We are preparing the briefing for VPres. [Spiro] Agnew after the luncheon.
The Threats to Our Security
Official Gazette for February 5, 1973: ENTERPRISES REGISTERED with the Board of Investments may now be allowed an additional deduction from their taxable income for their labor and training expenses. In addition, special export incentives in the form of tax credit and reduced income tax have been provided for under the Investment Incentives Act. These new incentives are embodied in Presidential Decree No. 92 which amends various sections of the Investment Incentives Act (R.A. 5186), the Export Incentives Act (R.A. 6135), and the Foreign Business Regulation Act (R.A. 5455). This amendment, which is intended to encourage companies to undertake the training of unskilled labor, provides that a BOI–registered firm will be allowed to deduct from its taxable income 50 per cent of its labor training expenses. However, the amount should in no case exceed 10 per cent of the company’s direct labor wage. With regard to the incentive in the form of tax credit, the law as amended provides that an enterprise registered under R.A. 5186 which is exporting its registered product will be entitled to a special tax credit on taxes and duties on the supplies, raw materials and semi-manufactured products used in the manufacture of its export products.
COLLECTIONS UNDER the tax amnesty for “hot cars” have exceeded the P12 million mark, according to records of the Bureau of Customs. The collections are expected to increase since some car owners advanced only 50 per cent payment of taxes due from them. In addition, payments will be made by car owners who have been given five days grace period after the deadline last January 31. More than 1,000 hot-car owners made partial payments, and pending completion and tabulation of all tax reports, it is estimated that the government can expect to collect P2 million more. Those who paid partially were given until March 15 to complete their payments. A breakdown of the P12,285,091 collected on 3,353 untaxed or improperly taxed cars and their places of collections are: Manila, P9,946,222; Port of Sual, P1,784,611; Iloilo, P278,815; Subic, Zambales, P151,186; Clark Air Force Base, P115,199; Zamboanga, P6,383, and San Fernando, La Union, P4,672.
SECRETARY OF INFORMATION Francisco S. Tatad, speaking at the Fourth Meeting of the ASEAN committee on Mass Media, held in Manila, declared that the principal task of media in Southeast Asia is to find a language for the Asian masses and to provide them a picture of themselves and of their common life at every instance of change in their society. The Secretary stressed that this language the Asians are looking for “will help them understand what is happening to their lives, a mirror that will show them the unity of their emerging image.” Mr. Tatad told the delegates from Indonesia, Malaysia, Philippines, Singapore and Thailand that only four months have passed since the Philippines embarked on a massive program of reform and development and the nation’s experience has been one of an over-accelerating process of re–examination, recasting and innovation of its social, economic, and political life. However, he pointed out that in laying stress on the development role of the media in Southeast Asia, “we do not seek or prescribe a system that will stifle the development of media as an industry. On the contrary, it seems to us that in seeking a media industry that reaches out not only the elite in the society, but the masses above all, we are providing for the kind of scope and influence that allow the media precisely to develop. This means that from here on, the development of the media must be solely measured in terms of the advancement of the society.”
MEDICAL PRACTITIONERS were told recently to participate more actively in the campaign to control population explosion in order to avert the possibility of doubling Philippine population within 21 years. Secretary Cesar E.A. Virata warned that an ever increasing population will mean more problems in the supply and production of foods, employment, housing, education, health services, and other economic and social problems. In the urban areas, overpopulation will pose bigger problems because of the necessity of providing public services. At present, public services needs in Greater Manila Area alone are so great because of the over-concentration of population. Examples are the water works programs in Greater Manila which requires some $45–million for completion and the sewerage system project which needs P450 million, it was pointed out. The secretary said that “we have to pay the price of development and we should be prepared to suffer some inconveniences if we are to move forward.”
- Radical Anarchists
- Rightists Coup de’tat [sic] and Assassination
- Secessionists
- Private Armies and War Lords
- Criminal Syndicates—Crime Rate
- Corrupted Officialdom
- Oligarchs
The Rebellion arose from all of these.
The Natural Calamities.
And extended by the U.S. Outright.
$50 Million for the rehabilitation.
Military Aid
Practically nothing.
Economic Aid
To prevent a remounting of the rebellion.
Reforms in our society
Reforms we have initiated
- Peace and Order
- Land Reform
- Labor
- Justice and Corrupt and Notoriously Undesirable Public Officials
- Education
- Social Services
- Economic Development and Political Reform (Citizens Assemblies)
Pending Matters with the U.S.
- Treaties Military
Bases
Mutual Defense, Military Assistance Economic
Extradition
Air agreement - Sugar
- American Policy in Asia
Ali Dimaporo and party report the abuse of Lucman of his powers. We may have to detain him.
No developments in Sulu and Basilan.
Held back the Decree on Investment Houses so Ting [Sixto] Roxas and others could comment on it. Now with Gov. [Gregorio] Licaros.
Reviewing the decree on the Forestry Code.
Cabarrus drilling on Rudy Martel’s claims struck copper .6% to .8%. Cabarrus is offering a partnership with the Martels having 60% and Cabnrrus 40%.
Rudy discovered jade-like marble and granite marble in Davao Oriental (Mati).
We have barely scratched the surface of our natural resources!!
The Dollar recovered slightly. It is undergoing a crisis as the US has $4 billion trade imbalance with Japan in the last two months.