CDO LGU grants relief to Oro Chamber members affected by Sendong

Jan 14, 2012

by Mike Baños

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CAGAYAN DE ORO CITY – The City Government has agreed to grant businesses adversely affected by the Tropical Storm Sendong disaster immediate relief from unpaid real property penalties and surcharges.

A delegation from the Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) met in a series of meetings with the City Finance Committee to follow up its Jan. 11, 2012 letter request to Mayor Vicente Y. Emano coursed through Councilor Simeon V. Licayan as chairman of the city council’s ways and means committee requesting relief for its member companies affected by the flash floods.

Among the measures requested by the chamber through its president Ma. Teresa R. Alegrio were the deferment of new assessment fees provided in the new Revenue Code of Cagayan de Oro pertaining to the renewal of business permits for a year, and instead use the old assessment rates for those directly affected micro, small and medium enterprises (MSMEs); condonation of penalties on all unpaid real estate taxes since the global crisis of 2007 up to the present; and the extension of the processing of business permits renewal for another month.

“We had a successful final meeting with the City Finance Committee and essentially, all our requests were granted except for the extension of the business renewal period to February,” said Oro Chamber Executive Director Lordilie C.S. Enjambre in a memorandum to the Board of Trustees. “Hence, payment of outstanding real property taxes from 2007-2011 can now be done less interests and surcharges until April 30, 2012 while the old business permit assessment rates will be applied to directly affected MSMEs.”

Partial results of quick survey conducted recently by the Oro Chamber revealed that 57 member MSMEs were directly affected by Tropical Storm Sendong with damages to equipment and structures amounting to PhP 129.5-million while equipment losses in the manufacturing sector totaled PhP 224-million.

Member companies in the hotel and restaurant sector also reported a 60 percent drop in income due to canceled functions and bookings, personnel and client fatalities, and the shortage of electricity and water.

“The business sector is doing its best to provide relief assistance to all affected families including its own employees and workers. The road to economic recovery however may take some time and for this reason the Oro Chamber is appealing for your consideration on the subject requests,” read the chamber’s letter to the Mayor.

The City Treasurer’s Office has requested the Chamber to submit its list of affected MSMES by January 16, 2012 as its basis for collection.

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