President Arroyo has approved the 2009 Investment Priorities Plan (IPP), which contains a unique “contingency list” that will grant incentives to firms that save or generate jobs amid the global economic slowdown.
“The 2009 IPP opens opportunities for the country to attract more quality investments into industries and services that would maintain and improve the country’s competitiveness and ensure employment for the Filipino people,” the President said in Memorandum Order 299, which she signed on Thursday last week.
Under the Preferred Activities of the 2009 IPP are two lists—the Contingency and Regular lists.
The Contingency List will cover existing projects and/or activities affected by the current global economic crisis that will either retain investments and maintain their number of employees; retain investments and increase their number of employees; increase investments and maintain their number of employees; or increase investments and increase current number of employees.
This list also covers new projects of micro, small and medium enterprises as defined under the revised Magna Carta for Micro, Small and Medium Enterprises. Enterprises registered under this list may be entitled to Income Tax Holiday (ITH), the memorandum said.
However, projects not qualified under the Contingency List include banks and financial institutions; retailing business as defined under Republic Act 8762; all services except those qualified under the Regular List; small-scale mining as defined under Presidential Decree 1899 and R.A. 7076; activities that are restricted/regulated by law or ordinances for reasons of security, defense and risk to health and morals; activities of non-Philippine nationals engaged in small- and medium-sized domestic market enterprises that are not qualified under the Foreign Investment Act as amended by R.A. 8170; non-agricultural basic consumer goods; personal care products; all existing power and infrastructure projects with sovereign guarantee or granted ITH; and other activities as may be determined by the Board of Investments.
The Regular List retains the industries included in last year’s plan.
— Ben Arnold O. de Vera, Manila Times
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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