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Volume XI, No. 123
AS OF 6:00 PM MAR. 30, 2021 (TUESDAY)
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Briefly CREATE law THE National Economic and Development Authority (NEDA) thanked President Rodrigo Roa Duterte and the Congress for enacting Republic Act 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, which will provide one of the country’s largest stimulus measures ever for the benefit of micro, small and medium enterprises (MSMEs) that are reeling from the impact of the coronavirus disease 2019 (Covid-19) pandemic. “The impact of CREATE is two-fold. First, it provides immediate relief to our MSMEs with a 5 or 10 percentage point reduction in the regular corporate income tax (CIT) rate. Second, it brings our corporate tax rate closer to our Asean peers and enhances our fiscal incentives system to help attract more foreign direct investments (FDIs), which will help generate more jobs and accelerate our recovery,” acting Socioeconomic Planning Secretary Karl Kendrick Chua said in a statement Monday. The CREATE law aims to make the corporate income tax system performance-based, targeted, time-bound, and transparent.
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Banana growers bat for less fees, restrictions Thank you for trusting us!
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MisOr allows Holy week events at 50% capacity
HE Pilipino Banana Growers and Entrepreneurs Association (PBGEA) is calling for fewer government fees and more supportive ordinances to pump up the troubled industry.
PBGEA executive director Stephen Antig told the Philippine News Agency (PNA) in an interview on Thursday that it would also help to have simpler procedures for the compliance of stakeholders. Specifically, Antig cited the possible reduction in lodgment fees with the Bureau of Customs, as well as the "suspension of wharfage fees until the situation gets better". Considering the logistics problems that surfaced during the pandemic, he said local government units (LGUs) should also slash
LTFRB-10 enforces 'Oplan Biyaheng Ayos' By JOEL CALAMBA ESCOL
THE Land Transportation Franchising and Regulatory Board, regional office 10 (LTFRB-10) has joined the preparations for the upcoming Lenten Season, which started on March 26th and will end on April 5, Easter Sunday. "Oplan Biyaheng Ayos: Semana Santa 2021" aims to coordinate with bus operators and passengers to make sure their travels are safe and sound. In bus terminals in Northern Mindanao, ENFORCES/PAGE 11
OPLAN BYAHENG AYOS: SEMANA SANTA 2021. LTFRB-10 conducting inspection to all PUV's and PUB coming in and before their departure to their respective routes to make sure the safety of all commuting public. Ensure the proper health protocol must be observed by everyone on board. Wearing of face mask & face shields, proper Social Distancing inside the PUV's by observing the temporary limitation on the allowable passengers load in every unit to prevent posible COVID-19 infection. dennis ballero mercado
M I S A M I S O r i e n t a l ’s provincial inter-agency task force (IATF) addressing the coronavirus disease 2019 (Covid-19) said it has decided to allow the holding of religious events for the Holy Week at 50-percent capacity. Provincial IATF chief, Dr. Jerie Calingasan, said all religious activities in places of worship must also strictly adhere to established health protocols. Calingasan said the rules also apply to non-religious tourist sites in the province. However, the provincial IATF has prohibited outdoor religious activities, such as processions, “Stations of the Cross" activities, religious street plays, and other "analogous activities." The order takes effect from March 29 to April 3. Calingasan also warned other non-religious tourist destinations to observe a ALLOWS/PAGE 11
Davao City, Iligan, Lanao Sur to remain under GCQ, PRRD says
Resilient Pinoys THE coronavirus pandemic has been affecting economies worldwide for one year now and the Philippines is no exemption. Still, the employment rate in the country was at 91.2 percent in February 2021, according to the latest Philippine Statistics Authority (PSA) report. “Equivalently, there were 43.2 million Filipinos who had job or business out of the 47.3 million Filipinos who were in the labor force. In January 2021 and October 2020, the data was 91.3 percent," National Statistician and Civil Registrar General Undersecretary Dennis Mapa said in a virtual briefing on Tuesday.
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By ANTONIO L. COLINA IV, MindaNews
HOLY WEEK TRADITION. Catholic devotees in Cagayan de Oro City waving their palm fronds Sundayfor ceremonial blessing. In Misamis Oriental, Gov. Yevgeny Vincente B. Emano has allowed traditional Holy week's events at only 50-percent capacity. photo by gerry lee gorit
DAVAO City -- President Rodrigo R. Duterte has retained Davao City under a General Community Quarantine (GCQ) while the rest of the provinces of Davao Region under a modified GCQ (MGCQ) until April 30. The President also extended the GCQ status of Iligan City and the province of Lanao del Sur. In light of the alarming surge in coronavirus disease (COVID-19) cases, the National Capital Region (NCR) and the provinces of Bulacan, Cavite, Laguna, and Rizal have remained under Enhanced Community
Quarantine (ECQ) until April 4. Duterte placed Santiago City in Isabela province under a Modified ECQ (MECQ) from April 1 to 30 and Quirino Province from April 1 to 15. Me a nw h i l e , t h e e nt i re Cordillera Administrative Region (CAR); Cagayan, Isabela, and Nueva Vizcaya in Cagayan Valley; Batangas in Calabarzon; and Tacloban City in Eastern Visayas would also be placed under GCQ while the rest of the Philippines under MGCQ until April 30. (Antonio L. Colina IV / MindaNews)
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