Dualtech Stakeholders convene for Executive Briefing
The partners and stakeholders of Dualtech Center gathered at Manila Golf and Country Club to discuss the updates on the Philippine Economy, Philippine Tax Reforms, Recent Legislation and Jurisprudence on Labor and Social Concerns and the developments at Dualtech Center.
The participants comprised of Bridgestone, Yamaha, SIIX Coxon, Gentrade, RNM Dynamics, Murata, Tanduay, East-West Seed, Phil Nippon, Licton, and Enchanted Kingdom. Dr. Bernardo Villegas, Atty. Bienvenido E. Laguesma, and Atty. Fabian Delos Santos delivered the presentation.
The talk of Dr. Bernardo M. Villegas credited the sunrise industries as country’s chief source of sustainability. The title was previously exclusive to telecommunication giants as the youngest industry of the lot, but it has since expanded to include any industry that enjoys growth at a fast pace, and contributes extensively to the local economy. These companies include banks, holdings, investment statures, food, mechanical, and technological producers, retail stores, real estate, and even raw material providers such as electric and mining companies.
The sunrise industries are heralded as the emerging producers of wealth for the communities. Most sunrise industries in the Philippines are appreciative of skilled employment. Magnates tend to hire workers who are both skilled in theory and practice, especially those who have experienced a large deficit between industrial demands and technical know-how.
Atty Laguesma discussed rigorously some of the recent legal jurisprudence concerning the labor sphere. This includes, among others, Anti- Age Discrimination in Employment Act of 2016 (RA 10911) which protects the workers fropm coerced imposition of retirement age other than what is stipulated in the law; Telecommuting Act of 2018 (RA 11165) where a mutual arrangement between the worker and his/ her employer for an alternative workplace with the use of telecommunication and computer technologies and; amended Service Charge Law (RA 11360) which ensures a fair, complete and equal distribution of service charges collected by hotels, restaurants and similar establishments.
Atty. Fabian Delos Santos talked about the update on Tax Amnesty and the anticipation to the proposed bills regarding CITIRA, PIFITA and the Real Property Valuation and Assessment Reforms Acts. He cited also that industry partners could avail of the Tax Incentives on the Dual Training (DTS) System Act or RA7686 and that this will not be affected despite the tax reforms.
Former Dualtech Chairman, Mr. Juan Santos, made an appeal to the stakeholders to continuously support the institution to benefit more scholars in the program.