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(Eagle News) — The Philippine Health Insurance Corp. will appeal before the Supreme Court the Commission on Audit’s order for it to return P163.85 million in bonuses it gave its officials. The order was made after the COA denied PhilHealth’s petition for review of the agency’s earlier decision that ruled the perks were illegal. In denying the petition, COA said that while PhilHealth was not covered by the Salary Standardization Law, its authority under National Health Insurance […]
QUEZON CITY, Philippines (Eagle News) — The 13th month pay and other bonuses given to employees which would amount to P90,000 would not be taxed, nor will those with a a yearly earning of P250,000, according to the bilateral conference committee on the Tax Reform for Acceleration and Inclusion (Train) bill. “Napagkasunduan ng bicam na muling taasan ang halaga ng 13th month pay at iba pang bonuses na hindi na kakaltasan pa ng buwis,” Senator […]
(Reuters) – Barclays said it would axe up to 12,000 jobs this year even as it raised bonuses for investment bankers, prompting fury among politicians and unions who said it had not learned the lessons of the financial crisis. Britain’s third-biggest bank said up to 9 percent of employees could go, including 7,000 in Britain, as it tries to lower costs. The cuts are not concentrated in any one business area. It said it paid […]
