten Eastern Visayas, particularly the Samar provinces, according to the Philippine Atmospheric Geophysical and Astronomical Services Administration (Pagasa). 2 remained over Samar, Eastern Samar, Northern Samar and Biliran. The red rainfall warning was hoisted over Southern Leyte, Leyte and areas under Signal No. 2, while the yellow rainfall warning was raised over Bohol, Cebu and Siquijor. Urduja was expected to weaken into a tropical depression by Sunday on its way through the Visayas, the weather bureau said.
Secillano said priests were not entirely at fault because it was the churchgoer’s duty to be prepared to go to church. The CBCP official also urged the faithful to be responsible Mass-goers. Homilies need not always revolve around current issues, but they should be relevant to the lives of the people, he said. The Simbang Gabi is also known as the “Misa de Aguinaldo,” votive Masses elebrated in the early hours of the morning nine days before the Nativity. Fidel Villarroel, O.P., “there is no precise record of when the Aguinaldo Masses started in the Philippines.
“Definitely, we are doing that motu proprio [probe on alleged human rights violations]. Our troops are educated and informed about human rights and international laws, and [they know]that we must be advocates in this regard,” Arevalo said. It added that regional line agencies would also coordinate with them to closely monitor the implementation of martial law and any forms of abuse in the region. “We are on strict directive by the leadership, led by our Chief of Staff General Rey Leonardo Guerrero, that we are duty bound to implement martial law with outmost respect for human rights and international humanitarian law. Contrary to the fears raised by human rights advocates, some Mindanaoans expressed their support for the extension of martial law in the region.
THE LAND Transportation Office on Friday filed a complaint before the Quezon City prosecutor’s office against a security guard who was flagged down for reckless driving and for driving under the influence of alcohol. Charged for violation of Republic Act 10586 known as the Anti-Drunk and Drugged Driving Act of 2013, was Elmer Dela Cerna who was on board his motorcycle when accosted along Tomas Morato Avenue, Quezon City . LTO National Capital Region Director Clarence Guinto, said Dela Cerna failed the three sobriety tests which include: the horizontal eye test, walk and turn, and the one leg lift. Dela Cerna was brought to the Quezon City Police District Station 10 in Kamuning, where he was booked for inquest proceedings. Dela Cerna was charged with violation of Section 5 of Republic Act 10586.
Cruz, General Roxas, Quezon City for which a transfer certificate of title (TCT) was issued in his name. Register of Deeds Cruz knowingly issued said TCT, thus along with Baltao, the BIR said he is criminally liable under the Tax Code. Also charged was for violating the Tax Code was Quezon City Register of deeds Danilo Cruz. Meanwhile, the BIR on Friday filed separate criminal complaints against two delinquent corporate taxpayers for their willful failure to pay taxes under the Tax Code. 7-B 12th Avenue, Murphy, Cubao, Quezon, was sued for failing to pay her deficiency tax liability for taxable year 2009 amounting to P4,975,252.35, inclusive of increments, broken down as follows: Income Tax (IT) – P3,074,861.68; Value-Added Tax (VAT) – P1,891,539.60; and Expanded Withholding Tax (EWT) – P8,851.07.
Customers of Manila Water Co., Inc. and Maynilad Water Services, Inc. will be paying higher rates soon as the two water concessionaires announced on Friday that they would implement a rate adjustment in January. Households that consume 10 cubic meters or less would see their water bill increase by P2.70 from P118.95 to P121.65. Those consuming 20 cubic meters would see their water bill increase from P445.56 to P455.74, a difference of P10.18. Meanwhile, those consuming 30 cubic meters a month would notice a hike of P20.78 in their water bill, from P909.54 to P930.32. Maynilad, which was re-privatized in 2007, is the country’s largest private water concessionaire in terms of customer base.
On September 24, 2017, a Trump tweet warned that the North Korean leadership would not “be around much longer” if they continued their rhetoric. The most recent move from the US was a new show of superior military force aimed at North Korea. China’s engagementConsistently, China was an ally of North Korea during the Korean War (1950-1953) and remains its treaty ally. The threat of a military confrontation, however, makes China rethink its resistance to discussing contingencies involving North Korea. Curiously, North Korea has said in public statements in the past that it wants an official end to the Korean War.
December 15, 2017 16:30 UTC
I think the proper standard against which the Dengvaxia program, should be judged is the fundamental principle of medical ethics: “Do no harm.” It should eventually face also the law on plunder. If physicians took “first, do no harm” literally, no one would have surgery, even if it was lifesaving. From harm to plunderI cannot rest this comment on Dengvaxia on just the transgression of an ethical principle. It listed the suspicious and scandalous aspects of the Dengvaxia deal, as follows:1.The Senate inquiry into the P3.5-billion Dengvaxia vaccine scandal was not the first time that a congressional inquiry was held on the issue. Aquino also claimed that the choice and purchase of the dengue vaccine was a matter of great urgency for the nation.
December 15, 2017 16:30 UTC
DAVAO CITY, Philippines — Not every 18-year-old gets to have Malacañang as backdrop for her coming-out party. Paolo is now married to January Navares, a member of the Davao City Council. “There is nothing wrong if the President’s grandchild poses for pictures inside Malacañang,” presidential spokesman Harry Roque said. Asked if the use of the presidential seal violated any law or executive order, Roque thinks there are no violations. It provides that the symbols are exclusively meant for the use of the President and Vice President of the Philippines and no other officials.
December 15, 2017 16:26 UTC
MANILA, Philippines — Thousands of narratives detailing hundreds of alleged human rights violations have been documented in the aftermath of the months-long siege of Marawi City, The STAR learned yesterday. Abdulnasser Badrudin, chairman of the Regional Human Rights Commission (RHRC) in the Autonomous Region in Muslim Mindanao (ARMM), said they have launched an extensive investigation to verify supposed violations of human rights of the people of Marawi. The local official said they will also tap the national Commission on Human Rights (CHR) to hasten their verification of the different complaints. Probe Human Rights violationsThe CHR issued a statement calling on the government to address allegations of human rights violations and investigate claims against the military and other actors. “Marawi is quiet, and the last thing the city needs is more guns, bombs and a continuing law of repression and deprivation of human rights,” she added.
December 15, 2017 16:23 UTC