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.
January 15, 2021 | 9:30 am Advertisement
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In its storied 53-year history, the Financial Executives Institute of the Philippines (FINEX) has had a number of lawyers serving as President of the country’s foremost finance organization. But never before has it elected a legal eagle with a stock market background until Francisco ED. Lim was chosen by his peers to lead FINEX in 2021.
Francis was the President and CEO of the Philippine Stock Exchange (PSE) from 2004 to 2010. During his stint at the PSE, he joined FINEX and held key positions in various institutions such as the PSE Foundation, the Securities Clearing Corporation of the Philippines, the Capital Market Development Council, the Philippine Dealing and Exchange Corporation, and the Securities Investors Protection Fund.
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.
50% of market demand to not recover if minors still banned in public places
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Metro Manila (CNN Philippines, January 14) Half of consumer demand will remain absent if the government continues to bar minors from going out during the coronavirus pandemic, Acting Socioeconomic Planning Secretary Karl Kendrick Chua said on Thursday.
During the forum of the Financial Executives Institute of the Philippines or FINEX, the official stressed the importance of allowing minors to go out to spur economic activities. We have to recover lost demands by allowing family activities, he said.
Citing a report from the World Bank, Chua said no country keeps their children at home 100 percent.
By J. Albert Gamboa
The Financial Executives Institute of the Philippines (FINEX) will hold its first-ever virtual induction of officers and inaugural ceremonies today. Taking over the helm of the country’s foremost finance organization as the 2021 FINEX President is seasoned lawyer Francisco Edralin Lim, former President and CEO of the Philippine Stock Exchange.
Fresh from his stint as 2020 President of the Management Association of the Philippines, Mr. Lim brings a new perspective to FINEX, which coincidentally is also celebrating today the 53
rd anniversary of its founding on Jan. 15, 1968. His board’s theme for this year is “Transcending New Frontier. Leading Beyond Recovery.”