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Trade groups prod gov’t on stimulus bills
Leading business organizations urged President Duterte to prioritize economic recovery plans, including a clear strategy for economic revival balanced with health initiatives, in his upcoming State of the Nation Address.
They sought the approval of the CREATE bill, which lowers corporate income tax and provides incentives for businesses.
The business groups also recommended the passage of the ARISE and CURES bills to stimulate the economy and reduce joblessness, particularly for micro, small, and medium-sized enterprises (MSMEs).
They warned that further delays in enacting these measures could worsen investor uncertainty, noting the long wait for a clear action plan despite numerous addresses.
The groups emphasized the need for balancing health-related programs with economic recovery and progress.
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President Rodrigo R. Duterte urged lawmakers to pass stimulus measures to revitalize the Philippine economy, which is nearing recession due to the prolonged and strict coronavirus lockdown.
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President Rodrigo Duterte urged the Bangko Sentral ng Pilipinas (BSP) and other financial institutions to grant regulatory relief to micro, small, and medium enterprises (MSMEs) affected by the COVID-19 pandemic.
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Malacañang asserted that President Rodrigo Duterte's fifth State of the Nation Address (SONA) included plans for COVID-19 recovery, refuting claims of its absence.
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House lawmakers have pledged to prioritize President Duterte's legislative proposals from his fifth State of the Nation Address (SONA), including 21 bills for the remaining two years of his term.
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