by UNTV News and Rescue | Posted on Friday, 11 January 2019 02:03 PM
MANILA, Philippines – Aside from soldiers and police, public school teachers will have their share of salary increase this year.
The President announced his promise during the groundbreaking of Gen. Gregorio del Pilar National High School and unveiling of the proposed Pandi National High School in Bulakan, Bulacan on Thursday (January 10),
“Pero itong sabihin ko — what I’m trying to say is, I am willing to strike a deal in the presence of Secretary Briones, sa mga maestra. You can choose the date, January, bilisan lang ninyo, then we can make a — even an agreement or manifesto or choose whatever kind of document itself. Kayo ang isusunod ko this year.Kayo ang pinakamarami, ” said President Duterte.
Budget Secretary Benjamin Diokno explained that the pay hike for public school teachers is actually part of the provisions of the Salary Standardization Law.
However, there had been delays in the passage of the 2019 National Budget that’s why the salary increase was deferred.
The DBM is also studying the possibility of a compensation increase from year 2020 to 2022.
Meanwhile, the President reiterated his determination to end the operation of the ‘5-6′ scheme in the country as it doubles the burden of poor Filipinos.
“Kaya alam ko ‘yang 5-6. Iyan ang gusto kong patayin na sistema. Kung hindi ko mapatay ang sistema, ‘yung nagdadala ng 5-6 na lang ang ating patayin. Mas madali man siguro,” the President said.
‘5-6 scheme’ is a lending scheme where lenders – many of them Indian nationals – issue small loans at a 20% interest rate or above with payments usually collected on a daily or weekly basis. – Marje Pelayo (with reports from Rosalie Coz)
by UNTV News | Posted on Friday, 28 July 2017 10:08 AM
MANILA, Philippines — Senate Committee on Ways and Means chairman, Senator Sonny Angara said the impact of proposed excise tax on petroleum products on poor families is a concern to most of the senators.
“May concern kami na baka yung tama dun sa mga lower income sectors, baka hindi nila kayang i-absorb. Kasi kung tayu-tayo lang, kaya nating i-absorb yung sampung piso kada-araw na pagtaas ng presyo,” said Sen. Angara. (We are concerned that the lower income sectors might suffer. They may not be able to handle it. If it’s just us, we can manage a price increase of P10 per day.)
Senator Win Gatchalian also mulled over some possible adjustments on the tax rates and the period of its implementation to minimize the adverse effects of the tax reform.
“Kumbaga common agreement namin na kung magiging mataas yung magiging inflationary effect maghanap tayo ng ibang formula. For example… 3 years yung execution, baka pwedeng mas mahaba pa o pwedeng mas maliit muna in the first year,” Senate Committee on Economic Affairs chairperson Sen. Win Gatchalian said. ( it’s like a common agreement wherein if the inflationary effect will be high, let’s look for another formula. For example… the execution is 3 years, maybe it can be lower or smaller in the first year.)
The proposed bill states that an additional 2 to 3 pesos will be imposed on the current taxes of petroleum products.
This means that a total of 6 pesos per liter will be added on diesel in year 2020.
The initial 3-peso increase will start within the next half of 2017.
Based on the study conducted by the Department of Finance, the P3.00 tax increase will result in a 40-centavo fare hike on public transport vehicles that use diesel.
House Committee on Ways and Means chairman, Congressman Dakila Cua, said they stand by the approved House version of the tax reform package wherein they see that the big increase on the prices of basic products is due to the activities of cartel members.
“Hindi po 1 to 1 ang relation ng pag-angat ng presyo ng krudo sa pag-angat ng presyo ng bilihin. Ang isa pa ngang mas nakapapangambang rason ng pagi-increase ay mga cartel ng industriya,” Congressman Dakila Cua said. ( The increase in prices of oil and basic goods is not a 1 to 1 relation. Another more alarming reason for the increase is the cartels in the industry.)
The Senate committee targets to approve the tax reform package by September. – Nel Maribojoc | UNTV News & Rescue
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