Published May 12, 2021, 9:17 AM
The film industry has sought a declaration of tax holiday as it reportedly lost some P16 billion because of the current coronavirus disease (COVID-19) pandemic.
During a public hearing by the Senate economic affairs committee, lawyer Josabeth Alonzo, corporate secretary of the Philippine Motion Picture Producers Association of the Philippines, said their financial losses started in March 2020 because of quarantine protocols.
The association said the film industry has 300,000 workers and that it remitted P13 billion to the economy in 2019.
. The Metro Manila Film Festival, on the other hand, earned P25 million last year compared to its P1 billion earning in 2019.
Roselle Monteverde leads women empowerment in entertainment industry
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Metro Manila (CNN Philippines, March 11) Women were often stereotyped in films and television shows as weak, vulnerable, and powerless because of societal views towards them.
As times change, women are now assuming lead roles in most sectors of society and have proven that they can match or even outdo their male counterparts.
Among those female trailblazers who are making waves in their respective fields is Regal Entertainment chief operating officer Roselle Monteverde.
Monteverde told CNN Philippines her passion for writing and producing films is inspired by her mother, Lily founder of Regal, and a legend in the Philippine entertainment industry for producing films of all genres for over five decades.