Tag: business tax

Muntinlupa City’s Top 10 taxpayers lauded

Muntinlupa City’s Top 10 taxpayers lauded

carlocarrasco

Recently in the progressive city of Muntinlupa, the Top 10 taxpayers of the city were lauded for their tremendous economic contributions which played a key role in local recovery from the downturn of the COVID-19 crisis, according to a Manila Bulletin news report. They were commended by Mayor Ruffy Biazon during the 28th cityhood anniversary celebrations on March 1.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

Muntinlupa Mayor Ruffy Biazon commended the top 10 taxpayers and the business community for helping in reviving the local economy especially after the onslaught of the Covid-19 pandemic.

During the 28th Muntinlupa cityhood anniversary on March 1, the top 10 taxpayers were recognized.

They were Filinvest Alabang, Inc.; Ford Group Philippines, Inc.; Filinvest Land Inc. – Festival Supermall; Ayala Land Inc.; Filinvest Reit Corporation; Meralco Business Center; Amkor Technology Philippines; Capital One Philippines Support Services Corporation; GenPact Services LLC Philippines, Inc.; and Insular Life Assurance Company Ltd.

In his State of the City Address, Biazon said Muntinlupa is “steadily bouncing back” from the effects of the Covid-19 pandemic, which crippled the economy and resulted in people losing their jobs.

“Our cityhood journey, and now our road to pandemic recovery, underscores the importance of working together, and shows what we can do when we are focused towards a more liveable and more responsive city for Muntinlupeños,” Biazon said.

Taxpayers, including business establishments, have fueled the city’s economic recovery from the pandemic, posting P6.033 billion in total revenues with 101.09 percent collection efficiency.

In addition, the city government recorded 12,232 registered businesses as of January 2023, up 59 percent from 7,651 registered businesses in the same period last year.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Are you thankful to the mentioned companies that made the Top 10 list of taxpayers? Are you confident with the City Government’s role with the local economy?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

BIR says half a trillion Pesos lost to tax evasion each year

BIR says half a trillion Pesos lost to tax evasion each year

carlocarrasco

Tax evasion remains a very serious problem in the Philippines. As far as the Bureau of Internal Revenue (BIR) is concerned, the authorities lose around half a trillion Pesos each year due to tax evasion, according to a BusinessWorld news report.

To put things in perspective, posted below is the excerpt from the BusinessWorld news article. Some parts in boldface…

THE GOVERNMENT loses around P500 billion annually to tax evasion, according to a top Bureau of Internal Revenue (BIR) official.

“There is a lot, especially if we include those involved in illicit trade. In cigarettes alone, there’s around P100 billion,” BIR Commissioner Romeo D. Lumagui, Jr. said, when asked about revenue losses from tax evasion.

“Leakages aren’t part of that yet, like petroleum or vape products that aren’t registered, as well as fake receipts. I think it won’t go below P500 billion if you add everything up,” he added.

Mr. Lumagui said the BIR will have an easier time achieving its collection targets if it addresses tax evasion.

Earlier this month, the BIR filed 74 tax evasion complaints worth P3.5 billion against several companies.

“We will tailor efforts to improve digital services so businesses will leave the shadow economy and join the tax net. We will now focus on enforcement activities against tax evaders, put emphasis on tapping uncollected taxes through illegal activities,” Mr. Lumagui said.

The BIR is currently monitoring and investigating a number of suspected tax evaders.

“The most important right now is the selling of fake receipts and we know who (they are). We are investigating so we can file a case against those involved,” Mr. Lumagui said.

The BIR is targeting to collect P2.6 trillion in revenues this year.

“With all our activities and efforts we are making, we will be able to achieve the tax collection target,” he said.

In 2022, the agency collected a total of P2.34 trillion, surpassing its P2.1-trillion target.

Meanwhile, Mr. Lumagui said the agency will also review its policies after the Supreme Court declared void its regulations that require firms to disclose the personal information of investors.

“We must respect the privacy (of these investors) but when it comes to the correct amount of taxes, the BIR has auditing power. There is still a need to pay taxes and the compliance of these businesses needs to be monitored. When it comes to determining the correct amount of taxes, we can investigate that,” he added.

The Supreme Court declared that the BIR Revenue Regulations No. 1-2014 and Revenue Memorandum Circular (RMC) No. 5-2014 “void for being unconstitutional” as it violated the right to privacy.

The regulations require businesses to disclose investor information such as addresses, tax identification number (TIN), and birthdays, among others.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the BIR will be able to collect P2.6 trillion this year even with tax evasion still going on? What do you think should be done to eradicate tax evasion all over the Philippines?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Las Piñas City extends business permit renewal deadline to February 28, 2023

Las Piñas City extends business permit renewal deadline to February 28, 2023

carlocarrasco

Recently the City of Las Piñas issued another extension of the local deadline for the renewal of business permits which is now February 28, 2023, according to a Manila Bulletin news report. Previously, the deadline was set for January 31, 2023.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

The Las Piñas City government extended again the deadline for renewal of business permits and licenses from Feb. 1 until Feb. 28.

Mayor Imelda Aguilar is urging all business owners in the city to avail of the second deadline extension for renewal of business permits, licenses, taxes, and other commercial and industrial fees and charges without penalties and surcharge.

Aguilar said the city government set the first deadline extension for business permit renewal from Jan. 20 to 31 through a City Council resolution.

She said the city government made the move after the Business Permit and Licensing Office (BPLO) noted a high number of business permit registrations and applications.

The mayor said deadline extension until Feb. 28 will also help businesses who have just recovered from the effects of the Covid-19 pandemic.

Aguilar said the extension will also accelerate the city’s collection from business permit renewal and applications.

The mayor is also hoping delinquent businesses can now legalize their operation.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Do you find it surprising that the City Government extended the deadline again? Do you know any local business owner who intends to have his or her business permit renewed very soon?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Philippines achieves 7.6% economic growth in 2022

Philippines achieves 7.6% economic growth in 2022

carlocarrasco

The Philippines’ recovery from the downturn of the COVID-19 crisis continued strongly as it has been confirmed that the national economy expanded by 7.6% for the entire year of 2022 which includes a 7.2% 4th quarter economic growth, according to a news article by the Philippine News Agency (PNA). Take note that the Philippines is expected to grow between 6.5% and 7% in 2023 according to the national authorities while there are signs that the United States economy will fall into a recession this year. Regardless, the Philippines ended 2022 competitively in terms of economic expansion among its Asian neighbors.

To put things in perspective, posted below is the excerpt from the PNA news report. Some parts in boldface…

The Philippine economy expanded by 7.2 percent in the last quarter of 2022, bringing full-year growth to 7.6 percent, driven by increased economic activity mainly from pent-up demand as it fully reopened amid elevated inflation rate.

National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said among the major emerging economies in the region that have released their fourth-quarter gross domestic product (GDP) growth, the Philippines grew the fastest, followed by Vietnam at 5.9 percent and China at 2.9 percent.   

“Our improved Covid-19 (coronavirus disease 2019) risk management and the easing of mobility restrictions have created a positive economic outlook, boosting economic activity and creating more jobs despite external headwinds,” he said in a briefing on Thursday. 

Balisacan said measures being implemented by the government to further buoy the economy’s recovery are working.

“Our strong economic growth performance for 2022 proves that our calibrated policies and strategies have helped put us on the path to recovery and on track to achieving our aspiration for an inclusive, prosperous, and resilient society by 2028,” he said.

Balisacan said pent-up demand drove growth in the fourth quarter as the economy was fully reopened during the period, with household consumption accounting for around three-fourths of domestic output, and investments contributing around a fifth.

“The improvements in labor market conditions, increased tourism, revenge and holiday spending, and resumption of face-to-face classes supported growth in the quarter, further reflecting a solid rebound in consumer and investor confidence in the economy,” he said.

Balisacan said had it not been for the elevated inflation rate, which rose to its highest since November 2008 last December when it accelerated to 8.1 percent, “growth could have been higher by another perhaps 1 to 2 percentage points.”

“It shows how overall demand is sensitive to inflation,” he added.

In terms of the volume of economic activities, Balisacan said domestic growth has recovered for many sectors, except for others such as tourism.

“(But) in so far as per capital income… we haven’t fully recovered yet,” he said.

Balisacan said the government is firm on ensuring that quality jobs will be available to Filipinos to lessen their need to work abroad.

“Inclusive growth across the archipelago will be our vehicle for reducing poverty incidence from 18 percent of the population in 2021 to a single-digit level by 2028,” he said.

National Statistician Dennis Mapa said 2022 full year GDP growth of 7.6 percent exceeded the government’s 6.5 to 7.5 percent growth assumption for the year and the highest after the 8.8 percent in 1976.

Mapa said the fourth-quarter growth, slower than the 7.6 percent in the previous quarter, was driven by the wholesale and retail trade, repair of motor vehicles and motorcycles, financial and insurance activities and retail estate and ownership of dwellings boosted domestic growth.

He said domestic demand remained strong, with the household final consumption expenditure (HFCE) rising by 2.1 percent quarter-on-quarter, led by the restaurants and hotels, food and non-alcoholic beverages, and miscellaneous goods and services. Year-on-year expansion of HFCE stood at 7 percent.

Among the major economic industries, Mapa said agriculture, forestry, and fishing contracted by 1.7 percent because of the lower output of sugarcane, palay (rice), and poultry and egg production.

Meanwhile, Balisacan said the government is doing pro-active assessment of the current situation to address the elevated inflation rate in the country, which is expected to go back to within the government’s 2 to 4 percent target band by the second half of this year.

He said the government continues to allow the importation of several food items to boost domestic supply, adding that not doing so will hurt both the consumers and domestic growth.

Let me end this piece by asking you readers: What is your reaction to this new development? Do you believe that the economy of the Philippine economy will grow between 6.5% to 7% this year? Do you think that more foreign tourists coming into the country will be able to help the nation achieve its economic growth targets this year? Apart from what was already mentioned, what do you think the national government should do to combat inflation? Do you think that the lower income tax for middle income earners will make a positive contribution to economic growth?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. If you want to support my website, please consider making a donation. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco/.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Las Piñas City government adjusts business permit renewal deadline to January 31, 2023

Las Piñas City government adjusts business permit renewal deadline to January 31, 2023

carlocarrasco

Recently in the City of Las Piñas, the City Government announced that the deadline for the renewal of business permits has been moved from January 20 to January 31, 2023, according to a Manila Bulletin news report. Their City Council approved a resolution which was subsequently signed by the Mayor.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

The Las Piñas city government announced on Saturday, Jan. 21, that the deadline for the renewal of business permits has been extended from Jan. 20 to Jan. 31.

Mayor Imelda Aguilar signed the resolution extending the period for payment of business permits, licenses, taxes, and other similar commercial fees and charges without surcharges and penalties.

The resolution was passed and approved by the City Council on Jan. 16.

Aguilar said they made the move since the Business Permit and Licensing Office (BPLO) has been receiving numerous business permit registration and renewal applications.

She said the resolution states that an extension of deadline for payment of business permits and licenses will not only encourage the settlement of fees and charges but also accelerate the collections. It likewise enables delinquent individuals and firms to legalize their business operations.

The resolution also says the extension will ultimately redound to the benefit of the city because the taxpayers will be able to comply with the mandatory obligation of providing revenues to the city government.

Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? If you are running a business within the city, will the extension be helpful to you?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City extends Business Permit Renewal anew to March 31, 2022 without penalties

Muntinlupa City extends Business Permit Renewal anew to March 31, 2022 without penalties

carlocarrasco

The City Government of Muntinlupa has announced another extension on the business permit renewal period up to March 31, 2022.

Muntinlupa Business Permits and Licensing Office has posted on its Facebook page regarding the extension of the assessment and payment of Business Permit Renewal.

“Per City Ordinance No. 2022-318, the deadline for both the assessment and payment of Business Permit Renewal is extended up to March 31, 2022. Renew your business permits now to avoid penalties,” BPLO noted.

Meanwhile, all transactions are now back at City Hall. Previously, taxpayers proceed to Muntinlupa Business Permit Renewal Hub located at Muntinlupa Sports Center, Brgy. Tunasan.

The extension has been approved by the City Council and Mayor Jaime Fresnedi following the request of BPLO. The licensing office noted the economic impact of COVID-19 pandemic to the taxpayers.

BPLO added that the initiative aims to help taxpayers who “may not be able to immediately comply with the mandatory documents which are the basis for the prudent and correct imposable taxes” due to the pandemic.

The extension covers payment of all local taxes, fees and other charges without penalty.

Further, business owners may renew their business permit online via the Business E-payment System (BESt) which can be accessed thru Muntinlupa City official website (www.muntinlupacity.gov.ph).

Muntinlupa BEST is an online platform which allows locators to accomplish business permit applications and transactions through any internet-enabled device. Taxpayers can accomplish transactions including application for New Business Permit, Renewal of Business Permit, Application Status Inquiry, Billing and Payment, and Payment History.

Another option for business locators is the Business Permit Application Self-Service (BPASS) kiosks which are located across the city’s major malls.

Business permits may also be delivered by the city government’s official courier service partner, Keridelivery Inc, to the doorstep of business owners.

Mayor Fresnedi thanked the taxpayers for their continued support in doing their part for the recovery of the city and the local economy.

+++++

The above information was sourced from an official press release. Some parts were changed for this website.

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  HavenorFantasy@twitter.com as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Deadline for payment of business permits and licenses in Las Piñas City extended to March 31, 2022

Deadline for payment of business permits and licenses in Las Piñas City extended to March 31, 2022

carlocarrasco

If you are running a business in Las Piñas City and you need more time to settle your dues with the City Government, then you should be delighted to know that the deadline for paying business permits, licenses, taxes, fees and charges has been extended all the way to March 31, 2022 as a result of a move done by the City Council with the approval of Mayor Imelda Aguilar, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin report. Some parts in boldface…

The Las Pinas City Council, headed by Vice-Mayor April Aguilar, has extended the deadline for the payment of business permits, licenses, taxes and other commercial and industrial fees and charges until March 31 without interests, penalties, and surcharges.

Mayor Imelda Aguilar immediately signed the resolution passed and approved by the City Council to give local businesses relief, ease their burden, and help them to recover from the severe effects of the COVID-19 pandemic.

Aguilar endorsed the letter of Wilfredo Gaerlan, chief of the Business Permit and Licensing Office (BPLO), requesting for the extension of the deadline of the payment of business permit and licenses.

The vice-mayor, upon receiving the endorsement of the mayor, convened the City Council to pass a resolution after learning of the decrease in business permit and license renewal due to the recent surge in COVID-19 cases in the National Capital Region (NCR) due to the Omicron variant.

The City Council heeded the call of the Anti-Red Tape Authority (ARTA) for local government units to extend the period of renewal of business permits and payment of real property tax until the end of the first quarter given the surge in COVID-19 cases.

Let me end this piece by asking you readers: If you are managing a business in Las Piñas City, what is your reaction to this recent development? How helpful is the extension for you and your business?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City extends Biz Permit Renewal to February 15, 2022 without penalties

Muntinlupa City extends Biz Permit Renewal to February 15, 2022 without penalties

carlocarrasco

The City Government of Muntinlupa officially extended the business permit renewal period from January 20 to February 15, 2022.

Mayor Jaime Fresnedi has approved City Ordinance No. 2022-311 extending the filing and renewal of Business and Tricycle Permits up to the closing hours of February 15. The extension also covers payment of all local taxes, fees and other charges without penalty.

The Business Permit and Licensing Office (BPLO) requested for the extension of time of filing and renewal of permits noting the economic impact of COVID-19 pandemic to the taxpayers.

Previously, the Business Permit Renewal was scheduled from January 3-20.

Taxpayers may proceed to Muntinlupa Business Permit Renewal Hub located at Muntinlupa Sports Center, Brgy. Tunasan or opt to process their application online and via off-site channels

Strict health standards and distancing protocols are implemented in the Renewal Hub which include sterilization and disinfection of submitted documents using UV box, body temperature check, installation of alcohol sprays, and monitoring by compliance officers.

A One-Stop Shop arrangement in the Business Permit Renewal Hub has been installed in the venue for the convenience of taxpayers.

Business taxpayers can pay using Debit Cards in the Renewal Hub. Mobile ATMs and a Closed Circuit Television System are also installed across the venue. Free shuttle service is provided for clients going to and from the venue with pick-up points located at Muntinlupa City Hall Quadrangle.

Further, business owners may renew their business permit online via the Business E-payment System (BESt) which can be accessed thru Muntinlupa City official website (www.muntinlupacity.gov.ph).

Muntinlupa BEST is an online platform which allows locators to accomplish business permit applications and transactions through any internet-enabled device. Taxpayers can accomplish transactions including application for New Business Permit, Renewal of Business Permit, Application Status Inquiry, Billing and Payment, and Payment History.

Another option for business locators is an off-site channel via the Business Permit Application Self-Service (BPASS) kiosks located inside the city’s major malls.

Business permits may also be delivered by the City Government’s official courier service partner, Keridelivery Inc, to the doorstep of business owners.

Mayor Fresnedi extends his thanks to the business tax payers in doing their part for the recovery of the city and the local economy.

The list of requirements is posted in the city’s website www.muntinlupacity.gov.ph.

For inquiries, you may call BPLO Muntinlupa at 8317-9964 or email them at bplo.muntinlupa@yahoo.com.

+++++

The above information was sourced from an official press release. Some parts were changed for this website.

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  HavenorFantasy@twitter.com as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: The high cost of ECQ on the Philippine economy

COVID-19 Crisis: The high cost of ECQ on the Philippine economy

carlocarrasco

You must be wondering how much of a price did the nation pay as a result of the 2-week ECQ (enhanced community quarantine) ordered on NCR Plus (National Capital Region plus the provinces of Bulacan, Cavite, Laguna and Rizal).

The answer? P180 billion in terms of economic losses according to the Department of Trade and Industry (DTI) accounting for 1% of the nation’s gross domestic product (GDP). To put things in perspective, posted below is an excerpt from the Philippine News Agency (PNA) article of April 15, 2021. Some parts in bold…

The Department of Trade and Industry (DTI) has estimated that the country lost 1 percent of gross domestic product (GDP) during the two-week enhanced community quarantine (ECQ) in National Capital Region (NCR) and four nearby provinces.

During the Laging Handa public briefing Thursday, DTI Secretary Ramon Lopez said the economic loss due to the half-a-month ECQ in NCR, Bulacan, Cavite, Laguna, and Rizal (NCR Plus) is equivalent to PHP180 billion.

Earlier, Lopez said around 1.5 million Filipinos had no jobs during the ECQ in NCR Plus, and only 500,000 jobs were brought back when the quarantine classification for areas was downgraded to a less strict modified ECQ (MECQ).

“We want to see lower Covid-19 (coronavirus disease 2019) cases and lower utilization rate of (Covid-19 beds) before we ease the status to GCQ (general community quarantine),” he said in Filipino.

The DTI chief also downplayed speculation that the reopening of economic activities and business establishments became the ‘super spreader’ of Covid-19.

To manage the rate of infection of the coronavirus, Lopez said the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) will not allow high-risk and non-essential activities and gatherings.

He added the government must slow down the daily Covid-19 cases while increasing the health care capacity to relax community quarantine status in the NCR Plus.

Clearly, the 2-week ECQ period on NCR Plus was damaging not only to the businesses and people of the affected region but on the Philippine economy as well. What we cannot see yet is exactly how many more people – specifically those who lost jobs in NCR Plus because of ECQ – fell into poverty. Take note that the more people fall into poverty, the more costly it becomes for the local government units (LGUs) and the nation government to provide support to them using taxpayers’ money.

As it has been a week since NCR Plus shifted to MECQ (modified enhanced community quarantine), we will find out soon how much the region and the national economy recovered from the high cost of ECQ.

If you do the math, a single week of ECQ on NCR Plus costs P90 billion. Can you just imagine the dramatic cost to the nation had ECQ went on for a full year of 52 weeks? Do not forget that all the unemployed bad need jobs and income.

Right now, the national government and varied forms of governing units are still struggling to balance themselves between economics and public health during this COVID-19 (China virus) pandemic that has lasted over a year now. No matter how you do your business, how you make your important transactions, follow the health protocols to avoid getting infected with the China virus.

By the way, whenever possible, support the business joints in your local community whenever you need to buy or consume something. By the way, never let the Political Left fool you with their propaganda related to economy and the pandemic.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Business Permit Renewal processing in Muntinlupa City to last until January 29, 2021

Business Permit Renewal processing in Muntinlupa City to last until January 29, 2021

carlocarrasco

The annual Business Permits Renewal process in Muntinlupa City commenced in a bigger venue with strict health measures in place to comply with IATF safety protocols.

Mayor Jaime Fresnedi assures business locators in the city that health protocols are strictly observed in the 2021 Muntinlupa Business Permit Renewal Hub located at the Center Court of Muntinlupa Sports Center, Brgy. Tunasan.

Fresnedi inspected the venue with Local Economic Investment Promotions Officer Gary Llamas, City Administrator and Business Permits Licensing Officer Allan Cachuela, and other local officials during the opening of the renewal event last January 4.

Strict health standards and distancing protocols are implemented which include sterilization and disinfection of submitted documents using UV box, body temperature check, installation of alcohol sprays, and monitoring of ‘sneeze guards.’.

The public is advised to wear face mask with face shield and bring their own ballpen for their safety and convenience.

Business taxpayers are also instructed to download the StaySafe app on their mobile device to scan the QR Code at the entrance of the Renewal Hub for contact tracing purposes. The City Government partnered with Staysafe.PH through City Ordinance No. 2020-181 to implement a “No QR Code, No Entry Policy” in all establishments for mandatory contact tracing starting January 2021.

Further, senior citizens will not be allowed entry into the Renewal Hub, unless they are business owners renewing their permits in compliance with IATF guidelines. A One-Stop Shop arrangement in the Business Permit Renewal Hub has been installed in the venue for the convenience of taxpayers.

Business taxpayers can pay using Debit Cards in the Renewal Hub. Mobile ATMs and a Closed-Circuit Television System are also installed across the venue. Free shuttle service is provided for clients going to the venue with pick-up points located at Muntinlupa City Hall Quadrangle in Putatan.

The 2021 Business Permit Renewal will run from January 2 to 29, 2021 and BPLO Muntinlupa will serve clients from Mondays to Fridays, 8:00 AM to 5:00 PM. Currently, there are 15,144 registered business in the city. Earlier, BPLO Muntinlupa also encouraged business taxpayers to renew their business permits online through the Business E-payment SysTem (BEST).

Muntinlupa BEST is an online platform that will allow locators in Muntinlupa City to accomplish business permit applications and transactions through any internet-enabled device.

Top Ten “Early Bird” Taxpayers in the 2021 Muntinlupa Business Permit Renewal receive cerficates of recognition and grocery packages from the City Government. Mayor Jaime Fresnedi (5th from left) and City Administrator Engr. Allan Cachuela (left) greeted early taxpayers and extended his gratitude to the business owners for renewing their businesses in the city last January 4. The business renewal event will run until January 29 at Muntinlupa Sports Complex, Tunasan. (source – Muntinlupa PIO)

Taxpayers can access the online platform via www.muntinlupacity.gov.ph and accomplish transactions including application for New Business Permit, Renewal of Business Permit, Application Status Inquiry, Billing and Payment, and Payment History.

Mayor Fresnedi thanked the business owners for their punctuality in paying their dues and renewing their businesses in the city despite challenges brought about by the pandemic. The local exec also encouraged other locators to skip “rush days” of registration nearing the deadline.

He vowed to assist local entrepreneurs in the city through various social and economic programs and services for their recovery.

The list of requirements is posted in the city’s website www.muntinlupacity.gov.ph. For inquiries, you may call BPLO Muntinlupa at 8317-9964 or email at bplo.muntinlupa@yahoo.com.

+++++

The above information was provided by the City Government of Muntinlupa for the purpose of public information and transparency. Some parts were edited for this website.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673