(NAR) VOL. 20 NO.2 / APRIL - JUNE 2009
SECTION 1. Erratum for Sec. 2.3 of CPA MC 07-2008 - Subsection 2.3 of Section 2 of CPA MC 07-2008 (Schedule of Implementation) which reads:
“2.3 Third Tranche - 5% increase of the base rate effective 01 August 2011.”
is hereby corrected to read as follows:
“2.3 Third Tranche - 5% increase of the base rate effective 01 January 2011.”
SECTION 2. Repealing Clause - All CPA rules and regulations, policies, guidelines, memoranda or circular inconsistent herewith are hereby repealed accordingly.
SECTION 3. Effectivity - This curative circular takes effect immediately after two (2) publications in a newspaper of general circulation.
Adopted: 09 Jan. 2009
(SGD.) ANGELO C. VERDAN
General Manager