Consumer group questions legality of TRAIN law before Supreme Court
by UNTV News | Posted on Monday, January 22nd, 2018
MANILA, Philippines — The tax reform law is “unconstitutional”.
This is the reason given by a consumer group that filed a petition before the Supreme Court to stop the implementation of the said law.
In a 43-page petition, the Laban Konsyumer Incorporated appealed to the Supreme Court to issue a temporary restraining order against the TRAIN law.
Laban Konsyumer president, Vic Dimagiba said that some provisions in the Constitution were violated by the TRAIN law itself and this will result in more sufferings for many Filipinos.
Dimagiba added that the reform in the income tax does not make sense because with it is the increase in excise tax on petroleum products.
And with the increase in prices of oil products is the rise in prices of basic commodities, jeepney fare and more.
“Hindi po balance. Hindi po equity. Hindi equitable ang trato sa mga low income at poor families (It’s not balanced. The treatment of low income and poor families is not equitable),” said the advocate.
Dimagiba hopes that the Supreme Court justices will carefully study their petition.
Meanwhile, one economist agrees with the argument of the consumer group.
According to economist, Ranilo Balbieran, the government must not impose higher taxes on oil products.
“Hindi sana gaano’ng kataas yung tax sa petrolyo kasi lahat tayo apektado halos lahat ng ginagawa natin dito sa mundo parang may langis. Yung iba naman sana mas mataas yung tax gaya nung sa tobacco sa sigarilyo. Hindi naman talaga yan kailangan sa buhay,” said Balbieran.
On the other hand, Balbieran believes that the TRAIN law will have a good effect on the economy in the long run.
Balbieran sees that the country has shifted from a consumption-driven to an investment-driven economy.
This means that the administration is looking ahead to the future by investing in infrastructures for the benefit of all Filipinos and generations to come.
The consumer group, on the other hand, calls on the public to be watchful of the current administration to ensure that the funds raised by the tax reform will be spent on rightful projects. — Mon Jocson | UNTV News & Rescue
by UNTV News and Rescue | Posted on Tuesday, July 17th, 2018
Local government units announced a suspension of classes due to the effects of tropical depression “Henry.”
All levels in both public and private
Pasay City (Elementary to High School only)
Quezon City (Pre-school to Elementary only)
Afternoon classes in both public and private
Las Piñas City
Meanwhile, the Senate also announced work suspension on Tuesday due to the inclement weather, as decided by the Senate Officer-In-Charge Senator Gringo Honasan.
The Supreme Court also issued an advisory suspension of work of all court personnel starting 12:00 noon today. However, discretion to suspend work of third level courts is given to presiding justices, and executive judges to trial courts in Metro Manila considering specific circumstances in their localities. – Marje Pelayo
by UNTV News | Posted on Wednesday, July 11th, 2018
Global Innovation Index 2018 (Image grabbed from Reuters video)
China broke into the top 20 most-innovative economies in the annual Global Innovation Index (GII) ranking published on Tuesday by Cornell University and the World Intellectual Property Organization (WIPO).
Switzerland retained its top place this year, followed by the Netherlands and Sweden. China climbed to 17th from 22nd place last year, according to the ranking.
The United States slid from 4th in 2017 to 6th, though in absolute terms, it remained the top contributor to key innovation inputs and outputs.
The United States came second after China in the volume of researchers, patents, and scientific and technical publications, according to the ranking.
WIPO Director General Francis Gurry said that China’s rapid rise heralded “the arrival of multipolar innovation,” reflecting “a strategic direction set from the top leadership to developing world-class capacity in innovation and to moving the structural basis of the economy to more knowledge-intensive industries that rely on innovation to maintain competitive advantage.”
Switzerland, Luxembourg, and China ranked top three in terms of translating investments in education and research and development expenditures into high-quality innovation outputs, according to the ranking.
A survey of “top science and technology clusters” around the world put the areas around Tokyo-Yokohama and Shenzhen-Hong Kong atop the list, while the United States had the greatest number of hotspots with 26.
The top 10 innovative economies also include Britain, Singapore, Finland, Denmark, Germany, and Ireland.
GII ranked 126 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications. -Reuters
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