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Politics

ANGARA SEES END OF TAX HIKE ON PRIVATE SCHOOLS

As more senators sign as co-sponsor of the bill explicitly declaring that private schools are exempt from the 25 % corporate income tax, its author, Senator Sonny Angara, predicts its approval by an overwhelming majority in the Senate. “How can you not support a measure that is fair and just, and corrects an injustice to […]

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Government

DUTERTE SIGNS CREATE ACT INTO LAW – LOPEZ

The Department of Trade and Industry (DTI) and the Board of Investments (BOI) hailed the signing of the landmark Republic Act. No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act by President Rodrigo Duterte after it passed both Houses of Congress recently. “We thank President Rodrigo Roa Duterte and the Congress […]

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Politics

CREATE TO KEEP COVID-HIT BUSINESSES AFLOAT

Camarines Sur Rep. LRay Villafuerte welcomed the signing into law by President Duterte of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act as this measure will help keep businesses afloat, most especially the micro, small and medium enterprises (MSMEs), and allow them to retain their workers or even hire new ones while the country […]

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Government

PH MANUFACTURING SECTOR REMAINS STEADY – LOPEZ

Fresh off a 25-month high in January, the Philippine manufacturing sector output remained steady in February, according to a survey conducted by IHS Markit.   The Purchasing Manager’s Index (PMI) for the country sustained its figure at 52.5, still above the benchmark of 50 that distinguishes expansion from contraction. IHS Markit said operations inched up […]

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Politics

RATIFIED CREATE BILL TO AID EMPLOYEES – VILLANUEVA

Senator Joel Villanueva lauded Congress’ ratification of the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law that would now cover training incentives to cushion the impact of automation in employed and upskill workers. At the same time, Villanueva challenged the Department of Finance (DoF) and the Foreign Investment Review Board (FIRB) to fulfill […]

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Politics

PRIORITIZE UPSKILLING OF WORKERS – VILLANUEVA

With seven out of 10 Filipino workers at risk of losing their jobs to automation, upskilling and retooling of workers should be one of the key considerations under the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, according to Senator Joel Villanueva. Underscoring the inadequacy of job-related training in the country for workers, […]

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Politics

CREATE TO ATTRACT AGRI INVESTMENTS – PANGILINAN

The proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) measure should attract big-ticket investments in agriculture and agro-industry, said Senator Kiko Pangilinan. “This new CREATE measure should be able to support and promote more investments in farming, fishing, and other related industries. At napakaraming opportunity dito,” Pangilinan said, noting that only the agriculture […]