DOF, GFIs deploy measures to assist typhoon-hit Filipinos, rebuild damaged areas
DOF, GFIs deploy measures to assist typhoon-hit Filipinos, rebuild damaged areas;
BIR extends tax deadlines in typhoon-hit areas;
Pag-IBIG offers calamity loan to typhoon-affected members
BIR extends tax deadlines in typhoon-hit areas;
Pag-IBIG offers calamity loan to typhoon-affected members
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NewsTranscript
00:00The government has implemented several measures to assist Filipinos affected by Super Typhoon Karina.
00:06Meanwhile, Pag-ibig Fund is offering calamity loans to those affected by the typhoon.
00:11These and more stories in tonight's business news wrap-up by Floyd Brens.
00:17The Department of Finance or DOF and Government Financial Institutions or GFIS
00:22have implemented urgent measures to assist Filipinos and rebuild areas ravaged by Super
00:27Typhoon Karina and the Southwest Monsoon. The DOF is ready to access a 500 million dollar
00:33credit line for critical services and post-disaster reconstruction, while the Bureau of the Treasury
00:39eyes 308.5 million pesos from the National Indemnity Insurance Program for school repairs.
00:45The Bureau of Internal Revenue or BIR has announced extensions for several tax-related
00:51obligations until July 31 in severely affected regions. This includes submissions like the
00:57quarterly summary list of sales, purchases, importations for VAT-registered tax payers, and
01:03sworn statements of sales volumes for specific products like alcohol, tobacco, and sweetened
01:09beverages. E-filing payment deadlines for quarterly VAT and percentage tax returns for the quarter
01:15ending June 30 have been postponed. Pag-ibig Fund is offering calamity loans to members severely
01:21affected by Super Typhoon Karina, initially targeting Metro Manila, Cainta, Baco, and Batangas.
01:28Qualified members can borrow up to 80% of their pag-ibig regular savings at 5.95% interest,
01:35with payment terms of 24 or 36 months and a two-month payment deferral. Additional funds
01:41will follow for other declared calamity areas. Floyd Brents from the National TV Network for a new
01:47and better Philippines.