Direktiba ni PBBM na ‘total POGO ban’, pinuri ni DOF Sec. Recto;
Bilang ng mahihirap na Pilipino, nabawasan ng 2.5-M ayon sa DOF
Bilang ng mahihirap na Pilipino, nabawasan ng 2.5-M ayon sa DOF
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00:00Aljo, Secretary Recto approved the decision of President Marcos Jr. to ban Pogo in the country.
00:07According to Secretary Recto, the Filipinos who will be displaced from work will be assisted by DOF and DOLE to make sure that they still have income.
00:17He has prepared the agencies that will provide the appropriate reskilling and upskilling training for the newcomers.
00:25According to NEDA Secretary Arsenio Balisacan, if the cost-benefit analysis is used, the correct answer will be higher than the contribution.
00:35According to Balisacan, only half of the GDP will be lost because of Pogo.
00:41It is better for the Philippines to be known as an investment and tourist destination instead of a crime.
00:48Meanwhile, 2.5 million Filipinos were reduced as the poor in the administration of President Marcos Jr.
00:56According to Finance Secretary Ralph Recto, this was a post-sonar discussion with other economic leaders of the country.
01:03This means that 10 million Filipinos are still striving to benefit from poverty and elevate the quality of life.
01:12In the last two years of the administration of President Marcos Jr., the Philippines recorded a growth rate of 6.1%.
01:19Recto said that the growth rate must remain within the 6-7% range in order to meet the 9% or single-digit poverty rate in the country.
01:28Next, Special Advisor to the President for Investment and Economic Affairs, Frederick Goh, was appointed to help create more bills.
01:37According to Goh, this is a fiscal incentive to increase foreign direct investments or FDIs.
01:43Create More helped in the streamlining of VAT refund applications and simplifying VAT provisions.
01:50Meanwhile, Public-Private Partnerships or PPP became the backbone of the funding of flagship programs in infrastructure and energy.
01:59One-fourth of the flagship projects in the Build Better More program were supported by PPP, which is worth 9 trillion in investments.
02:08Recto explained that the Philippines is on track to meet its fiscal targets for the year.
02:14In fact, half of the revenue targets were collected in the mid-year.
02:19Next, Budget and Management Secretary Mina Pangandaman thanked the departments for meeting their project and budget proposals.
02:28As for the R8-12-009 that the President signed last Saturday, Secretary Pangandaman was happy with the new procurement method.
02:37DBM assured that the cost and quality will be ideal for the buyers.
02:43In addition, the Green Procurement will be introduced soon.
02:48As for the Trade and Industry Department, 130 start-ups in Agritech, Fintech, and Edotech are supported by the agency and are expected to provide additional job opportunities.
03:01Secretary Pascual added that the reforms in capital markets and the so-called Green Lanes provided 3 trillion pesos total investment in renewable energy, infrastructure, food security, and manufacturing.
03:15In order to reduce the expenses of business owners, under Executive Order No. 41, the pass-through fees on national roads were removed.
03:25LGUs are requested not to collect fees on local roads.
03:30Next, the Anti-Red Tape Authority or ARTA presented.
03:34Undersecretary Genesis Abot said that more than 1,000 municipalities have automated their business processes.
03:42When it comes to business registrations, even if it can be done in half an hour, ARTA's target is to halve the 15-minute transaction by the end of the year.
03:54And that is the latest from Pasay City. Back to you, Aldo.