by UNTV News | Posted on Wednesday, January 11th, 2017
MANILA, Philippines — Good news for pensioners of the Social Security System (SSS). President Rodrigo Duterte has approved the P1,000 pension hike for SSS pensioners effective January.
“Regarding the SSS pension increase, the president has approved a P1,000 pension hike this month, with a corresponding 1.5% contribution rate hike in May 2017 and increase in monthly salary credit to 20,000 from 16,000. He seeks to fulfill a social contract with the Filipino people especially the elderly and the poor, to give the best years of their lives in service while exercising fiscal responsibility, to ensure the economic sustainability and protect those who invested in the nation’s future,” said Presidential Spokesperson Ernesto Abella.
SSS assured that their fund is enough to finance the first six months of the pension increase.
However, there will be a 1.5 percent increase in the contribution of SSS members from May 2017. This will be the source for the pension increase aside from the investment reserve fund.
Usec. Abella added that the 1.5 percent increase depends on the monthly salary credit. The additional total contribution will range from P15 to P740.
SSS President Emmanuel Dooc said it will still be discussed how much will be paid by the employer and the employee in the 1.5 percent increase.
“Yun po ay kung paghahatian equally or we will follow the current two thirds, one third sharing,” he said.
(It will be divided equally, or we will follow the current two thirds – one third sharing.)
Another P1,000 increase in pension is targeted to be released in 2022 or earlier depending on the efficiency of the contribution collection and internal reforms at SSS.
Meanwhile, aside from these schemes, SSS is also appealing to President Duterte to issue an executive order requiring the submission of SSS clearance in various transactions such as government biddings; application of business permits at local governments; and travel requirements of overseas Filipino workers.
President Duterte is not amenable to using the taxpayer’s money to fund pension increase since the SSS is a private pension fund.
Meanwhile, Bayan Muna is thankful for the government’s action in behalf of senior citizens.
According to a statement made by Bayan Muna chairman Neri Colmenares, this is a big development for them. — Rosalie Coz | UNTV News and Rescue
by UNTV News and Rescue | Posted on Friday, January 5th, 2018
FILE PHOTO: President Rodrigo Duterte
MANILA, Philippines — President Rodrigo Duterte wants the public to understand everything about the provisions and the purpose of the Tax Reform for Acceleration and Inclusion or TRAIN Law.
This, following a series of increases in prices of goods and services in the country.
In line with this, the government will conduct an intensified information dissemination about TRAIN.
“I also know that PCOO is working double time to embark on a dissemination campaign on the salient features of TRAIN. Likewise, the DTI (Department of Trade and Industry) will not hesitate to prosecute individuals who will take advantage of price hikes invoking TRAIN as a legal basis,” said Presidential Spokesperson Harry Roque.
Roque also assured that government agencies like the DTI will not allow businessmen to exploit the system for their own gains.
“Ang excise tax naman po pinapataw hindi dun sa old inventory kundi sa mga bagong inventory. So walang dahilan para tumaas ang presyo on day 1 of the effectivity of the law (The excise tax is imposed not on the old inventory but on the new inventory. Therefore, there is no reason to increase prices on day one of the effectivity of the law),” Roque said.
Meanwhile, the government will improve the cash transfer fund in order to ease the burden of poor families.
“We already have a list of beneficiaries on the conditional cash transfer. It would be the same population that will benefit from this cash mitigation which is a provision of the Tax Reform Act or TRAIN,” the spokesperson added. — Grace Casin | UNTV News & Rescue
by UNTV News and Rescue | Posted on Friday, January 5th, 2018
FILE PHOTOS: (Left-Right) Sen. Francis “Kiko” Pangilinan and Rep. Edcel Lagman
MANILA, Philippines — President Rodrigo Duterte’s term will end in 2022.
However, owing to the proposed shift to a federal form of government, Senate President Koko Pimentel noted the possible extension of the chief executive’s term to pave way for the transition period.
With this, opposition senator Francis “Kiko” Pangilinan expressed concern that changing the Constitution and the system of the government will not only extend the term of the president but also give him more powers.
The senator noted one of these powers might be the creation of laws that would no longer need the approval of Congress.
According to Albay Representative Edcel Lagman, the President can manipulate the decision of the constituent assembly to implement the changes he wants in the Constitution.
Lagman explained this is because of the existing administration-allied supermajority in Congress.
On the other hand, Malacañang strongly denied the alleged term extension of the chief executive.
“I would like to repeat, the President does not want his term to be extended. In fact, he wants to shorten it,” Presidential Spokesperson Harry Roque said.
Meanwhile, House Speaker Pantaleon Alvarez clarified the issue on the alleged possibility of a ‘no-election’ scenario. Alvarez said it might happen in the 2019 senatorial polls and not in the 2022 presidential elections.
He explained, should the charter change push through to pave the way for federalism, the structure of the government will change.
The House speaker said it might affect the senators whose term will end in 2025, noting it is practical to not hold an election in 2019 so that all senators will simultaneously end their terms in 2022.
Alvarez added that election for local positions and lawmakers in the House of Representatives might push through in 2019. — Grace Casin | UNTV News & Rescue
by UNTV News and Rescue | Posted on Thursday, January 4th, 2018
FILE PHOTO: President Rodrigo Duterte shake hands with Chinese Prime Minister Li Keqiang during the Chinese official visited the country.
MANILA, Philippines — The Philippines may possibly open the playing field for telecommunications providers to other foreign companies.
Malacañang said that it is not yet final if the third telecommunications company to be joining the country’s playing field will be coming from China.
This, despite the fact that President Rodrigo Duterte offered this to Chinese Prime Minister Li Keqiang when the Chinese official visited the country.
Presidential spokesperson Secretary Harry Roque said if Chinese telecom will not heed with the 60/40 percent constitutional foreign-ownership provision, the Philippines will open the market to other foreign companies.
“We gave China the option but if this is not acceptable to it, unfortunately, we will have to look for other players because we will have to honor what the Constitution provides — 60/40 in terms of owning a telecoms company,” he said.
Roque, however, said they do not see any indication that China will not push through with the project.
President Duterte is determined to implement the project the soonest possible time to create better competition and better telecommunications service for the public.
“So far, as far as I know, it has been offered to China. We don’t know what the details are but the deadline is fast approaching. The President wants it up and about in the first quarter of this year,” the spokesperson added. — Rosalie Coz | UNTV News & Rescue
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