The Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act can bring in over P200 billion in new investments and generate as much as 2 million additional jobs, according to Trade and Industry Secretary Ramon M. Lopez. According to Lopez, the bicameral approved CREATE will be a big boost...
The Bangko Sentral ng Pilipinas (BSP)-led Financial Inclusion Steering Committee (FISC) is strongly urging the quick approval of the proposed Open Access in Data Transmission Act and the signing of an executive order (EO) for satellite-based internet connectivity to accelerate the country’s shift...
Amendments to the data privacy law in the Philippines to address compliance and accountability of organizations will help ensure protection of personal data amid an expected worsening of breaches as more employees work remotely. According to Kevin Shepherdson, CEO and founder of Straits...
Small Business Corporation or SBCorp., the government’s micro financing arm, has released more than P2 billion or 20 percent yet of the P10 billion allocation under the Bayanihan to Recover as One Act or Bayanihan 2 for the micro small and medium enterprises (MSMEs) as of the first week of...
The Philippine government is hoping to end the more than a decade of non-compliance with the Agri-Agra Act, which requires private banks to lend a portion of their funds to farmers and fishermen. This, as the government finally issued the amended implementing rules and regulations (IRR)...
Senator Cynthia Villar expressed gratitude to President Rodrigo Duterte who signed into law Republic Act (RA) 11511 last December 23, a measure that seeks to strengthen organic agriculture in the Philippines. The legislative measure was principally authored and sponsored by Villar, chairperson of...
Coconut farmers are coming up with a position paper that will formally ask President Rodrigo Duterte to veto Coconut Farmers and Industry Trust Fund or the Coco Levy Act, which will pave the way for the release of the P100-billion Coco Levy Fund. (MB FILE, Keith Bacongco) Pambansang Kaisahan ng...
On the anticipated release of the P100-billion coco levy fund, another veto is coconut farmers’ last hope after the House version of Coconut Farmers and Industry Trust Fund (Coco Levy Act) was passed on third and final reading and turned out to be “worse than the Senate version of the law”....
The government through its auditing agency is set to improve its systems to regulate coronavirus-related expenses. Commission on Audit disclosed its plan last week to team up with members of civil society organizations to comply with the procurement regulations mandated under the Bayanihan Act....
Coconut farmers are questioning some provisions of the Coconut Farmers and Industry Trust Fund Act (Coco Levy Act) such as the annual allocation of portions of the P100-billion coco levy fund to several government agencies, some of which...
The Philippine Coconut Authority (PCA) started the mass registration of coconut farmers to update the National Coconut Farmers Registry System (NCFRS), a concrete database of coconut farmers, ahead of the forthcoming release of the P100-billion coco levy fund. (MB FILE, Keith Bacongco) In several...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will need to borrow P38.4 billion this year to augment the funds needed for the power rate reduction subsidy mandated under Republic Act 11371 or the Murang Kuryente Act (MKA) that was signed by President Rodrigo Duterte...
