by Pathricia Ann V. Roxas, Philippine Daily Inquirer, May 20, 2019
MANILA, Philippines — The House of Representatives on Monday approved on third and final reading a bill that encourages business organizations to engage in corporate social responsibility (CSR) activities.
The lower chamber approved House Bill No. 9061 with 158 affirmative votes and no negative vote or abstention.
The proposed law seeks to allow stock corporations to retain profits in excess of 100 percent of paid-in capital stock to be used for expansion or CSR projects.
According to the bill, CSR efforts include charitable projects, scientific research, youth and sports development, cultural or educational promotion, services to veterans and senior citizens, social welfare, environmental sustainability, health development, disaster relief, specialized and low-cost housing, and employee and worker welfare programs.
The measure also mandates the Department of Trade and Industry to recognize and reward business establishments for outstanding CSR activities. It also asks local government units to extend necessary assistance to businesses conducting CSR efforts.
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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