Industry, business groups push for easing of Bank Secrecy Law bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Banks and businesses have renewed calls for Congress to pass the bill amending Republic Act No. 1405 or the Secrecy of Bank Deposits for a more relaxed version of the law to allow the Bangko Sentral ng Pilipinas (BSP) to look into and investigate the bank accounts of suspicious individuals, especial
Published January 16, 2021, 7:00 AM
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact.
“We, members of some of the largest and most widely-represented private sector groups in the country, reiterate our strongest and unequivocal support for the immediate enactment of the CREATE Bill,” stated the joint statement.
Congress has been deliberating the CREATE Bill for three years already, but both Houses have a hard time reconciling their versions.
Private sector groups reiterate call for immediate passage into law of CREATE bill By TED CORDERO, GMA News
Published January 15, 2021 1:10pm Fifty-one of the country’s largest private sector and business groups on Friday called anew for the immediate passage into law of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill. “We humbly request the Senate and the House of Representatives to move quickly and decisively to push CREATE forward and ensure its immediate enactment,” the groups said in a statement. “We join the multisectoral call for the passage of this important legislative measure with urgency. After three years of deliberation, every day of delay comes at the risk of losing more jobs and hemorrhaging more investments,” the groups added.