Fast tracked cash, food assistance release sought

The Anti-Red Tape Authority (ARTA), the Department of Interior and Local Government (DILG), and the Department of Social Welfare and Development (DSWD) are now working on expediting the release of cash and food assistance to marginalized and poor communities.

In a statement on Tuesday, ARTA said this is in line with President Rodrigo Duterte's directive to simplify the process of giving out assistance.


In an initial meeting, ARTA, DILG, and DSWD discussed the concerns and issues on the current process of distributing food and cash assistance to communities.

ARTA said that in the coming days, the agencies will further coordinate on expediting the process of granting the assistance to requesting local government units especially now that consecutive weather disturbances have affected various areas in the country on top of the ongoing pandemic.
Social Welfare Undersecretary Felicisimo Budiongan informed the group that the national agency's role in relief operations shall be upon receipt of request from the local chief executive of a request for augmentation and if the affected families are more than 30.

ARTA Director General Jeremiah Belgica, meanwhile, recommended instead that DSWD regional or field offices, being at ground zero of the disaster-stricken area, should already monitor if sufficient food and cash assistance have been distributed by concerned local government officials.

If none has been extended by the LGU officials within two days, the DSWD regional or field office shall automatically send a report to the central office to send food and cash assistance to the disaster-hit area.

Belgica said LGU officials concerned who do not do their part shall be subject to investigation and there will be a presumption of serious neglect of duty and grave misconduct, which are both serious offenses for administrative cases to be filed with the Office of Ombudsman and which would merit immediate preventive suspension.


"In times of calamities, a wait-and-see method is already a thing of the past. Reports and assessment of the situation at ground zero are easily verifiable with different available technologies. More than ever, we invite our disaster relief officials to be more proactive in times when our countrymen need the government the most," he said.

ABS-CBN News back on YouTube after ‘hacking incident’

ABS-CBN Corp.'s news segment restored its presence on YouTube channel, a few hours after the web-video sharing platform terminated its money owed.

The Lopez-led media giant in a announcement launched on Tuesday morning said it had been operating with YouTube to get returned the ABS-CBN News and ANC 24/7 channels.


According to the video platform, the account "has been terminated for a contravention of YouTube's Terms of Service."

The organisation became capable of retrieve its account at three:fifty eight p.M.
"The two news channels were temporarily suspended starting 6:30 a.M. After a hacking incident," it stated in a statement released late on Tuesday.

"The investigation on the incident keeps as we also enforce measures to prevent this from taking place once more," ABS-CBN brought.

Currently, it's miles boasting of 10.6 million subscribers.

The firm was trending anew on Twitter as Filipinos took to social media their frustrations following YouTube's flow in spite of the need for boosted data dissemination amid the calamity and the coronavirus pandemic.


They also claimed that the absence of the broadcast titan left many Filipinos in the dark, mainly earlier than and at some stage in the onslaught of Super Typhoon "Rolly."

ABS-CBN went off the air ultimate May because of franchise troubles. Last July 10, 70 lawmakers voted against its franchise renewal application, which must allow its broadcast and radio operations to maintain.16 centavos or 1.Forty three percentage to close at P11.04 each on Tuesday.
Listed luxury brand store SSI Group Inc. Objectives to develop the sales contribution of its e-commerce platforms to fifteen to 20 percentage within the subsequent 3 years, its top government stated.

"From an e-commerce angle, searching at the future, our goal over the next three years is to grow our e-commerce sales to round 15 to twenty percentage of our total income," SSI President Anthony Huang said all through the virtual launch in their new virtual platform on Tuesday.

Huang referred to that its e-commerce segment recorded a 401-percentage topline increase in January to September amid the implementation of community quarantine measures in the united states of america.

The organization said that on a year-to-date foundation, the contribution of its e-trade to its overall sales is around 5 percent.

Maynilad waives rate hike

Maynilad Water Services, Inc. Has waived its drawing close water fee hikes for 2021 to assist alleviate the plight of purchasers amid these difficult time as a result of the coronavirus sickness 2019 (Covid-19) pandemic.


The West Zone concessionaire, in a statement, announced on Tuesday it is "forgoing the price will increase it's far certified to put into effect within the coming yr — mainly the already-accepted rebasing adjustment for 2021, in addition to the mandated CPI (customer rate index) inflation increase for the 12 months."

Water corporations can defer any water price changes, difficulty to regulatory approval, stated Patrick Lester Ty, leader regulator of the Metropolitan Waterworks and Sewerage System (MWSS), in a textual content message.

"With this deferral, Maynilad hopes to alleviate the everyday struggles of its customers as they and the complete u . S . A . Try to get over adversity and upward push more potent than earlier than, ready to start anew," Maynilad stated.
"During these hard instances while no one is spared the monetary impact of the Covid-19 pandemic, Maynilad is one with authorities in locating ways to help our countrymen make the state of affairs extra possible," it added.

Rate rebasing is the manner of determining expenses of concessionaires Manila Water Co. Inc. And Maynilad for their water and sewerage services primarily based on their performance, charges, income, unrecovered investments and provider improvement plans. It takes place each five years.

For 2018 to 2022, the MWSS Board of Trustees authorized a water tariff boom of P5.73 consistent with cubic meter (cu.M.) for Maynilad, implemented in tranches.

Maynilad become imagined to jack up its rates by using P1.Ninety five in line with cu.M. This year and another P1.95 in keeping with cu.M. In 2021.


On the alternative hand, the CPI adjustment refers back to the annual inflation adjustment that takes place each January. It under consideration the growth in aggregate charges as measured with the aid of the CPI, among others.

Maynilad corporate communications head Jennifer Rufo stated in a message that for subsequent yr, the corporation become providing a CPI adjustment of 2.70 percent of the basic charge, which could had been an additional P1.03 in step with cu.M. Hike.

"The MWSS RO (MWSS Regulatory Office has been discussing this count with each Maynilad and Manila Water since the begin of the 12 months. We simply received the proposals of the 2 concessionaires and we're presently comparing them," said Ty.

When requested if Manila Water already signified the deferment of changing its water quotes, Ty only said the regulator is "[s]etting up a assembly with Manila Water to speak about."

PSEi slightly up ahead of US presidential polls

The fundamental index opened the shortened buying and selling week slightly in the effective territory beforehand of the US presidential polls.

The benchmark Philippine Stock Exchange index (PSEi) climbed zero.18 percentage or eleven.Fifty six factors to six,335.Fifty six, at the same time as the broader All Shares received zero.26 percentage or nine.9 factors to give up at 3,789.47 on Tuesday.


Regina Capital Development Corp. Managing Director Luis Limlingan stated nearby shares closed marginally higher in advance of the expected US elections.

"Donald Trump and Joe Biden advised electorate in key battleground states to help them with less than 24 hours to go earlier than Election Day," Limlingan stated.
He added that the markets maintain to display the growing coronavirus ailment 2019 (Covid-19) instances abroad and a flow of company income consequences for the 1/3 region.

AAA Equities head of studies Christopher Mangun, in the meantime, stated the neighborhood bourse inched better after it opened lower as traders were short to pick out-up battered stocks.

Mangun introduced that gains in small and mid-cap blue chips included the losses from huge-cap troubles.

Only the belongings zone misplaced in Manila, even as the financials region led the risers at 1.Forty two percent.


Total quantity turnover became at four.2 billion stocks valued at P6.6 billion.

The PSEi also posted another spherical of net overseas selling at P1.14 billion on Tuesday.

Gainers outpaced winners at 125 to 80, at the same time as forty seven securities have been unchanged.
The Department of Agrarian Reform (DAR) has committed to heighten get right of entry to to economic offerings of agrarian reform beneficiaries agencies (ARBOs) to be able to assist uplift the lives of the member-agrarian reform beneficiaries (ARBs), smallholder farmers and farmer groups across the usa.

In a statement on Tuesday, Agrarian Reform Undersecretary for Support Services Office Emily Padilla stated the goal is to constantly offer monetary services to forty eight,000 ARBs or 50 percentage of the centered ninety,000 cluster ARB-participants until 2022.

Beneficiaries of the Linking Smallholder Farmers to Markets with Microfinance (LinkSFarMM) initiative are ARBOs and production clusters under DAR's agro-enterprise improvement (AED) program.
According to Padilla, as of December 2019, the challenge's general accomplishment showed massive opportunities for the agri-credit applications to enlarge its outreach, on account that simplest 11 percentage or 5,222 out of its 484,000 ARBs and smallholder farmers cluster-individuals have been supplied with production loans with the aid of the eighty five or fifty two percentage of ARBOs from the 118 target websites.

There are nonetheless 89 percentage or 478,778 cluster ARB-participants who can nevertheless be furnished with financial help to enable them to conform with the production requirements of their diagnosed institutional buyers, she added.

She said subject offices were advised to evaluate their respective LinkSFarMM regions and examine the financing requirements of each the ARBOs and ARBs/SHF contributors along with their readiness to manage the fund, so that unique financial help could be extended to their manufacturing and advertising and marketing sports.

"The result in their initial assessment may be matched to the standards on eligible debtors of each DAR-initiated agri-credit software consisting of Agrarian Production Credit Program (APCP) and Expanded Assistance to Restore and Install Sustainable Enterprise (E-ARISE), among others," Padilla stated.


The undersecretary in addition stated that the unique objective of LinkSFarMM is to make smallholder farmers boom agricultural productivity. The AED method turned into followed by the DAR to discover deliver, call for and get admission to to marketplace chains of merchandise.

Under the law, the DAR is remitted to help certified agrarian reform beneficiaries uplift their financial lives. They variety from person agricultural people to cooperatives.

Finns are experimenting with a basic income

Finland has introduced a basic income-true, only for two years and only for two thousand citizens, but the Finnish experiment is already of great interest. It is a response to a global trend that is being manifested by increasingly bold calls for the introduction of guaranteed income. 560 euros - the same amount will be received monthly by finns aged 25 to 58 years covered by the experiment.

This amount will be completely exempt from tax. although it may seem absurd, its payment is designed to stimulate independence and greater activity in the labor market, since the online platform zarobotka is very relevant now, many people know about it,but many do not even suspect that you can earn as deltamarket.net  in the it field. It's also a proven source.

The topic of basic income returns from time to time, recently with increasing frequency. Six months ago, a referendum was held in Switzerland. More than a hundred thousand Swiss people have signed up for the event. Then the postulate of its introduction was rejected (78% of those who voted against it). However, the very fact that the issue was considered in this mode was a huge success for the supporters of guaranteed income.

In India, the world's largest democracy by population, its introduction is recommended by one of the country's leading economists, Arvind Subramanian. Why? It is estimated that about a third of the population lives in poverty there. in march last year, the polish basic income network was established. in poznan, a conference organized by its representatives called " 500 zlotys per child, or maybe a thousand zlotys per child?"All these signals make us take things seriously. are we witnessing a revolution in social policy?

Quaranteed income-what is it?

the definition of guaranteed income is given by the world wide web in favor of basic income (bien):

BIEN highlights 5 characteristics of basic income: regularity-guaranteed income is paid at regular intervals; therefore, it is not a one-time benefit. "cash" - basic income cannot be paid in the form of vouchers; it is necessary that the beneficiary has complete freedom in spending this money. Individuality-falls on each citizen, and not, for example, on one household. universality-paid to everyone without exception. unconditional-no award criteria. the amount of guaranteed income should allow you to meet the basic needs of life. Thus, it is the state's response to the postulate of providing every citizen with a living wage. Although the amount of 560 euros for Poles may seem high (after recalculation, we get an amount of more than 2400 zlotys), in Finnish conditions it is only 25% of the average salary. Thus, it will not lead to the fact that the standard of living of the people participating in the experiment will definitely increase. So what's the noise?

Does money motivate you to work for free?

Following the Finnish example, the guaranteed income in Poland would be about one thousand zlotys (a quarter of the average salary). How to convince the supporters of his administration, it is not about giving people the luxury at the expense of deterring their activity.


For supporters of the social policy revolution, the introduction of a basic income would be the realization of the postulate of restoring social justice. Why is this so important to them? Well, according to the Global Wealth 2016 report prepared by Credit Suisse, almost half of the world's wealth ($116.6 trillion) lies in the hands of just 0.7% of the richest part of the population. By contrast, three-quarters of the world's poorest people do... 2.4% of its wealth (just over $ 6 trillion).

EU citizens are on " yes”

Studies conducted last year by the German Dalia Research show that the postulate of the introduction of a basic income can count on the solid support of EU citizens. To the question "how would you vote if there was a referendum on the introduction of guaranteed income", as many as 64% answered "yes". Most of the supporters of this decision live in Spain (71%) and Italy (69%).