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No more 5-6?

The Duterte Administration recently announced that it would stop to the 5-6 business in the country. It basically involves lending money with a twenty percent (20%) monthly interest and is generally identified with Indian nationals who are into such business.

The Armed Forces of the Philippines said it is seriously looking into alleged coup attempts against the Duterte administration.

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On tax reform

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Lowering the individual (personal) and corporate income tax rates is not easy nor is it simple. The government needs to find additional sources of revenues, assuming that government expenditures will remain at the same level, to offset the “lost” revenues from income tax.

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Senator Panfilo “Ping” Lacson is cool to the proposal for a Senate investigation into the alleged “riot” that recently occurred inside the New Bilibid Prison (NBP) that led to the death of one high-profile inmate allegedly involved in the illegal drugs trade.

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If enacted into law, over four million Filipinos classified as low-income earners will be exempted from the new income tax system proposed by the Department of Finance.

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Locsin PH envoy to UN

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Former Makati City Rep. Teodoro “Teddyboy” Locsin Jr. has agreed to join the Duterte administration and represent the country in a world body.

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