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Government

CREATE BILL TO GENERATE 2 MILLION JOBS – LOPEZ

The National Employment Recovery Strategy (NERS) Task Force chaired by the Department of Trade and Industry (DTI) and co-chaired by the Department of Labor and Employment (DOLE) and the Technical Education and Skills Development Authority (TESDA), which was signed recently by several agencies, will be given a big boost by the bicameral approval of the […]

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Politics

CREATE BILL MAKES CANCER TREATMENT AFFORDABLE

Once enacted into law by President Rodrigo Duterte, the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill will result in a more affordable cancer treatment as the measure will exempt cancer prevention medication from the Value Added Tax (VAT), Senator Joel Villanueva said. Villanueva, chair of the Senate Committee on Labor, Employment and Human […]

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Government

BOI-APPROVED INVESTMENTS TOP P1T IN 2020 – LOPEZ

Department of Trade and Industry (DTI) Secretary and Board of Investments (BOI) Chairperson Ramon Lopez announced a P1.25T project approval target for the agency in 2021, following total approved investments of P1.02T last year. “We are working hard for a V-shaped Philippine economic recovery in 2021 and are hence targeting the original 2020 pre-pandemic goal for […]

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Politics

VILLAFUERTE WELCOMES CREATE BILL RATIFICATION

Camarines Sur Representative LRay Villafuerte has welcomed the congressional ratification of the consolidated bill on the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which, he said, would help accelerate the recovery of the Philippine economy from the ravages of the Covid-19 pandemic. A co-author of this long-due economic reform measure, Villafuerte pointed out […]

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Government

DTI, HOUSE TRADE CMTE START WORK ON KEY BILLS

Trade Secretary Ramon Lopez highlighted the legislative plans of the Department of Trade and Industry (DTI) to cement closer collaboration with the Lone District of Navotas Representative John Reynald Tiangco, the new House Chair of the Committee on Trade and Industry, as they held their first virtual meeting recently. Lopez requested for the assistance of […]