Excessive tax will hurt
city’s business climate
BY CARLA P. GOMEZ
The Subdivision and Housing Developers Association yesterday warned that excessive increases in real property taxation will weaken Bacolod’s business climate and may draw adverse multiplier effects.
The SHDA aired its concern in a position paper furnished the DAILY STAR by Eduardo Alunan, a member of its national Board of Governors, on the proposed increase in real property market values in Bacolod City.
“The revised version on market values distributed in Oct. 24, 2014 requires further study. Another week of thorough consultation shouldn’t be much of a liability for the City’s new fiscal goals,” he said.
Cops seize P.2M in shabu
BY GILBERT BAYORAN
The police made another breakthrough in the campaign against the proliferation of prohibited drugs, with the arrest of three suspects and the seizure of more than P200,000 worth of suspected shabu in Kabankalan City and Manapla, Negros Occidental.
Alo Mangondato Bacarat of Marantao,Lanao del Sur, who is temporarily residing in Binalbagan, was intercepted Monday by the police at a checkpoint in Brgy. Binicuil, Kabankalan City, for having 11 big sachets of suspected shabu, Supt. Salvador Dago-on, who is the city police chief, said.
|Death and taxes|
COLA integration to basic pay
will affect payroll system: Du
BY JUANCHO GALLARDE
The president of the Negros Oriental Chamber of Commerce and Industry, Edward Du, said yesterday that businessmen in the province will comply with Wage Order No. 18, but the integration of the Cost of Living Allowance in the basic pay of workers, will wreck havoc on the payroll system of businesses.
Du was reacting to the question of whether the COLA of workers in the private sector will stay as is, or be integrated in the basic salary. Members of the Regional Tripartite Wages and Productivity Board in Region 7 held a public consultation in Dumaguete yesterday on the matter.
During the open forum, participants coming from the management sector insisted that the COLA should remain as is, saying they believe it will only result in less take-home pay for the workers because of a lot of deductions, like PhilHealth, SSS, and Pag-IBIG, among others.