Homestay Program and the LIBOT BAYAN Program

December 11, 1989 REVENUE MEMORANDUM CIRCULAR NO. 79-89 SUBJECT : Homestay Program and the LIBOT BAYAN Program TO : All Assistant Commissioners, Regional Directors and Others Concerned In a memorandum dated November 20, 1989, Assistant Commissioner Angel Q. Yoingco of the Department of Finance has forwarded to us the Letter dated October 31, 1989 of the Director, Office of Product Research and Development, Department of Tourism, promoting the Homestay Program and the LIBOT BAYAN Program, a project which aims to encourage government employees to travel through a one-month salary loan from the GSIS. The Bureau is enjoined to participate in this Program. The program guidelines are as follows: 1. The program will make available to qualified government employees a one-month salary loan to be used for the purchase of a domestic tour package from the following licensed and accredited tour operations: 1) Adventure International Tours, Inc. The Dutch Inn, 1034 Roxas Blvd. Ermita, Metro Manila 2) Anggala Travel and Tour Corporation 555 Nueva St., Binondo, Manila 3) Anscor Travel Corporation Ground Floor Regina Bldg. Trasierra St., Legaspi Village Makati, Metro Manila 4) Blue Horizons Travel and Tours Don Mariano Marcos highway Quezon City 5) Broadway Travel Ground Floor Chateau Marie Bldg. 1322 Roxas Blvd. Ermita, Manila 6) Flight Shop, Inc. G/F Makati Stock Exchange Bldg. Makati, Metro Manila 7) Master Tour Travel Corp. 333 Dasmarias St. Sta. Cruz, Manila 8) Morning Star Travel 316 Dasmarias St. Binondo, Manila 9) Pacific Holiday Lobby Level, Westin Phil. Plaza Pasay City 10) Sarkies Tours Philippines, Inc. J.P. Laurel Memorial Foundation Bldg. M.H. del Pilar, Ermita, Manila 11) Sultan Express Tours and Travel Century Park Sheraton Hotel G/F Arcade, Vito Cruz, Manila 12) Southeast Travel Corporation 451 Pedro Gil Ermita, Manila 2. The loan is payable in 12 monthly installments. Permanent government employees of any agency with at least 80 months (6-1/2 years) of government service or at least 60 months (5 yrs.) with one co-maker who also have at least 60 months of service in the same agency are eligible to apply for the loan at the GSIS. cd i 3. A Libot Bayan Loan from the GSIS can only be used for the sole purpose of purchasing domestic tour packages from the tour operators which are licensed and accredited by the Department of Tourism. 4. The Libot Bayan packages may also be availed of by the government employees who do not wish to apply for the GSIS travel loan. Interested employees may inquire at the office of Product Research and Development, Rm 421, Department of Tourism, with telephone nos. 501760, 502324, 592629 and 592630. (SGD.) JOSE U. ONG Commissioner of Internal Revenue