Author Archives: P&L Law

About P&L Law

Pamaos & Labao Law Firm (P&L Law) is a full-service professional legal firm, located in Metro Manila, Philippines | Telephone: (+632) 7799-0589 | Email: info@pnl-law.com | Website: http://pnl-law.com

Food and Non-Food Items (FNI) Distribution during the Enhanced Community Quarantine

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The Philippine government has lined up a number of social amelioration programs designed to mitigate the socio-economic impact of the Coronavirus Disease 2019 (COVID-19) health crisis during the Enhanced Community Quarantine (ECQ), pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives. One the social amelioration programs (see List of Social Amelioration Programs) is the Food and Non-Food Items (FNI) distribution. The guidelines provided in the Joint Memorandum Circular No. 1 are as follows:

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Survival and Recovery (SURE) Assistance for Marginalized, Small Farmers and Fishers during Community Quarantine

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The Survival and Recovery (SURE) Assistance Program for Marginalized, Small Farmers and Fishers is a zero percent interest (0%) rate loan assistance amounting to Twenty-Five Thousand Pesos (PhP 25,000) to be given to eligible borrowers affected by the Enhanced Community Quarantine, to be validated by Department of Agriculture (DA) Regional Field Offices and Local Government Units (LGUs). This is one of the social amelioration programs (see List of Social Amelioration Programs), per Joint Memorandum Circular No. 1, designed to mitigate the socio-economic impact of the Coronavirus Disease 2019 (COVID-19) health crisis during the Enhanced Community Quarantine, pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives.  

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COVID 19 Pondo Para sa Pagbabago at Pag-Asenso Enterprise Rehabilitation Fund (P3-ERF)

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The COVID 19 Pondo Para sa Pagbabago at Pag-Asenso Enterprise Rehabilitation Fund (P3-ERF) is a One Billion Peso (PhP1,000,000,000) special financing program by the Small Business Corporation of the Department of Trade in Industry (DTI) for MSMEs affected by COVID-19. This is part of the social amelioration programs (see list of Social Amelioration Programs) designed to mitigate the socio-economic impact of the Coronavirus Disease 2019 (COVID-19) health crisis during the Enhanced Community Quarantine (ECQ), pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives.  

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Recovery Package for Micro and Small Enterprises Engaged in Agriculture and Fisheries Food Production, and other Supply Chain Activities

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The government has rolled out a number of social amelioration programs in order to mitigate the socio-economic impact of the COVID-19 health crisis during the Enhanced Community Quarantine (ECQ), pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives. Among the social amelioration programs (see List of Social Amelioration Programs) provided in Joint Memorandum Circular No. 1 is the Recovery Package for Micro and Small Enterprises Engaged in Agriculture and Fisheries Food Production, and other Supply Chain Activities in Accordance with the Agripreneurship Development Fund/Program of the ACPC. 

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Moratorium on Loan Payments of Small Business Corporation Borrowers under Community Quarantine

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The Pondo sa Pagbabago at Pag-Asenso (P3) is a financing program established by Small Business Corporation for micro enterprises with an asset not exceeding Three Million Pesos (PhP 3,000,000.00) at not more than 2.5 percent per month all-in interest rate and service charges. One of the social amelioration programs (see List of Social Amelioration Programs) is the moratorium on loan payments of Small Business Corporation borrowers. This is contained in Joint Memorandum Circular No. 1, issued pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives, designed to mitigate the socio-economic impact of the Coronavirus Disease 2019 (COVID-19) health crisis during the Enhanced Community Quarantine.

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Expanded and Enhanced Pantawid Pamilyang Pilipino Program (4Ps) during the COVID-19 Community Quarantine

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The social amelioration programs of the government (see List of Social Amelioration Programs) are consolidated under Joint Memorandum Circular No. 1, issued pursuant to the Bayanihan to Heal as One Act (Republic Act No. 11469) and its Implementing Directives. These programs are designed to mitigate the socio-economic impact of the Coronavirus Disease 2019 (COVID-19) health crisis during the Community Quarantine.

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Price Freeze During COVID-19 Emergency: Joint Memorandum Circular No. 2020-01

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[In a Joint Memorandum Circular, the Department of Trade and Industry (DTI), Department of Agriculture (DA) and Department of Health (DOH) reiterated the automatic price freeze of basic necessities from 16 March 2020 until 15 May 2020, unless sooner lifted by the President, as well as the intensification of monitoring and enforcement to prevent and control overpricing/profiteering, hoarding and cartel. Here is the full text of Joint Memorandum Circular No. 2020-01.]

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Material Information: Concept / Treatment under the Securities Regulation Code of the Philippines

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A material fact or information, as defined in the 2015 SRC Rules, refers to any fact or information that may result in a change in the market price or value of any of the Issuer’s securities, or may potentially affect the investment decision of an investor. Material information shall include, but not be limited to, the following: 

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