Sen. Gatchalian On The Penultimate SONA Of PRRD

MOST READ

Senator Win Gatchalian welcomes President Rodrigo Duterte’s directives on various measures to push forward the economic recovery cited on Monday’s State of the Nation Address (SONA), amid the country’s battle against the coronavirus disease (COVID-19).

For Gatchalian, the economic agenda set by the President is quite comprehensive. It is embodied in the Bayanihan to Recover as One Act (Bayanihan 2) which is supported and certified as urgent by the President. The Bayanihan 2 will supplement funds for recovery and response against the impact of the CoViD-19 pandemic. This includes emergency subsidy to workers, cash-for-work programs, prevention and control of other diseases, and support programs for impacted sectors. It will also give the President the mandate to realign funds within the General Appropriations Act so that he can immediately respond to the changing social landscape brought about by the pandemic.

The vice-chairman of the Senate Committee on Economic Affairs accedes to the President’s key economic legislative measures: one is the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act, which cuts the corporate income tax to 25 percent from the current 30 percent; and two, the Financial Institutions Strategic Transfer or FIST Act that will assist banks and other financial institutions in managing their non-performing assets (NPAs).

Gatchalian also commends the President’s support for the Micro, Small and Medium Enterprises (MSMEs) by providing capitalization for their business operations, and for providing loans and assisting displaced Overseas Filipino Workers (OFWs) in entrepreneurship projects. The President laid out a series of policy support for MSMEs such as reprieve from rent and regulatory relief from banks and other financial institutions through the Bangko Sentral ng Pilipinas (BSP).

“The real challenge, however, is operationalizing these plans. Putting all of these into action at the least possible time is the most essential objective that we need to accomplish now. The people need to see these implemented as fast as the government can,” said Gatchalian.

Given a growing digital market as the country adapts to the new normal, Gatchalian asks the Duterte government to make true on its promise to lead the way in the country’s transition to online systems; all government agencies should make all possible services available online, adopt a paper-less type business, and finally get rid of long queues in government offices.

The President has also outlined in detail his administration’s policy for online consumer protection and the government’s own transition to full digitalization. Gatchalian said these are critical components for our country to undertake to move to a digitalized new normal world.

“The pandemic has opened the doors for both businesses and the government to utilize technology as the new way of transacting and communicating with their respective stakeholders. This utilization of technology can eventually lead to a much-desired efficiency and will eliminate corruption,” Gatchalian said.

With COVID-19 infecting more than 80,000 Filipinos now, Gatchalian emphasizes that this is the best opportune time for everyone to set aside political differences and work towards a common goal which is beneficial to all Filipinos.

- Advertisement -
- Advertisement -

Latest News

Palace: PRRD Not Interested In Extending Term Beyond 2022

“The President is not interested in extending his term and he leaves it to the Filipino people, the sovereign people to decide if they want to amend the Constitution to suspend elections.”

Mayor Vico: Pasig To Give Away Tablets, Laptops For Students And Teachers

More than 77,000 tablets are set to be given to elementary students and 63,000 tablets for high school students.

Usec. Vergeire: COVID-19 Cases Drop Due To ‘One Hospital, Oplan Kalinga’

"It (One Hospital Command) has given a breather to our healthcare system... We saw the healthcare utilization rate has gone down to level that's still in the warning level but the healthcare system was able to manage and we're able to open units in hospitals to accommodate patients."

Roque: Palace Stands By Order Requiring Face Shields In Workplaces

Employees, to continue wearing face shields in workplaces.

Pres. Duterte Extends Term Of Task Force Overseeing Yolanda Rehab

Duterte extends the term of the inter-agency task force in charge of monitoring rehabilitation and recovery projects and programs in areas affected by Super Typhoon Yolanda until the end of his presidency.

Sen. Drilon Seeks Hike In DOH, DSWD Budgets For 2021

“Maybe at least for 2021, let us give utmost priority to the budgets of the DOH and DSWD... Let us give priority to our social service sector in order to address the pandemic.”

Mayor Lim Launches ‘Buy Local’ Campaign Exhibit

Dagupan City strengthens its efforts to support promote locally produced products or services with the launch of "Buy Local" campaign.

Mayor Zamora Checks Exercise Activities At Pinaglaban Shrine

Mayor Zamora conducts a surprise visit at the Pinaglaban Memorial Shrine to check the people who use the place as an exercise area.

Eleazar: Beerhouses, Bars Still Banned Even In Areas Under MGCQ

Operations of beerhouses and similar establishments remain prohibited even in areas under the most relaxed MGCQ, said Eleazar.

Sen. Angara: Work On Making It Easier For Seniors And PWDs To Vote During Elections

Angara pushes for the holding of early voting for close to 10 million senior citizens and PWDs to ensure greater participation in the electoral process and to reduce the risks on their health due to the COVID-19 pandemic.