BusinessWeek Mindanao (May 4, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 134

AS OF 6:00 PM MAR. 13, 2020 (FRIDAY)

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IN-DEPTH

Monday | May 4, 2020

FINANCE Secretary Carlos Dominguez III has issued the revenue regulations extending t h e d e a d l i n e s fo r f i l i n g o f tax retur ns, submission of documents, and the payment of taxes, pursuant to Republic Act 11469, otherwise known as “Bayanihan to Heal as One Act.” According to Revenue Regulations (RR) No. 7-2020 dated March 30, 2020, the extension aims to relieve Filipino taxpayers who will not be able to prepare, let alone file, the necessar y documents under the Tax Code because of the enhanced community quarantine (ECQ) and other restrictions on the personal movement being implemented by the national and local governments to prevent community transmission of the coronavirus disease. Section 4(z) of the Bayanihan Act, which placed the Philippines in a state of national emergency, grants the President the authority to “move statutor y deadlines and timelines for the filing and submission of any document, the payment of taxes, fees, and other charges required by law.”

P15.00

Covid delays WB-funded agri projects in M’danao A

HOLCIM Philippines Inc. reported that it has suspended operations in its Davao City plant in compliance with the City government’s order imposing an enhanced community quarantine (ECQ). In a disclosure to the P h i l i p p i n e S t o ck E x c h a n g e, Holcim said the suspension in operations will be from April 4, 2020 until April 19, 2020, or until the ECQ is lifted or withdrawn. “Our Lugait Plant in Misamis Oriential will continue to operate and serve the requirements of our business partners and customers in Northern Mindanao and the Visayas,” the firm said.

Tax payment extended

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By CARMELITO Q. FRANCISCO Correspondent

G R I C U LT U R A L i n f r a s t r u c t u r e a n d enterprises funded under the Philippine Rural Development Project (PRDP) are facing delays in implementation due to lockdown measures in response to the coronavirus disease 2019 (COVID-19) outbreak. “COVID-19 is really affecting our operations, especially in implementing our subprojects that involve field work

since there are quarantine measures implemented in different cities, provinces MDANAO/PAGE 11

Six tests negative for Covid-19 in CDO, MisOr RICE RATION. Families in Bagumbayan, Kauswagan town in Lanao del Norte receive one 25-kg bag of rice each from the local government. The assistance will be sustained depending on the progress of efforts to contain the coronavirus pandemic. MindaNews photo by RICHEL V. UMEL

UN’s rehab program in Marawi to include COVID-19 response By CARMELITO Q. FRANCISCO Correspondent

THE United Nations Human Settlements Programme (UN-Habitat) has expanded its rebuilding program in Marawi City to include response measures on the coronavirus disease 2019 (COVID-19) crisis. In a press statement released Monday

SIX individuals from this city and Misamis Oriental, who were suspected of having

contracted the coronavirus disease 2019 (Covid-19), have tested negative, health authorities said Friday (May 1). MISOR/PAGE 11

night, UN-Habitat said its Global Emergency Response Fund is providing an additional budget for the three-month project called COVID-19 Response As We Rebuild Marawi. The project components include providing residents access to food and other basic needs through satellite markets and mobile RESPONSE/PAGE 10

LandBank gives cash aid to rice farmers THE L and Bank of the Philippines (LandBank) has paid out over P308 million to over 60,000 farmer-beneficiaries listed under the Department of Agriculture’s (DA) Financial Subsidy

By ERCEL MAANDIG, PNA

to Rice Farmers (FSRF) initiative. In a statement, LandBank said that as of April 22, a total of 61,564 rice farmers across 26 provinces have received FARMERS/PAGE 11

OFF FOR PLAY. This children's playground in Malaybalay City has been closed as one of the quarantine measures to contain the spread of COVID-19. MindaNews photo by H. MARCOS C. MORDENO

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