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.
Good News Pilipinas
BPI wins multiple international awards for capital markets performance, financial research
The first Philippine bank was recognized by various award-giving bodies in 2020.
The Bank of the Philippine Islands (BPI), through its investment arm, BPI Capital Corporation, was cited by FinanceAsia magazine as the “Best of Southeast Asia”.
BPI was recognized for its work in two major capital markets deals, namely AREIT, Inc.’s PHP 21.3-billion initial public offering (IPO) and the USD 1.1-billion secured green bond for the Star Energy Geothermal Group in Indonesia.
“We are proud to have paved the way for the development of a new asset class for Filipino investors with the IPO of AREIT, Inc., which is the first issuance of its kind in the country,” said Rhoda Huang, BPI Capital president, “This is in keeping with BPI’s pioneering legacy and vision of building a better Philippines through innovative and excellent banking service.” BPI Capit
BPI chief exec to retire in April 2021; successor named
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At their year-end meeting on Wednesday, Dec. 16, the board of directors of the Bank of the Philippine Islands approved the succession plan for Jose Teodoro “TG” Limcaoco to succeed Cezar “Bong” Consing as president and CEO effective April 22, 2021.
Cezar “Bong” Consing
The board also thanked Consing, 61, for consenting last year to extend his term as president and CEO in order to help ensure an effective transition and for his stewardship especially during this year’s crisis.
Earlier this month, Consing, was elected board director of Ayala Corporation, BPI’s largest shareholder. After his term as president and CEO, he will remain a board director and executive committee member of BPI.
TG Limcaoco is new BPI CEO, Ayala Group promotes execs
Dec 16, 2020 8:45 PM PHT
Ayala-led Bank of the Philippine Islands (BPI) appointed Jose Teodoro TG Limcaoco as its new chief executive officer, replacing Cezar Consing, effective April 22, 2021.
Consing will remain as board director and executive committee member, BPI said in a statement on Wednesday, December 16.
Limcaoco, currently Ayala Corporation s chief financial officer, chief risk officer, and chief sustainability officer, is no stranger to BPI.
He served as executive vice president of the bank, became president of BPI Capital in 2007, president of BPI Family Savings Bank in 2010, and board member of BPI in 2019.