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THE Government Procurement Policy Board (GPPB) issued new guidelines Saturday ordering preference for domestic bidders and small businesses when possible to ensure rapid procurement under Republic Act (RA) 11494, or the Bayanihan to Recover As One Act (Bayanihan II).
THE Air Carriers Association of the Philippines (ACAP) on Monday said about P700 million had been allocated for local airlines from the law that sets out the government’s recovery plan in response to the pandemic, on top of the P10 billion they expect from state financial institutions to lend to or invest in the industry.
THE P165-billion Bayanihan to Recover as One legislation is not expected to be sufficient for sustaining workers and companies through the pandemic, according to think tank IBON Foundation, Inc.
THE Bicameral Conference Committee has harmonized the Bayanihan II legislation, paving the way for both chambers to ratify the government’s economic recovery plan by next week at the latest.
THE SENATE will begin deliberations next week on the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will immediately cut corporate income tax to 25%.
THE SENATE prefers to legislate pandemic relief measures specific to financial institutions separately from the Bayanihan II bill, as opposed to the House of Representatives’ more integrated proposal, Senator Grace S. Poe-Llamanzares said at an online briefing Wednesday.