Covid-19 Update

CIAC said it is deferring the collection of the lease rentals of its locators in direct response to President Rodrigo Duterte’s appeal during his State of the Nation Address last July for government agencies to assist the business sector adversely affected by the COVID-19 pandemic. “We currently have about 45 locators and we told them that they don’t have to right now pay their rentals for the months of April to June this year, and they also do not need to worry about paying any interests or penalties on delayed payments,” CIAC president Aaron Aquino said.