President Rodrigo Duterte signs a bill that allows the government to set up an indemnity fund worth ₱500 million to individuals who may suffer adverse reactions or side effects after receiving the vaccine under the COVID-19 vaccination program.
Makati City Representative Luis Campos Jr. urges the Bangko Sentral ng Pilipinas (BSP) to reconsider and suspend their current plan to increase the fees for automated teller machines (ATMs) amid the COVID-19 pandemic in the Philippines.
The Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill has been approved by the Houses of Senate and Congress to be signed into law.
The House of Representatives announced that they will focus on the COVID-19 Vaccination Program in the Philippines and other high-priority legislative measures as their session continues on Monday, January 18.
The Department of Trade and Industry (DTI) hopes for the final version of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill will have a close similarity with the house’s version of the Corporate Income Tax and Incentives Reform Act (CITIRA).
The Trade Union Congress of the Philippines (TUCP) appeals to the government to provide a monthly wage subsidy of ₱11,000 to “new poor” workers severely affected by the COVID-19 pandemic.
Philippine Economic Zone Authority (PEZA) Chief Charito B. Plaza repeats her call to permit investors to keep their current fiscal incentives, exempting them from the new tax regime.
The Department of Finance (DOF) Secretary Carlos Dominguez III praises the role of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill in attracting investments for renewable energy in the Philippines.
President Rodrigo Duterte certifies the Financial Institutions Strategic Transfer (FIST) act, along with other senate bills, as urgent to support the Philippine financial sector and the Anti-Money Laundering Law amid the COVID-19 pandemic.