Dear Fellow Pawnbroker:

Warm greetings!

This is to inform you about the scheduled CPPI National Convention & Election on December 6 (Sunday) from 8:00am to 5:00pm at the Quezon City Sports Club. The discussion would focus on:

1. House Bills No. 5314
Exempting pledge of personal property covering a loan of money not exceeding PHP10,000 from documentary stamp tax.

2. Imposition of New/Revised Bangko Sentral Ng Pilipinas Pawnshop Regulations
The business seminars are scheduled in the morning and afternoon. House bill no. 5314 will be discussed after the first business seminar and the Supreme Court decision on GRT and BSP’s regulation covering pawnshops will be discussed in the afternoon.

Again, do find time to attend this conversation so that we can directly address your queries and assist you on how to deal with the above-mentioned topics that will surely affect our pawnshop operations.

Thank you and let us all be one in publishing the pawnshop industry to greater heights as we face another challenging year ahead of us.

Mabuhay tayong lahat!
Very truly yours,
Consul Luis I. Ablaza, Jr.

Dear Fellow Pawnbroker,

This is to inform you that our CPPI Mid-year conference is scheduled on June 29, 2008, Sunday from7:00 AM to 5:00 PM at the Quezon City Sports Club, E. Rodriguez Sr. Ave., Quezon City.

We urge you to attend this event so that we will be able to discuss with you the important areas and programs that we are currently addressing and issues that we are focusing on to better serve the pawnshop industry.

Taxation particulary:

1. Minimum amount of documentary stamp tax coverage (acceptable to both pawnshop industry and BIR)

Bangko Sentral ng Pilipinas‘ issues:

1. Pawnshop franchising
2. Collateral business of pawnshop e.g. money transfer and foreign exchange

Amended rules and regulations covering pawnshop operation
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