Friday, May 22, 2020

Jan 12 17, 12:10 pm

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

Pakistan plane crashes with 107 on board

An aircraft from Pakistan International Airlines (PIA) carrying 99 passengers and eight crew members crashed at a residential area in Karachi on Friday, May 22. Pakistan immediately mobilized paramilitary troops and civil administration authorities to aid and rescue...

Duterte orders arrest of “5-6” loan sharks

by | TOP STORIES

Jan. 12, 17 | 12:10 pm

President Rodrigo Duterte has ordered the arrest of “5-6” lenders, a number of whom are Indians, even without a warrant to stop the popular scheme and replace it with the Department of Trade and Industry (DTI)’s alternative lending program.

Justice Secretary Vitaliano Aguirre II told reporters on Tuesday that the loan sharks were operating in the country without permit from the government and that Duterte had ordered their arrest to put an end to their usurious practices.

“The President ordered the arrest of “Bumbay” because he pities the poor Filipinos who are being sold overpriced appliances in money-lending schemes. They could be arrested without any warrant because when they are doing that they are committing a crime,” Aguirre said.
The Justice Secretary added that loan sharks commit tax fraud by not paying the correct contribution to the government for their business.

One of Duterte’s campaign promises was a clampdown on the 5-6 lending scheme which he said preys on ordinary Filipinos and small enterprises.

Borrowers of a 5-6 lending scheme incur 20% interest rate per month, which Filipinos endure if only to instantly loan money without having to go through rigorous processes in banks.

Jobs

Latest News

Observatory experts say Shawwal crescent moon might not show today

Observatory experts say Shawwal crescent moon might not show today

Saudi Arabia astronomers have confirmed that the Shawwal crescent moon will not show on May 22 (Ramadan 29), Saudi Gazette reported. Experts at the observatory of Majmaah University in Saudi said that the moon will set before the sun today and will not be...

Pakistan plane crashes with 107 on board

Pakistan plane crashes with 107 on board

An aircraft from Pakistan International Airlines (PIA) carrying 99 passengers and eight crew members crashed at a residential area in Karachi on Friday, May 22. Pakistan immediately mobilized paramilitary troops and civil administration authorities to aid and rescue...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

BROCHURES

THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 2.5 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

FOLLOW US

SIGN UP FOR NEWSLETTER

BROCHURES

© 2020 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in TOP STORIES
Karama landmark set for demolition this month
Published On  January 12, 2017
OFW lanes set up at Negosyo Centers
Published On  January 12, 2017
UAE seen among world’s most profitable destinations
Published On  January 11, 2017
Close