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STATE-run Social Security System (SSS) sees a longer fund life if the bill scrapping the mandatory retirement age is passed into law. The SSS said increasing the mandatory retirement age in the country for private workers will give them an extended opportunity to pay contributions and complete the qualifying conditions…
“It is important to choose leaders who have platforms to uplift the lives of our OFWs, decrease unemployment so that workers need not seek jobs overseas, and in so doing provide jobs to our educated and highly skilled workers,” Koalisyon Kontra Daya Canada spokesperson Marissa Corpus said in an online message to Philstar.com.
THE Department of Finance (DOF) has warned that the proposed “super rich tax” bill would defeat its purpose of generating more revenues, as the measure would instead encourage “aggressive” tax avoidance. In a letter to Speaker Lord Allan Jay Velasco, Finance Secretary Carlos G. Dominguez III said that while the…
BusinessWorld May 18, 2021 | 12:34 am Reporter CASH REMITTANCES from overseas Filipino workers (OFWs) rose by 4.9% in March as many host countries start to further ease pandemic-related restrictions as coronavirus disease 2019 (COVID-19) infections drop. This helped push first-quarter remittances by 2.6% higher at $7.593 billion, data from the central bank showed on Monday. Cash remittances stood at $2.514 billion in March, higher than the $2.397 billion a year earlier. The month’s remittances went up by 1.53% from the $2.476 billion in February. “This is the second consec...
Cash aid proponent says community-led food banks a valuable part of pandemic response May 16, 2021 | 7:38 pm PHILIPPINE STAR/ MICHAEL VARCAS THE LEGISLATOR who is pushing for an across-the-board cash aid for Filipinos supports the emergence of community pantries, saying these initiatives contribute to an âall hands-on deckâ response to the coronavirus pandemic.  âLet the private sector continue to do what theyâre doing well â such as setting up and maintaining community pantries. The roles of the private sector and the national government in battling the e...