00:00 Senior citizens and the disabled have something to smile about once the new discount rates on essential products and prime
00:07 commodities for the elderly and PWDs kick in. The newly approved discount is 5% for every
00:14 2,500 purchase each week or
00:16 125 pesos for the entire month. Our Claes El Pardilla fills us in with more.
00:22 Fred, who is 67 years old, relies on his pension to cover expenses.
00:29 That is why the 5% discount for senior citizens
00:33 deducted to basic necessities and prime commodity products is so important to him.
00:38 In the new joint administrative order issued by the Department of Trade and Industry,
00:51 Department of Agriculture and Department of Energy,
00:55 there's a great news for senior citizens and persons with disabilities.
01:00 The discount on purchasing basic necessities and prime commodities
01:05 previously capped at 65 pesos less for
01:08 1,300 pesos per week has nearly doubled to
01:12 125 pesos or up to 500 pesos per month.
01:17 Now, it is 5% of
01:19 2,500 per week. So it has nearly doubled.
01:24 And we need four items on our list of basic necessities and prime commodities.
01:31 Let's also remember that the applicable discount is for personal
01:35 and exclusive use and enjoyment of our seniors. So the discount that can be applied
01:41 will only be used by our seniors.
01:45 This is welcome news for Ellen, 71, and Patricia, who lost vision in one eye.
01:52 Water and electricity are expensive.
01:54 Especially now, electricity is expensive.
01:56 So it is very important for us to have a discount.
02:04 We can buy sugar.
02:07 And my maintenance is number one.
02:11 It needs to be increased.
02:14 Instead of three, it will be five.
02:18 Rice, sugar, bread, coffee, noodles, sardines, pork, chicken, vegetables, LPG, charcoal, and other items are included in the discount program.
02:32 Just present your ID showing your birth date and your PWD card along with a discount booklet.
02:39 This will also apply to online shopping platforms starting on Monday.
02:44 The DTI emphasizes and reminds retailers should not justify raising the prices of goods to offset the discount provided.
02:53 Before, there was no tax deductibility of 5% discount.
02:57 Now, they report revenues of 100%.
03:00 Because they gave a 5% discount, it's only 95%.
03:03 So the amount of taxable income will be reduced.
03:06 What a lame paradigm for the new and better Republic.
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