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ASPAP: E-games beef up economy with billions

May 20, 2020

A huge gapin the national budget brought about by the pandemic is pressuring authorities to intensify revenue generation efforts.  Members of the Accredited Service Providers of PAGCOR (ASPAP) today cited the significant role of offshore gaming operations to help the nation rise from the crippling effects of COVID-19.                           No less than House Committee on Ways and Means Chairman, Representative Joey Salceda had estimated that POGOs contribute around P94.7 billion annually to the country’s gross domestic product. He pointed out that tax collection from POGOs in 2018 and 2019 alone reached P22.4 billion, inclusive of value added tax (VAT) from rent and from workers consumption.  PAGCOR’s own forecast provides a more compelling reason to allow the resumption of POGO (Philippine Online Gaming Operator) operation, ASPAP spokesperson Atty. Margarita Gutierrez said. It projects annual collection of fees to reach P10 billion, while withholding taxes on both foreign and local POGO workers are estimated at P12.25 billion.                                                    Add to that rental VAT payments for offices and housing (around P3 billion), Department of Labor and Employment permits (P6 billion), and fees of direct hired agencies (P3 billion), PAGCOR says the annual collections from taxes and fees from POGOs should be around P34 billion.                        Furthermore, an estimated P33 billion would be injected to the local economy by foreign POGO workers through their daily expenses, rental payments for offices and houses totalling P21 billion, and P16.4  billion in wages for staff, the total contribution of POGOs to our country could  reach as high as P104 billion per year according to PAGCOR. "Revenues which POGOs pump into the economy are way beyond the regulatory fees and taxes directly paid to the authorities," Gutierrez clarified.  With government’s deficit expected to balloon to P1 trillion due to the pandemic, Gutierrez said the income from offshore gaming and the ripples of benefits it would bring could provide the additional resources for critical corona virus response programs.                                     “We are committed to fully support the country’s roadmap to economic recovery and we hope that all sectors will pour their efforts toward this goal,” she said. 

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DENR 10 upholds ‘WE HEAL AS ONE’ Campaign

May 19, 2020

The Department of Environment and Natural Resources Region 10 (DENR 10), through the initiative of Environment and Natural Resources Multi-Purpose Cooperative, Inc. and support from DENR Employees Association, extended a relief goods assistance to the Garbage Collectors from Barangay Puntod and Macabalan in this city as well as to the maintenance employees of the regional office on May 15, 2020 in DENR 10 Compound. DENR 10 Regional Executive Director, Arleigh J. Adorable, acknowledged the garbage collectors as frontliners in this time of challenging global pandemic. He underlined the essential role of the recipients in maintaining the cleanliness of the surrounding through their regular collection of garbage. #TayoAngKalikasan

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LANDBANK, DA distributes P993M in cash aid to small rice farmers

May 19, 2020

The Land Bank of the Philippines (LANDBANK), in partnership with the Department of Agriculture (DA), continued to distribute cash assistance to small rice farmers during the CoVid-19 pandemic, paying out a total of P993.15 Million to 198,630 farmer-beneficiaries.     The one-time financial assistance of P5,000 each is granted to rice farmers tilling farms with areas of 0.5 to two (2) hectares under the DA’s Rice Farmer Financial Assistance (RFFA) program, and those tilling farms one (1) hectare or less, under the DA’s Financial Subsidy to Rice Farmers (FSRF) initiative.     As of May 13, 2020, a total of 107,463 RFFA and 91,167 FSRF farmer-beneficiaries received their cash grants amounting to P537.315Million for RFFA and P455.835 Million for FSRF.     The distribution of cash assistance under the RFFA and FSRF is expected to continue until June.       LANDBANK has partnered with various national government agencies for the distribution of the Social Amelioration Program (SAP) of the national government in support of the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act” to combat the CoVid-19 pandemic.     For more updates, please refer to the official LANDBANK social media accounts on Facebook and Instagram (@landbankofficial) and on Twitter (@LBP_Official) or via the LANDBANK website (www.landbank.com).

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LANDBANK, DA distributes P993M in cash aid to small rice farmers

May 19, 2020

The Land Bank of the Philippines (LANDBANK), in partnership with the Department of Agriculture (DA), continued to distribute cash assistance to small rice farmers during the CoVid-19 pandemic, paying out a total of P993.15 Million to 198,630 farmer-beneficiaries.      The one-time financial assistance of P5,000 each is granted to rice farmers tilling farms with areas of 0.5 to two (2) hectares under the DA’s Rice Farmer Financial Assistance (RFFA) program, and those tilling farms one (1) hectare or less, under the DA’s Financial Subsidy to Rice Farmers (FSRF) initiative.      As of May 13, 2020, a total of 107,463 RFFA and 91,167 FSRF farmer-beneficiaries received their cash grants amounting to P537.315Million for RFFA and P455.835 Million for FSRF.      The distribution of cash assistance under the RFFA and FSRF is expected to continue until June.        LANDBANK has partnered with various national government agencies for the distribution of the Social Amelioration Program (SAP) of the national government in support of the implementation of Republic Act No. 11469 or the “Bayanihan to Heal as One Act” to combat the CoVid-19 pandemic.      For more updates, please refer to the official LANDBANK social media accounts on Facebook and Instagram (@landbankofficial) and on Twitter (@LBP_Official) or via the LANDBANK website (www.landbank.com).

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CORDS-X, DILG-10 intensify campaign on ‘new normal’

May 18, 2020

CAGAYAN DE ORO CITY -- Noting the need to beef up the campaign on adopting the ‘new normal’ and other strategies of the government to combat the spread of coronavirus disease (COVID)-19, the Cabinet Officers for Regional Development and Security (CORDS)-X and Department of the Interior and Local Government (DILG)-10 held the first CORDS-X COVID-19 Special podcast, May 16.     During the interview with Presidential Communications Operations Office (PCOO) Secretary Martin Andanar, DILG-10 Regional Director Agabe said as the new chair for the Regional Inter Agency Task Force (RIATF), the DILG is tasked to oversee the screening and validation committee prior to crafting policies.     “Kini nga komitiba magsala ug magsusi sa mga hangyo sa mga probinsya ug syudad- hangyo sama sa pagbawi sa deklarasyon o ipahamtang na ang Community Quarantine sa ilang lugar. Kini pagabuhaton gamit ang usa ka tool o parameter nga gi-set sa IATF,” Agabe said.     (This committee will evaluate the requests of provinces and cities such as the lifting of declaration or implementation of Community Quarantine in their area. This will be done using a tool or parameter set by the IATF)     The regional director said the RIATF now focuses on imposing the ‘new normal’ since there is still no vaccine formulated yet to cure the disease.     Thus, local government units (LGUs) are urged to craft policies and ordinances to really instill to their constituents the importance of observing social distancing, wearing of face masks and prohibiting unnecessary mass gathering in containing the spread of COVID-19.     “We will be back but it is not the new normal that we have but it is the new normal,” Agabe said.     As for the lifting of General Community Quarantine in the region, Agabe said the IATF Resolution 35-A, amending some provisions of IATF Resolution 35 was created upon hearing the concerns of the LGUs. Some of the LGUs appealed to the IATF’s decision because they are not yet ready to lift the community quarantine in their area.     In terms of youth participation in the said campaign, Suzzane Martil, Barangay Tablon Sangguniang Kabataan (SK) chair, said they provide information education campaign to the residents of the barangays including the distribution of flyers.     Such contain information about COVID-19, how it can be transmitted and prevented.     “People must check on each other, share the right information, and avoid fake news,” Martil said.     Currently, the region is placed under General Community Quarantine effective May 16. (RTP/PIA10)

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Ayala group pays P9.86-B of taxes ahead of extended deadline

May 18, 2020

Makati City, Philippines – May 18, 2020 Companies within the Ayala group settled taxes of about P9.86-B before the extended June 14, 2020 deadline to help boost the government’s coffers and allotment to COVID-19 response, as the country gears up for the “new normal.”     The core value drivers of the Ayala group—Ayala Corporation, Ayala Land, Inc., Bank of the Philippine Islands, Globe Telecommunications, Inc., AC Energy, and Manila Water Corporation—paid a total of P9,858,293,348 of taxes.     In a joint statement made last week, brothers Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala, who serve as the group’s chairman and president, respectively, expressed their gratitude to President Rodrigo Duterte for recognizing Ayala’s support to the government’s initiatives.     “We are committed to help the President tackle the many challenges he has to deal with and are confident that by working together, our country can overcome each challenge, save lives, and gradually put the country back on a path of growth,” the joint statement reads.     The brothers also emphasized the importance of public–private cooperation as the country deals with the vast impact of the pandemic. Group-wide Bayanihan     To date, the Ayala group has contributed about P5.6 billion in anti-COVID-19 initiatives aimed to protect its employees, support its partners and clients, and provide for the communities it serves.

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