Vice President Jejomar C. Binay has written President Aquino to urge the release of P2 million that will be used as blood money to enable the release of overseas Filipino worker (OFW) Jonard Langamin who is currently languishing in a Saudi Arabia prison. Binay, the Presidential Adviser on OFW Concerns, said he has also asked the Department of Foreign Affairs (DFA) to expedite the release of the blood money so Langamin can spend Christmas with his family.
MANILA, Philippines – Buying a property in your child's name is a great idea for a gift, but it may cause a lot of complications involving donor's tax. The Bureau of Internal Revenue defines donor’s tax as a tax on a donation or gift, and is imposed on the free transfer of property between two or more persons who are living at the time of the transfer. If a parent pays for a condominium unit under an underage child’s name, then it will fall under a donation. “Normally, what the government looks for is,
LEGAZPI CITY, PHILIPPINES Two children died and 35 others were injured when an out-of-control bus rolled down a slope along the highway in Kimantong, Daraga in Albay on Sunday. The fatalities were identified as Baby Jane Abrigo, 12, and a still unidentified boy around 11 years old, according to Superintendent Joel Adan, chief of Daraga Municipal Police Station.