The business community was urged to back up the government’s post-coronavirus disease 2019 (COVID-19) plans to accelerate the recovery of the country’s economy, Senator Christopher Lawrence “Bong” Go said.
During a virtual meeting with officials and key members of the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII), Go urged the trade group to help fight corruption as businesses are slated to reopen soon.
The Senator also detailed the plans the government has formulated to respond to the socio-economic effects brought by the pandemic.
Tracers, new projects up
“First, the government will restart and accelerate its ‘Build, Build, Build’ Program, subject to strict health standards to protect its workers,” Go said, adding that the flagship infrastructure agenda will continue to accelerate the economy.
To further intensify the government’s fight against COVID-19, Go mentioned the government’s plan to do a mass hiring of contact tracers.
The Senator also explained the programs the government undertook to combat the health emergency and assist Filipinos.
Go also detailed the various assistance provided by the government to help Filipino individuals and businesses get through the emergency such as the COVID-19 Assistance to Restart Enterprises Program through the Department of Trade and Industry, COVID-19 Adjustment Measures Program of the Department of Labor and Employment, and the Small Business Wage Subsidy Program through the Social Security System.
CREATE to lure investments
The Senator further added the government seeks to attract foreign investors to relocate to the Philippines by passing the second package of the Comprehensive Tax Reform Program which include flexible tax and non-tax incentives as proposed by the Department of Finance.
As a lawmaker, Go said that he will study the passage of the Corporate Recovery and Tax Incentives for Enterprises Bill or CREATE Bill.