Author Archives: edcinforms

DILG orders the Suspension of LGU Fees and Taxes

The Department of Interior and Local Government (DILG), in its Memorandum Circular (MC) No. 2017-23 mandates the Suspension of Local Government Unit (LGU) Imposition and Collection of Illegal Fees and Taxes.

Guidelines on the said MC is in pursuant to Section 133 (e) of the Local Government Code directing the LGUs to refrain from enforcing any existing ordinance authorizing the levy of fees and taxes on inter-province transport of goods, regulatory fees from passengers in local ports, and other additional taxes, fees or charges in any form upon transporting goods and passengers.The MC issued by the DILG supports the Strategy 2: Remove unnecessary impediments to the free flow of goods and services under the Philippine Export Development Plan 2015-2017.- Piercy Kieth Cezar

PNB launches new credit facility for SMES

The Philippine National Bank (PNB), one of the country’s largest private local commercial banks, launched the Small Enterprise Virtual Card for Small Enterprises last 06 March 2017. This new loan facility is fully operational starting 25 March 2017. It is PNB’s financing innovation to SMEs who are looking for additional capital for their business expansion.

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