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Makati suppliers told to get accreditation

account_balanceMakati access_time4 days ago

Mayor Abby Binay has invited Makati-based suppliers of goods and services to register with the city Business Permit and Licensing Office (BPLO) in order to qualify as beneficiaries of incentives being rolled out by the city government to boost and pr...

Photo courtesy of: PIO Muntinlupa

Muntinlupa extends P1-million loan to cooperative

account_balanceMuntinlupa access_time4 days ago

Muntinlupa City provided a P1-million loan assistance to Salon de Ayala Service and Credit Cooperative in to help local businesses recover from the economic disruption brought about by the COVID-19 pandemic. Mayor Jaime Fresnedi (4 th from...

In its ceremonial launching today, the %u2018Bayaning Pulis Foundation%u2019 sets another milestone of the PNP Peace and Order Agenda for Transformation and Upholding of the Rule of Law  or PNP P.A.T.R.O.L Plan 2030 in providing assistance to the families of police officers who died in duty while fulfilling their mission as public servants / PNP Facebook Page

Foundation to support families of slain policemen

account_balanceMetro Manila access_time4 days ago

The Philippine National Police (PNP) and the Philippine Chamber of Commerce and Industry (PCCI) launched a foundation to provide educational assistance and other benefits to children and other dependents of police officers who died or have been ...

Metro News

Budget for recovery plan possible only by 2021

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

A ranking Department of Finance (DOF) executive said the proposed Accelerated Recovery and Investments Stimulus for the Economy (ARISE) bill can be funded but not this year.
 
In a virtual economic briefing hosted by Security Bank Corporation (Security Bank), Finance Undersecretary Gil Beltran said the DOF can look for the needed revenues but not this time since the proposed measures need a huge budget.
 
“The (revenue) estimates for 2020 to 2022 have been very conservative. We know that we can look for efficiencies somewhere,” he said.
 
Among the keys to get the needed funds for the proposed measure include the more efficient tax collections, tax administration improvements, and electronic invoicing (e-invoicing).
 
The government targets to fully implement e-invoicing by 2022 to further improve tax collections and tax administration.
 
Beltran added that as much as the Finance department wants to fund ARISE, this will not happen this year because this measure will exceed the financing program set by economic managers.
 
The House of Representatives has approved on third and final reading its version of the ARISE bill, which needs about PHP1.3-trillion budget.
 
The Senate’s version, in turn, requires about PHP140 billion.
 
Business groups support the said measure but Finance Secretary Carlos Dominguez III earlier cautioned legislators on the approval of stimulus measures that the government cannot finance or are unsustainable, as these will just push the government’s budget gap wider.


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