The Management Association of the Philippines (MAP) will focus on health, economic recovery, and nation-building this year.
This is what new MAP President Aurelio “Gigi” Montinola 3rd vowed during the group’s virtual inaugural meeting and induction of its 2021 board of governors on Tuesday.
First among MAP’s priorities this year is to secure coronavirus vaccines for its smaller member-companies that are not included in the government’s priority lists.
This initiative will help MAP members to “safely open their businesses and the economy,” Montinola said.
The group will also advocate public transportation that provides mobility that is essential for the economy and society to function properly and be productive, he added.
On economic reforms, the MAP head said the association’s main immediate goal was to push for the passage of the proposed Corporate Recovery and Tax Incentives for Enterprises (Create) Act, which will provide a a much-needed P250-billion stimulus to safely reopen the economy.
Formally known as Senate Bill 1357 and passed on third and final reading last November, Create seeks to immediately cut the country’s corporate income tax (CIT) rate from 30 percent to 20 percent for local businesses with a net taxable income of P5 million and below and total assets (excluding land) of up to P100 million. Other businesses will see their CIT lowered to 25 percent.
The measure also modernizes fiscal incentives by making them performance-based, targeted, time-bound and transparent.
“MAP is joining at least 30 business organizations in signing within this week the joint statement of support for Create and the joint letters to House Speaker Lord Allan Velasco and Senate President Vicente Sotto [3rd] urging them to act quickly on the enactment of Create,” Montinola said.
The organization will also push certain policy recommendations through its commissioned study with University of Asia and the Pacific, he said. In particular, it wished to promote ease of doing business, government digitization efforts, and improved public information communications and technology connectivity.
On the environment, the MAP chief said his group would work toward prescribing appropriate policies. As an example, he cited the development of a natural capital accounting bill that would measure physical units of terrestrial and marine resources of the country, as well as environmental projects in the provinces of Occidental Mindoro, Laguna, and Batangas.
“We shall also balance these with data-based analysis of our energy security and water Security situation,” he added.
And on education, Montinola said MAP will collaborate with the Philippine Business for Education Development “to highlight the learning crisis that the Philippines is in today, particularly at a time of unequal access among our learners, and the lack of a clear Plan to bring our students back to school safely.”