Economy of the Philippines – Page 35

Philippines unemployment rate falls to 3.6% (as of November 2023)

January 15, 2024January 14, 2024carlocarrasco

Based on the latest findings of the Philippine Statistic Authority (PSA), the national unemployment rate fell down to 3.6% as of November 2023, according to a Philippine News Agency (PNA) news article.

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

The country’s unemployment rate fell to its lowest level in November last year, while employment reached its highest since April 2005, the Philippine Statistics Authority (PSA) reported on Tuesday.

At a briefing, National Statistician Dennis Mapa said results of the PSA’s latest Labor Force Survey (LFS) showed that unemployment rate further went down to 3.6 percent during the month, down from the 4.2 percent recorded in November 2022 and October 2023.

It was the lowest recorded unemployment rate since the PSA introduced a new methodology for measuring the LFS in 2005.

In terms of magnitude, the number of unemployed Filipinos was estimated at 1.83 million, down from 2.18 million in November 2022 and 2.09 million last October.

The Labor Force Participation Rate (LFPR), meanwhile, was registered at 65.9 percent or about 51.47 million Filipinos aged 15 and above who were either employed or unemployed.

The LFPR during the month was lower than the 67.5 percent recorded in November last year.

In a statement, the National Economic and Development Authority (NEDA) said the decline was mainly due to reduced participation of young people (34.4 percent from 40 percent) and women (55.4 percent from 57.8 percent) in the labor force, influenced by family responsibilities, schooling, and age-related factors.

The country’s employment rate was estimated at 96.4 percent, also the highest recorded since April 2005.

The number of employed Filipinos was estimated at 49.64 million.

Underemployed persons or those who expressed the desire to have additional hours of work in their current job or to have an additional job or to have a new job with longer hours of work was recorded at 5.6 million, lower than last year’s 7.16 million.

NEDA Secretary Arsenio Balisacan said there is a need to expand the digital economy, including the digitalization of Micro, Small, and Medium Enterprises and startups, to address the declining labor force and increase labor market gains in 2024 and beyond.

“Digitalization enables alternative work arrangements, particularly for the youth, women, and those in the creative sector. This will help address the declining labor force,” Balisacan said.

“We will take full advantage of the liberalization reforms intended to attract investments in the Philippines, especially in digital infrastructure. Upgrading our infrastructure will attract investments that generate high-quality jobs,” he added.

Balisacan said the government will further support a more productive, agile, and adaptive workforce by passing and implementing crucial regulatory reforms, such as the Apprenticeship Bill, Lifelong Learning Bill, and the Enterprise Productivity Act.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines has enough momentum to grow and open up new job opportunities for more Filipinos?

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

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Ease of Paying Taxes Act signed into law by President Marcos

January 11, 2024January 7, 2024carlocarrasco

In recent times, Philippine President Ferdinand “Bongbong” Marcos, Jr., signed into law the Ease of Paying Taxes Act (officially referred to as Republic Act Number 11976 or RA11976), according to a news article by the Philippine News Agency (PNA).

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

President Ferdinand R. Marcos Jr. signed into law Republic Act (RA) 11976 or the Ease of Paying Taxes Act which aims to modernize and increase the efficiency and effectiveness of tax administration and strengthen taxpayer rights.

In a statement on Sunday, the Presidential Communications Office (PCO) said the Ease of Paying Taxes Act is one of the priority legislations mentioned during the State of the Nation Address in 2022 and 2023.

“The law allows the government to capture as many taxpayers as possible into the tax net by streamlining the system and minimizing the burden on taxpayers, increasing the country’s revenue collection in the long run,” the PCO said.

The new law, signed on Friday, introduces administrative tax reforms and amendments to several sections of the National Internal Revenue Code of 1997.

It also updates the Philippine taxation system, adopts best practices and replaces antiquated procedures.

Among RA 11976’s salient features are classification of taxpayers into micro, small, medium, and large; electronic or manual filing of returns and payment taxes either to the Bureau of Internal Revenue (BIR), through any authorized agent bank or authorized tax software provider; option to pay internal revenue taxes removal to the City or Municipal Treasurer; elimination of the distinction between documentation and basis of sales of goods and services; and classification of value-added tax (VAT) refund claims into low, medium and high-risk.

The law ensures the availability of registration facilities to non-Philippine resident taxpayers; promoting and assisting taxpayers in tax processes; streamlining; reducing documentary requirements; and digitalizing BIR services through the development of the Ease of Paying Taxes and Digitalization Roadmap.

The law likewise imposes 180 days to act on claims for refund of erroneous or illegal tax collection and increases the amount for the mandatory issuance of receipts for each sale and transfer of goods and services from PHP100 to PHP500.

According to PCO, the law mandates the BIR to adopt an integrated digitalization strategy by providing end-to-end solutions for the benefit of taxpayers.

These include adopting integrated and automated system for facilitating basic tax services, setting up electronic and online system for data and information exchange between offices and departments, streamlining of procedures by adopting automation and digitalization of BIR services, and building up BIR’s technology capabilities.

RA 11976’s implementing rules and regulations shall be promulgated 90 days from the effectivity of the Act after the consultation of the Finance Secretary with the BIR and the private sector.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think this new law will positively impact the nation’s taxation system? Do you think the new law’s impact will be felt within the next two years?

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

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Finance Secretary Diokno says Philippine economic growth this year will be robust

January 11, 2024January 8, 2024carlocarrasco

The economy of the Philippines will continue with robust growth this year according to the recent statement by Finance Secretary Benjamin Diokno, as reported by the Philippine News Agency (PNA).

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

Philippine economic growth is expected to remain robust this year mainly driven by private consumption and the continued implementation of structural reforms, Finance Secretary Benjamin Diokno said on Monday.

“While multilateral organizations project a slower global outlook for 2024 at 2.9 percent, the Philippine economy is expected to improve, reinforcing its status as one of the fastest-growing economies in the region,” Diokno said in a statement.

The Philippine economy grew by 5.9 percent in the third quarter of 2023, bringing the year-to-date growth to 5.5 percent.

Diokno said that for the full year of 2023, growth is expected to settle close to the low end of the government’s 6 to 7-percent target.

For 2024, economic managers assume a growth rate of 6.5 percent to 7.5 percent.

“Amid the ongoing strong El Niño and geopolitical and trade tensions, the country’s growth is expected to be driven by strong private consumption, supported by the expected return of inflation within the target range, falling oil prices, robust public spending, greater investments lured by the country’s sound macroeconomic fundamentals, investment-grade credit rating, and the implementation of structural reforms, and increased demand for Philippine exports as supply chain bottlenecks ease,” he said.

Diokno said economic prospects will be even better with the alignment of policies between fiscal and monetary authorities, measures to bring down inflation, and greater coordination of all public sectors to implement programs.

He added multilateral organizations also expect the Philippines to be one of the fastest growing economies in 2024.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the economy of the Philippines has enough momentum to achieve growth of at least 6.5% this year?

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

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CREATE Law attracts over P1 trillion worth of investments

January 10, 2024January 4, 2024carlocarrasco

While it is still uncertain as to how much the Philippine economy will grow by the end of this new year, over a trillion Pesos of investments were attracted by means of project approvals under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law, according to a news article published by the Philippine News Agency (PNA).

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

More than 900 projects with total investments of PHP1.02 trillion have so far been approved under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act as of end-October last year, the Department of Finance (DOF) said on Thursday.

In a Facebook post, the DOF said a total of 910 projects varying across priority sectors listed in the Strategic Investment Priority Plan (SIPP) have been approved under the CREATE law.

“This monumental achievement is a testament to the continuous efforts of the PBBM administration to promote the Philippines as a sound investment destination,” the department said.

Of the 910 projects, 49 big-ticket tax incentive applications with a combined investment capital of PHP817 billion were approved by the Fiscal Incentives Review Board.

The remaining 861 projects with a total investment capital of PHP203 billion were from Investment Promotion Agencies.

“These projects are expected to accumulate a committed employment count of around 99,400 jobs within its incentivized period, with the labor-intensive manufacturing sector having the highest number of approved projects among the priority sectors,” the DOF added.

“This underscores the employability of the country’s workforce in high-quality jobs that will contribute to long-term economic growth.”

CREATE establishes a performance-based, time-bound, targeted, and transparent tax incentives regime in the country.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think that more big-time investment-related projects will continue to come in via the CREATE Law?

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

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Philippines attracts 5.45 million international visitors and generates P482.54 billion in revenue in 2023

January 5, 2024January 2, 2024carlocarrasco

The success of the Philippines attracting visitors from overseas and generating the related revenue in 2023 has finally been confirmed by the newly released numbers from the Department of Tourism (DOT): 5,450,557 international visitors and P482.54 billion (US$8.7 billion according to the foreign exchange rate of January 2, 2024) in tourism revenue, according to a Philippine News Agency (PNA) news article.

For the newcomers reading this, the final 2023 statistics exceeded the declared targets of 4.8 million international tourists and US$5.8 billion revenue. For further comparison, the Philippines attracted 2.65 million international arrivals and over P200 billion in revenue for the year 2022. To say the least, 2023 is undeniably a successful year for Philippine tourism and it seems that the controversial blunder behind the “Love the Philippines” tourism campaign did not lead to a massive failure (which the enemies and haters of President Ferdinand “Bongbong” Marcos, Jr., have been dreaming of).

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

The Philippines welcomed a total of 5,450,557 international visitors in 2023, well above the 4.8 million target arrivals the Department of Tourism (DOT) earlier set for the entire year.

Of this number, 91.80 percent or 5,003,475 are foreigners while the remaining are 447,082 overseas Filipinos.

From January to Dec. 31, 2023, the country also generated an estimated PHP482.54 billion in international tourism revenue, more than double the receipts it recorded in 2022.

“My deepest appreciation goes to every tourism stakeholder, collaborative partner, and passionate contributor who propelled our shared aspirations forward. Under President Ferdinand ‘Bongbong’ Marcos Jr.’s guiding vision and leadership, tourism has become a pivotal force driving our nation’s economic resurgence,” Tourism Secretary Christina Frasco said in a statement Tuesday.

“These numbers speak very well of the performance of the tourism industry under the Marcos Administration,” she added.

She said the DOT will continue its work to “realize the vision of this administration to make tourism a catalyst for economic growth and resurgence.”

More than a quarter or 1,439,336 of the arrivals came from South Korea, retaining its spot as the country’s main source of international visitors.

This was followed by the United States with 903,299 tourists (16.57 percent) visiting the country; Japan with 305,580 (5.61 percent); Australia with 266,551 (4.89 percent); and China with 263,836 (4.84 percent). Ranking sixth was Canada followed by Taiwan, the United Kingdom, Singapore, and Malaysia.

Frasco said the 2023 visitor receipts also show that the tourism industry is “recovering faster than expected.”

The country’s 2023 international tourism receipts grew by 124.87 percent compared with the PHP214.58 billion estimated visitor receipts from 2022.

Before the pandemic in 2019, the DOT recorded PHP482.15 billion in international tourism receipts.

In 2023, the DOT’s marketing arm the Tourism Promotions Board (TPB) generated PHP6.317 billion in total sales leads both from international and local business-to-business and promotional events.

While reintroducing Filipino destinations before the global tourism arena, the Philippines represented by Frasco last year was also elected Vice President of the 25th General Assembly of the United Nations World Tourism Organization (UNWTO), a prestigious global position last held by the country more than two decades ago.

She was also elected as chair of the Commission for East Asia and the Pacific, allowing the country to host the Joint Regional Meetings of the Committee for East Asia and the Pacific and South Asia in Cebu in 2024.

The Philippines in 2023 bagged at least 15 travel and tourism honors from prestigious award-giving bodies in diving, beach, cruise, culinary, retirement, and Muslim-friendly tourism, “a testament that the Philippines is indeed an emerging tourism powerhouse.”

“The extraordinary journey of Philippine tourism in 2023 saw the world express its love for the Philippines with our country’s rise to global prominence as the World’s Leading Beach and Dive Destination, and Asia’s Best Cruise Destination, among many other accolades,” Frasco said.

“The indomitable spirit of the Filipino has been globally acclaimed with the Philippines receiving the Global Tourism Resilience Award with our country seen as a benchmark for innovation amidst trials and challenges,” she added.

By 2024, the DOT targets 7.7 million international visitors, around 500,000 lower than the country’s pre-pandemic arrivals of 8.2 million.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think the Philippines will be able to meet its declared 2024 target of 7.7 million international visitors and possibly generate between P600 billion to P700 billion in tourism revenue? Did anyone from the haters/critics of President Marcos and Secretary Frasco bother you to make you believe that Philippine tourism will fail because of the “Love the Philippines” campaign blunder that was so widely reported in the mainstream news media?

Going back to tourism, do you think the Philippines should have more international-level fashion shows, film festivals, worship conferences, food festivals, sports events and trade shows to make the nation more attractive to visitors from overseas?

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

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Department of Tourism (DOT) chief Frasco vows to build more tourist rest areas (TRAs) nationwide

December 22, 2023December 19, 2023carlocarrasco

As the Philippines succeeded in attracting a lot more foreign tourists this year compared to 2022, the Department of Tourism’s (DOT) chief Christina Frasco aims to strengthen the nation’s tourism industry by establishing more tourist rest areas (TRAs), according to a Philippine News Agency (PNA) news article.

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

Department of Tourism (DOT) Secretary Christina Frasco vowed on Monday to open more tourist rest areas (TRA) across the country to further boost the industry.

Frasco made the statement as she led the inauguration of TRA in Cebu province’s wildlife adventure capital.

In her speech, Frasco said the TRA in Cebu’s northern town of Carmen is the fourth in Cebu and 10th in the country and pledged to build 18 more of these facilities “all the way from Batanes to Tawi-Tawi.”

The opening of these TRAs would be realized through the partnership with the local government units (LGU) and private stakeholders.

Frasco said more mayors in Cebu have requested her mother, Cebu Governor Gwendolyn Garcia, to open the same facility in their respective areas, optimistic these would boost their local tourism efforts.

The Carmen TRA will be managed by the Cebu Zafari, a wildlife park that is home to over 1,000 animals of 120 species in a 170-hectare property.

“Gov. Gwen expanded the support beyond Cebu through her initiative to open TRAs in the sister province of Albay and Zamboanga-Sibugay,” she added.

Medellin, a sugarcane town also in Cebu north, is the first LGU in the Philippines to establish its own TRA. Other TRAs were inaugurated in Carcar City and Moalboal.

Like in three other facilities, the Carmen TRA offers various amenities, including a coffee shop, a pasalubong and souvenir store, a tourist information area, clean restrooms and free charging stations.

The souvenir shops not only sell local delicacies but also serve as a platform for Cebu’s micro, small and medium enterprises (MSMEs) to showcase their local products, providing them with additional livelihood opportunities and employment for the locals.

DOT-7 regional director Shahlimar Tamano said groundbreaking for TRAs in Bogo City, Dumanjug, Santander and Pinamungajan are in the pipeline.

“TRAs are precisely what we needed to promote tourism,” Garcia said in her remark during the inauguration ceremony at Carmen, citing complaints from local and foreign tourists that the Philippines lack restroom facilities for travelers.

Let me end this piece by asking you readers: What is your reaction to this recent development? Do you think it makes sense for the DOT to establish more TRAs around the country to help the tourism industry? Do you think having more TRAs will be helpful in comforting tourists?

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

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Muntinlupa Mayor Biazon hopes Maynilad’s new water treatment plant in the city will solve water service interruptions

December 21, 2023December 17, 2023carlocarrasco

Recently in the City of Muntinlupa, the newest water treatment plant (WTP) of water concessionaire Maynilad in Barangay Poblacion was formally inaugurated with the presence of President Ferdinand “Bongbong” Marcos, Jr., and Mayor Biazon expressed hope that the said plant will solve water service interruptions, according to a Manila Bulletin news report.

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

Muntinlupa Mayor Ruffy Biazon is hoping that Maynilad’s new water treatment plant in the city will solve water service interruptions that are being experienced by residents.

President Ferdinand “Bongbong” Marcos Jr. led the inauguration of Maynilad’s Poblacion Water Treatment Plant (WTP) in Muntinlupa on Dec. 15.

“We hope this new facility will help address challenges in water supply in Muntinlupa,” posted Biazon on Facebook.

Biazon joined the inauguration along with Muntinlupa Rep. Jaime Fresnedi, Poblacion Barangay Chairman Allen Ampaya, Environment Sec. Maria Antonia Yulo-Loyzaga, Metropolitan Waterworks and Sewerage System (MWSS) Administrator Leonor Cleofas, and Maynilad Chairman Manuel V. Pangilinan.

According to Maynilad, the Poblacion WTP has a capacity to produce 150 million liters of water per day.

Biazon said this December, the plant is expected to produce 50 million liters per day, and by the first half of 2024, it will go on full operations.

President Ferdinand “Bongbong” Marcos Jr. (PBBM) led today, December 15, 2023, the formal inauguration of Maynilad’s Poblacion Water Treatment Plant (WTP) in Muntinlupa City.

Maynilad said the new WTP cost P11 billion and it is the company’s third water treatment facility that gets raw water from the Laguna Lake.

It said the new plant will service about one million customers in Parañaque, Las Piñas, Muntinlupa, and Cavite.

“The additional water supply it produces will help to minimize service interruptions due to raw water quality shifts in Laguna Lake, which have been occurring with more frequency owing to the effects of climate change,” the company said in a press release.

It said the new treatment plant uses a multi-stage process of dissolved air flotation, cloth filter, biological aerated filter, ultrafiltration, reverse osmosis, and chlorination to ensure that the water from Laguna Lake passes the Philippine National Standards for Drinking Water (PNSDW) of the Department of Health.

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you optimistic that the new WTP of Maynilad will at least reduce the number of water service interruptions?

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

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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 fully supports parol makers

December 19, 2023December 14, 2023carlocarrasco

Recently in the City of Las Piñas, a group composed of makers of the parol (traditional Filipino Christmas lanterns) received full support from the City Government, according to a social media post of the local government’s Facebook page dated December 13, 2023.

To put things in perspective, posted below is an excerpt the City Government’s Facebook post. Some parts in boldface…

The Samahang Magpaparol ng Las Piñas, a group of traditional Filipino Christmas lantern makers, was warmly received by City Mayor Imelda Aguilar and Vice Mayor April Aguilar in City Hall on Tuesday, December 12th. This meeting underscored Las Piñas City’s reputation as the Parol Capital of Metro Manila, celebrating the city’s deep-rooted tradition in crafting these iconic symbols of Filipino Christmas.

*Las Piñas City Mayor Imelda Aguilar with the parol makers group at City Hall. (photo source – Las Piñas City PIO)*

In a table discussion, Mayor Imelda Aguilar expressed her profound appreciation for the parol makers’ dedication to their craft and assured their group of the city government’s full support. This promise marks a crucial step in safeguarding the art of parol making and promoting its continued relevance in the city’s cultural landscape. The parol makers, in response, extended their heartfelt thanks to Mayor Aguilar, appreciating the recognition and support for their craft, which is integral to the city’s identity and festive celebrations.

This meeting between the city officials and the parol makers reaffirms Las Piñas City’s commitment to its cultural roots and its preservation.

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 see the parol as the most important Christmas decoration ever? How many parols does your household have now? How much money did you spend on each parol you bought? Is ever parol in your household made in Las Piñas?

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

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Philippines attracts 5 million foreign tourist arrivals, sets 2024 target at 7.7 million

December 18, 2023December 13, 2023carlocarrasco

With a few more weeks to go before 2023 finally comes to an end, the Department of Tourism (DOT) confirmed that the number of foreign tourist arrivals in the Philippines just surpassed the 5,000,000 mark and they raised the stakes even higher for 2024, according to a Malaya Business Insight news report.

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

After breaching 5 million in tourist arrivals as of December 12, the Philippines hopes to attract 7.7 million tourists in 2024.

Christina Frasco, secretary of the Department of Tourism (DOT) in her accomplishment report yesterday, said the Philippines has exceeded its 4.8 million goal when it logged 5.06 million visitors as of yesterday.

These tourists contributed P440 billion in receipts to the economy or more than double than the P209 billion recorded last year.

“In 2024, we are more than optimistic that we will once again reach our targets as we have proven in the past two years. For next year, we’re targeting 7.7 million international arrivals. I understand that this is not yet pre-pandemic numbers of 2019 at over 8.2 million international arrivals, but what I can assure you is that we will push as hard as we can and fully activate our convergences with other government agencies to reach this target and bring us closer to pre- pandemic numbers even as we grapple with many forces beyond our control globally and locally,” Frasco said.

Frasco also disclosed the DOT has proposed P5 billion infusion for the construction of new tourism roads in addition to the construction of tourism roads for 2024.

Frasco said recovery rate on arrivals to pre-pandemic of Philippine tourism is at 65 percent as of November, faster than the 62 percent average rate in Asia-Pacific as of September.

She said in terms of international visitor receipts, Philippine recovery is at 95 percent of the P458 billion visitor receipts in 2019.

This is a 267 percent increase versus the same period last year with a little over 2.6 million visitor arrivals in 2022. Tourism created over 5.35 million jobs which means that for every 100 Filipinos, 11 are employed in tourism related jobs.

According to Frasco, the Philippines has already recovered nearly 80 percent of its pre-COVID international incoming seat capacity.

Let me end this piece by asking you readers: What is your reaction to this recent development? Now that the Philippines has recorded more than 5 million foreign tourist arrivals, do you think there is still a chance for the figure to reach 6 million by December 31, 2023? Do you think the 2024 target of 7.7 million foreign tourist arrivals is achievable?

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

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Performance-based bonus (PBB) for Muntinlupa City Government employees confirmed

December 15, 2023December 12, 2023carlocarrasco

Recently in the City of Muntinlupa, the City Government announced that its employees will get a performance-based bonus (PBB), according to a Manila Bulletin news report.

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

Officials and employees of the Muntinlupa City government will get a performance-based bonus (PBB) as an extra Christmas treat.

Majority Floor Leader Raul Corro announced on Dec. 11 that the Muntinlupa City Council passed a resolution on first reading granting the bonus for the fiscal year 2022.

The decision was made after the city government passed the four criteria that allowed it to grant the bonus: performance results, process results, financial results and citizen/client satisfaction result.

The grant of the PBB on Muntinlupa City government personnel was approved by the Department of the Interior and Local Government (DILG), which certified that “the City of Muntinlupa is included in the official list of local governments eligible to grant the FY 2022 Performance-Based Bonus to qualified local government officials and employees.”

Muntinlupa’s Local Finance Committee also approved a resolution recommending the release of the PBB to qualified personnel.

Let me end this piece by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, are you delighted that the City Government employees will receive the PBB just in time for Christmas?

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

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