Month: June 2021
Repeal the Onerous Tax Provision on Private Schools
June 26, 2021The Bureau of Internal Revenue (BIR) released last June 11 what many thought would be a rectification of BIR Revenue Regulation No. 5-2021 that imposes an onerous 150% percent increase in tax on private schools instead of the regular 10 percent. Instead, what was released was merely a clarification on corporate tax computation. Despite the […]
A Total Approach to Climate Change
June 22, 2021Everyone is at risk of becoming a victim of natural disasters. Many scientific studies have ranked the Philippines in the top 10 natural disaster-prone countries in the world. Despite this, the country is still largely reactive to the effects of climate change. We are hit by earthquakes, volcanic eruptions, and typhoons more often than most […]
Faster Vaccination Rollout: Critical to Economic Recovery
June 20, 2021In a senate hearing conducted last June 15, Finance Secretary Sonny Dominguez bared the government’s P88.6 billion budget allocation for its COVID-19 vaccine procurement. According him, that would be enough to purchase 148 million doses in order to fully inoculate 70 million Filipinos or 100 percent of the country’s adult population, the fourth quarter target […]
Fostering Economic Advancement Without Jeopardizing National Security
June 14, 2021The Philippine senate has set to expedite deliberations on Senate Bill No. 2094 or the Amendments to the Public Service Act (PSA) which aims to amend the 85-year-old PSA by differentiating “public services” from “public utilities’’ and as a result, allow 100 percent foreign ownership of public services that are not considered natural monopolies. Such […]
Shield our critical infrastructure from foreign states
June 14, 2021We must shield our critical infrastructure from foreign state control.
On the Economic Hardship of Filipino Workers
June 13, 2021Latest figures from the Philippine Statistics Authority showed that the country’s unemployment rate rose to 8.7 percent in April 2021 which translates to 4.14 million jobless Filipinos, a significant increase from the 7.1 percent in March. This alarming data was said to be brought about by the increase in lockdowns throughout the country with reported […]
Repeal BIR RR No. 5-2021
June 11, 2021During these trying times, with rising inflation and unemployment rate, we should be focusing on alleviating the economic hardships of the private education sector and not adding on to them by imposing heavier taxes.
On the ballooning Philippine outstanding debt
June 6, 2021Philippine debt has ballooned to P10.991 trillion as of end-April 2021, a 2% increase compared to the P10.774 trillion level in end-March. With the Philippine Statistics Authority’s recently released data that the inflation rate still has not eased at 4.5%, we cannot help but wonder who else will have to shoulder the gargantuan amount of […]
Brownouts are exacerbating our crisis situation. Investigate the power plant outages!
June 2, 2021Reliable and uninterrupted power supply is very critical, to power our digital devices and connect to internet to access the daily digital online services we need to cope with this pandemic and the hot summer weather.