Duterte signs Executive Order No. 114
Duterte Signs EO No. 114 – President Rodrigo Duterte signs Executive Order 114 institutionalizing the “Balik Probinsya, Bagong Pag-asa” Program on May 6.
To recall, Senator Bong Go has proposed this program in order to minimize the residents in urban areas, especially in Metro Manila. This came after the government’s search for better ways in order to address the problems regarding the enhanced community quarantine.
“As a legislator, I am also studying possible legislative measures needed to support the ‘Balik Probinsya’ initiative, such as the proposed Citira Law that would provide more incentives for businesses to invest in other regions outside Metro Manila,” the lawmaker said in a report from The Manila Times. He also said that it should be done by dividing this into phases.
The Senator referred to the Corporate Income Tax and Incentives Rationalization Act. This bill pending in the Senate that seeks a fair ground of tax collection and incentive provided for rural and urban areas. This also aims to give benefit to the local and rural communities as new investments are expected to come in.
On Wednesday, the President has signed the EO institutionalizing the said program which aims to ensure “balanced regional development”.
According to Go, as he and President Duterte are from Davao City, they also want to go back to their home city after they finish serving their terms, based on the report.
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