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Wednesday, 30th July 2014
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PEDC has best offer to coops

By: F. Allan L. Angelo

PANAY Energy Development Corp. (PEDC) offered the cheapest power rate to electric cooperatives, according to the Panay-Guimaras Power Supply Consortium (PPSC).

Engr. Wilfred Billena, PPSC president and general manager of Iloilo Electric Cooperative (ILECO) 1, said no other supplier matched the offer of PEDC, a subsidiary of Metrobank Group’s Global Business Power Corp. (GBPC), when they advertised their need for future power supply.

GBPC-PEDC operates a 164-megawatt (2x82MW) coal-fired power plant in LaPaz, Iloilo City and is currently constructing its third unit with a 150MW capacity.

Aside from ILECO 1, the PPSC is also composed of ILECOs II and III; Antique Electric Cooperative; Aklan Electric Cooperative; Capiz Electric Cooperative; and Guimaras Electric Cooperative.

On September 23, 2013, GBPC-PEDC made an initial offer of P5.1160 per kilowatt-hour (kWh) to PPSC.

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Tax amnesty hikes province’s RPT take

By: Louine Hope Conserva

PERHAPS Iloilo City can learn some lessons on tax collection from its counterpart in the province.

The Iloilo provincial government increased its real property tax (RPT) collection in the first half of 2014 after implementing a tax amnesty.

This runs in contrast to Iloilo City’s plan to increase RPT values in order to shore up its coffers and fund social and infrastructure projects.

Based on data from the Provincial Treasurer’s Office (PTO), the Capitol has already collected a total of P231,105,989.95 from January to June 2014, higher by P58,256,267.14 compared to P172,849,722.81 collected in the same period last year.

The collection so far is 68.2 percent of the province’s target RPT collection for 2014 pegged at P338,690,727.48.

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Stiffer fines await careless, rude drivers

By: Louine Hope Conserva

THE latest set of traffic rules issued by transportation authorities will also punish irresponsible and discourteous drivers.

The joint administrative order issued by the Department of Transportation and Communications (DOTC), Land Transportation Franchising and Regulatory Board (LTFRB) and Land Transportation Office (LTO) are imposing higher penalties on reckless, rude and abusive drivers.

Even the operators are not spared as they could also be fined up to P15, 000 or have their franchise cancelled for overcharging or undercharging; refusal to render service to the public or convey passenger to destination; and failure to provide proper body markings, among others.

For the first offense, the operators will be fined P5,000. The second offense will result in P10,000 fine and impounding of the vehicle for 30 days.

The third and subsequent offenses will result in P15,000 fine and cancellation of the certificate of public convenience (CPCs).

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Based on the BIR’s investigation, the PNP paid RJP International a total of P77.25 million in 2007 for the services and parts of the armored vehicles.

RJP International, however, only declared sales and service revenues of P10.82 million for 2007.

The BIR computed RJP International’s total deficiency tax at P46.33 million for 2007, including taxes and surcharge.

The BIR also filed two counts of attempting to evade and defeat taxes and eight counts of wilful failure to supply the bureau with correct and accurate information against the Quezon City-based Temps and Staffers Inc. and its responsible officers, Arturo C. Guerrero III (president and chairman) and Vivian A. Guerrero (treasurer and chief operations officer).

Temps and Staffers Inc. has among its clients Samsung, BDO Insurance and Globe Telecom Inc. Based on the BIR’s investigation, Temps and Staffers Inc. supplied services worth P135.4 million to Samsung, BDO Insurance and Globe Telecom. The company, however, declared only P72.6 million for an underdeclaration of P52.43 million.

The BIR computed Temps and Staffers Inc.’s total deficiency tax at P42.65 million, including surcharge and interest, that can be broken down into P29.98m in deficiency income tax and P12.67m in deficiency value added tax.

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Gaining from APEC

July 30, 2014 02:12 AM

THE holding of Asia Pacific Economic Cooperation (APEC) meetings in Iloilo City should not be a one-time, cosmetic affair for Ilonggos.

In fact, it should bring the kind of change in attitude that we have been longing for. Read more...

Fish shortage on the loom

July 30, 2014 02:10 AM

By: Henrylito D. Tacio

IF WITHIN five to ten years from now you won’t see fish anymore in your plate or restaurant menus, don’t be surprised.  Blame the current surging population for that. Read more...

Old scam, new suit

July 30, 2014 02:08 AM

By: Juan L. Mercado

ARE WE being set up for another in the unending series of farces that bedeviled the coconut levy and impoverished millions of small farmers?

Look at the 7 April 2014 draft order before President Benigno Aquino. “Providing Administrative Guidelines for the Utilization of the Coco Levy Assets” proposes privatization of what’s left of the levy, after the Marcos dictatorship’s plunder. Read more...

Game changers

July 30, 2014 02:06 AM

By: Modesto P. Sao-noy

A LOT OF events are unfolding world-wide. Each day we get chilling news that we wonder what the world is going into.

Even in the Philippines we see game changing events, triggered mainly by President Benigno Aquino. Read more...

Change

July 30, 2014 02:05 AM

By: Manuel “Boy” Mejorada

I DIDN’T watch the President’s State of the Nation Address last Monday. I knew that I would only be frustrated with listening to a fresh round of rhetoric on “matuwid na daan”. During the last four years, the President has relied heavily on theatrics to convey streams of false depictions of reform and change. I wasn’t mistaken. Read more...

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