Tala, Maya Bank Announce Loan Channeling Partnership Towards Financial Inclusion In PH

Tala, the first fintech company for the Global Majority, announced its team-up with Maya Bank, a digital bank leader in the Philippines! This partnership aims to close the financial gap for Filipinos by channeling PHP 2.75 billion through digital platforms for better credit access.

Strengthening Financial Health Key To Unlocking Economic Potential Of Global Majority

Discover how Tala's innovative solutions are transforming financial health for millions worldwide, fostering confidence and independence on the path to economic empowerment.

All Within 15 Minutes: Urban Planning Concept City To Rise In Pasay

Transforming transportation, boosting the economy, and shaping the future! The Pasay 360 Project is set to revolutionize city living and empower generations to come.

DOF Execs Not Yet Briefed On Plan To Hike Tax On Salty Foods

0

DOF Execs Not Yet Briefed On Plan To Hike Tax On Salty Foods

0

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Finance officials have yet to meet with health officials regarding the plan to slap additional taxes on salty food products.

“(We) have to discuss thoroughly with them,” Finance Secretary Carlos Dominguez III told journalists in a text message.

Health Secretary Francisco Duque III earlier attributed the plan to increase tax on salty foods to the decision to tax sugar-sweetened drinks to curb consumption and lessen sugar-related health issues.

United Nations Interagency Task Force (UNIATF) data show that high intake of salty foods is among the reasons for the increase of non-communicable diseases like cancer, heart disease, and stroke.

In the Philippines, non-communicable diseases account for 68 percent of deaths.

UNIATF data reveal the average salt intake of Filipinos is about two times more than the two grams of sodium per day or about 5 grams recommended by the World Health Organization (WHO).

The current administration has successfully pushed for slapping a tax on sugar-sweetened beverages and the increase of taxes on sin products to address the rising cases of poor Filipinos and the youth who got sick because of the consumption of these products. (PNA)