(File photo) MANILA - Some offices of the Philippine Overseas Employment Administration (POEA) will be closed for the rest of the week starting Tuesday. In an advisory, the agency said the operations of the offices are temporarily suspended until January 14 after some employees contracted coronavirus disease 2019 (Covid-19). "In the interest of public health and safety and due to the increasing number of employees found to be positive with Covid-19 virus and in order to avoid the further spread of the said virus," it added. These offices include the Seabased Center, Landbased Center, Direct-Hire Assistance Division, Labor Market Development Branch, including the Office of the Deputy Administrator for Employment and Welfare, and the Office of the Director for Pre-employment Services Office (PSO), all at the POEA main office in Mandaluyong City. "The temporary closure is implemented in compliance with Memorandum Circular No. 94, Series of 2022, issued by the Office of the
April 8, 2021 | 12:32 am Font Size
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REGISTERED INVESTORS’ inability to apply for new incentives could lead to their departure from the country, the Philippine Economic Zone Authority (PEZA) said on Wednesday.
While it welcomed the signing of Republic Act No. 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, PEZA noted one of the items vetoed by President Rodrigo R.Duterte may have a “big effect” on the existing foreign direct investors in the country.
The vetoed provision under CREATE would have allowed existing registered businesses to apply for extended incentives for the same activity, which Mr. Duterte called “fiscally irresponsible” and unfair to taxpayers and enterprises with no incentives.