Mindanao Daily Northmin (December 10, 2013)

Page 1

Mindanao Daily NEWS

Volume II, No. 149

web portal: www.businessweekmindanao.com

Tuesday

December 10, 2013

P15.00

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Historic marker at Gaston park gone; dad seeks probe By CRIS DIAZ Executive Editor

Recto seeks higher tax exempt for 13th month, X’mas bonus

CAGAYAN de Oro City–– The City Council’s Committee on Tourism on Monday called for an investigation into the destruction of the National Historical Institute (NHI) marker at the historic Gaston Park in front of the St. Augustine Cathedral here. See FULL STORY, page 2

Suspects in ‘Dignos murder’ still free AN escaped convict charged with the murder of Joas Dignos, a radio commentator killed on November 29, 2013. The suspect remains at large, while his five accomplices are still unidentified. The Philippine National Police (PNP) Criminal Investigation and Detection Group (CIDG) charged Dionesio Daulong with the murder of radio commentator Joas Dignos on See FREE, page 11

PURPLE PARK. The trees of the De Lara Park in front of the Misamis Oriental provincial capitol in Cagayan de Oro City are decked with new Christmas lights made of plastic bottles colored purple. Previously the lights were plain white light bulbs. One Thousand Five Hundred of the new lights have been installed. Mindanao Daily News photo by Gerry Lee Gorit

Power supply woes artificial, says research group THE supposed tight energy supply is only artificial, and had government not relinquished effective control over energy development to profit-oriented private business, the public would have been spared from the impending huge increase in power rates. Research group Ibon

n Lack of government control makes the public vulnerable to possible manipulation of supply to bloat power rates made this assertion following reports that the Manila Electric Co. (Meralco) will hike rates by P2-3 per kilo-

inquire at MAX’S RESTAURANT. Robinsons Mall, CAGAYAN DE ORO CITY Tel. No.: (088) 858-6297 • (08822) 75-6297 • Cell. No.: 0917 7061147

Ibon argued that the power supply problem could have been prevented if the maintenance shutdown of the country’s energy sources and power plants were effectively controlled by watt-hour (kWh). The final government. But because it figure for the rate hike will relies too heavily on private be announced on Monday, business, government according to Meralco. See group, page 11

SENATE President ProTempore Ralph G. Recto has filed a measure seeking to increase the cap imposed by law on the amount of 13th Month Pay, Christmas bonus and other benefits exempted from income tax. Present laws exclude the mandated 13th Month Pay and the Christmas bonus from the coverage of income taxes, but only up to the extent of P30,000. Any amount in excess forms part of an individual’s gross income and therefore subject to the operation of the National Internal Revenue Code. In filing Senate Bill No. 256, Recto wants the exclusion raised to P75,000, explaining that the present ceiling was set by a law enacted almost 20 years ago. “We owe it to the people to amend laws that tend to be more repressive rather than be beneficial to the people. In this bill, we intend to breathe life again to the spirit of the law that, during the time of its passage, intended to allow the people to enjoy more of their hard-earned money,” the senator said. Recto said his proposal is premised on the fact that the prevailing conditions in 1994 - the year Republic Act No. 7833 or the statute that imposed the See bonus, page 11

Editorial: e-mail: mindanaodailynews@gmail.com • 72-33-44, 856-3344 • Advertising: e-mail: mindanaodaily.ads@gmail.com Contact cell nos.: 0917-7121424, 0947-8935776


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.