Regino directs resumption of RACE operations in Metro Manila

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Social Security System (SSS) President and CEO Michael G. Regino announced that the Run After Contribution Evaders (RACE) operations has been resumed in the National Capital Region (NCR) starting April 1, 2022.

Subject to the first operations in the NCR are 10 non-compliant employers in Manila City with combined contribution delinquencies estimated to be about P26.26 million composed of P9.12 million past-due contributions and P17.14 million penalties, affecting around 95 SSS members.

“These employers were found to be delinquent in the payment of contributions even prior to the pandemic. As a general rule, we have given them 15 calendar days from the date of the SSS’ visit to settle their obligations,” Regino said.

The campaign in Manila is part of a series of RACE operations nationwide, which aims to exact the continuous compliance of delinquent employers with their statutory obligations under Republic Act No. 11199 or the Social Security Act of 2018, ensure the social security coverage of members, and enhance SSS’ collection efficiency.

“This time, we are giving non-compliant employers the option to settle their delinquencies through our Pandemic Relief and Restructuring Programs (PRRPs), which provides more amicable and flexible payment terms,” Regino said.

In November 2021, the SSS launched PRRPs to alleviate the burden of employers and members adversely affected by the pandemic.

Among these programs is the PRRP 2, a social security contribution penalty condonation program for employers, which covers the applicable month of March 2020 and onwards. Qualified employers can settle their delinquencies through full payment or installment with the condonation of accrued penalties. This program will run until May 19, 2022.

Another is the PRRP 3 or the Enhanced Installment Payment Program, which allows qualified employers to settle their past-due SS and Employees’ Compensation contributions in installment with payment terms ranging from nine to 60 months, depending on the total amount of delinquency. It will run until November 22, 2022.

The complete details of PRRPs 2 and 3 can be accessed at https://bit.ly/SSSCI2021-015, and https://bit.ly/SSSPRRP3, respectively.

“We urge delinquent employers to voluntarily fulfill their obligations under the Social Security Law. They should be our partners in providing meaningful social security protection to our private-sector workers,” Regino said.

Under RA No. 11199, an employer who fails or refuses to register their employees, deduct contributions from them, and/or fails to remit the same, including the employer's share to the SSS, will be penalized by a fine of P5,000 to P20,000, and/or be imprisoned for six years and one day to 12 years, at the discretion of the court.

The SSS has so far conducted 15 RACE operations in different areas nationwide this year. It plans to carry out more in the coming days and months as it aims to conduct at least three operations for each of its Branch Operations Divisions. Other measures to ensure employers’ compliance with the Social Security Law are also continuously implemented.

Further Together: PLDT Enterprise vows to cultivate stronger business relationships thru technology

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PLDT Enterprise—the B2B arm of the largest fully integrated telecommunications company in the Philippines PLDT—has reinforced its commitment to forge stronger relationships and better collaborations with more businesses. Through its world-class services and innovative solutions, it aims to benefit more customers to enable them to grow further and reach new heights.
FVP & Head of PLDT and Smart Enterprise Jojo Gendrano noted that due to the evolving demands of customers, businesses have become responsive through leveraging technology and discovering unprecedented ways of doing their business such as offering contactless delivery, digital payments, and other means that put importance on the health and safety of consumers.

To this end, PLDT Enterprise – together with the PLDT Group - has committed to ramp up its efforts in fortifying its network infrastructure and technological capabilities in order to provide the right digital solutions for enterprises weathering market disruptions. Moreover, the group is also continuously expanding its decades-long expertise in the tech landscape by securing more technical certifications for its domain services such as SDWAN, Internet of Things (IoT), data center, cloud, cybersecurity, and managed services, among others.

“As businesses emerge from the impact of the pandemic, customer-centricity remains a top priority for us at PLDT Enterprise,” he said. “We will continue to augment our digital infrastructure and our domain expertise in order to co-develop the digital transformation roadmaps of organizations across industries. Through these endeavors, we will continue to be a trusted, reliable partner in implementing and delivering innovative solutions that empower businesses – whether they are MSME’s, Large Enterprises, or Multinational Organizations,” he added.

PLDT Enterprise has recently launched its “Further, Together” campaign which highlights the significance of having a reliable and trusted partner for businesses in unlocking growth. The campaign also highlights PLDT Enterprise’s role as the partner of businesses in taking organizations further to greater heights.

"In the age of digital, things happen so fast that we have to be constantly changing and evolving our perspectives in order to transform into an organization that is relevant and an entity that our customers can trust. Together, we embrace the call for digital transformation and it is our commitment to help our partners to reach greater heights," Gendrano added.

Watch PLDT Enterprise’s Further, Together campaign video here: https://www.youtube.com/watch?v=01s6FCvFiWQ

Some Strategies You Can Use in Day Trading

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Crypto day trading is a type of short-term trading in which crypto assets are purchased and sold on the same day. It is a high-risk venture made possible by the extreme volatility and liquidity of the cryptocurrency markets. A trader might employ indicators to boost the chances of success in day trading. These evidence-based processes do not always forecast crypto market movement, but they are excellent starting points.


Using Bolinger bands

The Bolinger band is a tool for identifying the strengths and weaknesses of an asset. The bottom bands offer support, and the top bands indicate resistance. The centre line is known as the exponential moving average. If you don't want to utilise Bollinger bands, you may use SMA (simple moving average) or EMA (exponential moving average). It all comes down to personal preference.



When employing Bolinger bands, don't aim for a profit of 50% or 30% each transaction, as this is simply gambling. It is okay to make a 5% profit. If you are new to day-trading, ten trades per day will suffice. Yes, this profession is very demanding. That is why 95% of those who attempt it fail. This case is happening. Always remember that defensive trading is preferable to offensive trading.


Observing support and resistance

Support and resistance levels, according to Coindesk, are like barriers that encompass the price value of cryptocurrency. This is the only region on a trading chart where the price moves. The pricing range does not extend past this enclosure. In other words, resistance serves as a price ceiling, while support serves as a price floor.

To evaluate how powerful a support or resistance level is, look at how frequently the price strikes it. In other words, if the price repeatedly hits the support level, we can say that the support level is strong; similarly, if the price repeatedly hits the resistance level, we can say that the resistance level is stable. A strong level indicates that it is near to being correct, which helps traders decide whether to purchase or sell cryptocurrency.


Implementing stop-loss

Lay down your position once you have examined all of the indicators and chart patterns. Do not engage in a deal without first developing a strategy. Understand where your entry and exit points are. Furthermore, never trade without a stop-loss order. A stop-loss order is placed with a trader when the price of a coin surpasses a certain threshold. Stop-loss orders allow you to restrict the amount of money an investor loses on an asset. It is important to note that you can't trade without a stop loss in day trading. This method safeguards you against market volatility.


Setting win-loss ratio

According to Investopedia, the win-loss ratio is the proportion of total winning deals to total losing trades. It does not matter how much money was gained or lost; all that matters is whether they were winners or losers. You can employ a 2:1 win-loss ratio as a daily trader. Let us imagine you're going to buy Bitcoin for $100. Risk $10 and make $20 by selling it for $ 120. Sell it for $ 90 if it turns out to be a losing deal. Even if your win-loss ratio is just 50%, you will still be profitable with this risk management method.

In day trading, there's a lot to learn. You won't be able to learn everything by simply reading. It is something you must do. If you're passionate about what you're doing, you'll automatically pick up the required abilities for day trading as your experience grows. Quick decision-making and sustaining discipline, for example, are two of the most critical qualities. There are moments when you'll kick yourself for not being able to keep up with the currency pumping. It occurs when a trader cannot make a quick decision on whether or not to purchase a specific coin.

You may also buy a coin right away since you are in a rush and do not want to be left out, hoping for a coin to pump. However, this did not occur, and you ended up with a loss deal. And that is perfectly natural. It is part of the trading process.

Nowadays, many newbie traders boast about how simple it is to make money in trading. They will also provide evidence. This is feasible if they are fortunate in some deals, but how reliable is luck? It is preferable to listen to skilled traders with 10 to 20 years of trading experience who claim trading is challenging and frequently lose than to newbies with limited experience who say they constantly win. But where can you go to get professional advice? You can check platforms that connect you with expert traders, such as Crypto Engine.

Who would you listen to if you were climbing a mountain? Will it be to someone who has been to the top numerous times and understands how tough it is to climb a mountain or to someone like you who wants to climb the top and claims to know how to get there? This question is rhetorical.


To Sum It Up

Day trading is quite taxing. To be effective in this form of trading, you will need to do a lot of research on the cryptocurrency market. If you believe that crypto trading is the simplest and fastest way to make money, you are mistaken. You have to take day trading seriously. Many people fail at trading, but some thrive. The main difference is that successful day traders are serious about their business. They approach it more like a business than a pastime.

If you have this attitude, you may be one of the 5% of successful day traders. Simply believe in yourself, and amazing things will begin to happen. Remember that the cryptocurrency market is extremely volatile, so only invest money you can afford to lose. Keep in mind that you might win a lot of money, but you could also lose a lot of money.