Trouble for private schools?

Good morning. Trouble is brewing in the education sector as schools protest the passage of a bill proposing to ban the longstanding "no permit, no exam" policy. Many school associations have warned that if timely collection of tuition is impaired, then private schools might delay the wages of their staff, a grim prospect as gasoline prices once again rose by 55 cents per liter.

A global payments company called Parallax recently secured a rare $4.5-million funding from key investors. Parallax primarily caters to the dollar-earning freelancer, taking advantage of the 208% growth in freelance revenue in the country from 2019 to 2020. With younger workers turning to freelancing, will the aggressive hiring plans of traditional companies like Cebu Pacific hold water in attracting employees?

The Energy Regulatory Commission has approved the termination of power supply deals between distributor Meralco and subsidiaries of conglomerate San Miguel Corp. The deal was supposed to provide a crucial supply of 1,800 megawatts to consumers. Meanwhile, President Marcos approved P270-billion worth of key projects for the tourism and healthcare sectors.

Top Stories

• BIZ BUZZ: Soon, financially troubled private schools
• Gasoline prices up 55￠ per liter, diesel and kerosene down by 95￠
• Global payments company founded by Filipina aims to capture gig economy
• Gokongwei airline prepares aggressive hiring plan
• ERC approves termination of Meralco, SMC deals
• Bongbong Marcos approves P270B worth of key projects
• ‘It’s time to give back’
• Plane fares to rise in November
• More cruise ships seen sailing to PH
• BIZ BUZZ: Recto as Finance chief?