|
SENIOR CITIZENS DISCOUNT APPLICABLE EVEN WITH CREDIT CARD PAYMENTS |
As early as February 5, 2007, Department of Trade and Industry (DTI) Secretary Peter Favila issued an opinion stating that Republic Act No. 9257, otherwise known as the Expanded Senior Citizens Act of 2003, did not distinguish the mode of payment by which senior citizens may avail of the 20% discount. As such, no distinction in the implementation thereof should likewise be permitted, and senior citizens availing of the discount privilege should be allowed to purchase in either cash or through credit card. This sentiment was reiterated by Director Victorio Mario Dimagiba of DTI’s Bureau of Trade Regulation and Consumer Protection (DTI-BTRCP) during the June 7, 2007 Public Consultation on the Consolidated Purchase Booklet of DTI and the Department of Agriculture. However, as for the 5% special discount on selected goods, retailers, grocery and supermarket owners and senior citizens group present, agreed to allow credit card payments for purchases of basic necessities and prime commodities for a total value of above P650 only. These agreements were thus incorporated into the revised Frequently Asked Questions (FAQs) by the DTI issued last September 2007. Clearly stated therein was the pronouncement that credit cards may be used in purchasing prescription drugs and medicines subject to the 20% senior citizens discount, but purchase of basic necessities and prime commodities with a total value of P650 or less should still be paid in cash to avail of the 5% special discount. As a result of on-going discussions, the NCMB has already drafted a resolution that will serve to clarify certain provisions of the Expanded Senior Citizens Act and provide clearer guidelines in the availment of the discount privileges. |
|
Last Updated ( Wednesday, 09 July 2008 )
|
|
Read more...
|
|
|
Philippine Plan of Action for Senior Citizens (PPASC 2006-2010) INTRODUCTION In 1999, Presidential Proclamation No. 1048 was issued declaring a nationwide observance in the Philippines of the International Year of Older Persons in line with the Un Declaration of International Year of Older Persons. In response to its observance, the Philippine Plan of Action for Older Persons (PPAOP) 1999-2004 was formulated to address the broad interests of the Filipino older person sector in a five-year period. The Philippines has recently concluded the implementation of the PPAOP 1999-2004. It addressed the need to institute appropriate policies, strategies, mechanisms and programs/projects to ensure that senior citizen’s rights are upheld. |
|
Last Updated ( Thursday, 26 June 2008 )
|
|
Read more...
|
|
II. THE DEMOGRAPHIC TRENDS The Senior Citizens in the Philippines It is estimated that the proportion of persons aged 60 years and older in the world will double between 2000 and 2050, from 10 to 21 per cent (i.e. from 600 million to 2 billion in absolute number). In 2025, it is projected that 15 per cent of the world population will be aged 60 and over. Among the world's population aged 60 years and above, 52 per cent live in Asia and the Pacific in 2002, and this is projected to increase to 59 percent in 2025. Asia and the Pacific is the most rapidly ageing region of the world. As the region urbanizes, the availability of traditional family support is likely to be reduced. |
|
Last Updated ( Wednesday, 25 June 2008 )
|
|
Read more...
|
|
|
|
<< Start < Prev 1 2 3 4 5 Next > End >>
|
| Results 1 - 4 of 17 |