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Rizal 4th District Rep. Fidel Nograles lauded the Department of Education for its efforts to protect teachers from falling prey to loan sharks by providing them legal and financial advice. “Magandang hakbang ang planong ito ng DepEd sa pangunguna ni Vice President Sara Duterte upang maprotektahan ang ating mga guro laban sa mga loan shark […]
Senator Win Gatchalian has taken steps in safeguarding financial consumers from being victimized by unethical and fraudulent schemes of some financial service providers and unscrupulous individuals. Noting the wide array of financial products and services following the COVID-19 outbreak, including the emergence of fraudsters that victimized those struggling with lost income, Gatchalian underscored the need […]
Senator Win Gatchalian expressed his opposition to the proposed repeal of the 2% special tax rate for microfinance non-government organizations (NGOs) under the Passive Income and Financial Intermediary Taxation Act (PIFITA), the fourth tranche of the Department of Finance’s (DoF) comprehensive tax reform program. Gatchalian said microfinance NGOs have been instrumental in providing low-interest, no […]
Senate Trade and Commerce Committee Chair Koko Pimentel III on Wednesday reiterated the need to institutionalize the government’s Pondo sa Pagbabago at Pag-asenso (P3) Program to permanently establish a viable alternative for small business owners that fall prey to “5-6” loan sharks who charge “unconscionable” interest rates. The senator from Mindanao said he understands why […]