September 15, 2009

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.