Salceda says passage of economic measures gave Cayetano historic high trust ratings

Published October 18, 2019, 5:14 PM

by Martin Sadongdong & Antonio Colina

By Ben Rosario

Describing Speaker Alan Peter Cayetano’s high approval and trust ratings as “historic”, Albay Rep. Joey Sarte Salceda said this was an indication that Filipinos were supportive of the “reform measures” passed by the House of Representatives.

Albay Representative Joey Salceda (ALI VICOY/ MANILA BULLETIN)
Albay Representative Joey Salceda (ALI VICOY / FILE PHOTO / MANILA BULLETIN)

“We congratulate Speaker Alan Peter Cayetano for his high approval and trust ratings in the latest SWS (Social Weather Station) survey,” said Salceda, chairman of the House Committee on Ways and Means.

He added: “This shows that the public appreciates what the leadership and collective membership of the House of Representatives achieved in less than three months.”

AN SWS poll survey showed that Cayetano’s rating, as far as public trust and net satisfaction was concerned, was at a high of +49 or good, higher than that of Vice President Leni Robredo for the third quarter of 2019.

“In particular, the Speaker Cayetano and the House leadership have effectively communicated to its constituencies both local and national, the HoR positive contribution to nation building,” said Salceda.

He recalled that the Lower House approved the proposed 2020 General Appropriations Bill in a record time of one month after receiving it from the Department of Budget and Management.

Also during the period of grading, the Lower House was also able to pass reform measures such as Hosue Bill 304 or the Passive Income and Financial Intermediary Act (Pifita) and HB 300 or the :Amendment of the Foreign investments Act (FIA).”

“Reform measures such as Alcohol and Vape Tax, CITIRA, Pifita, FIA, Retail Trade Liberalization have been approved,” said Salceda.

PIFITA proposed to amend the National Internal Revenue Code of 1997 and reform the financial sector in the Philippines.
Salceda said the enactment of Pifita will allow the country to compete better in attracting capital and investment, which is urgently needed to fund infrastructure, create more and better jobs and boost inclusive and sustainable growth of the economy.

Sponsored by AAMBIS OWA Partylist Rep. Sharon Garin, the FIA bill proposes to allow foreigners to practice their profession in the Philippines, and reduce the required number of local hires for certain businesses.

“The House, through its committees and leaders, is committed to step up to this new era of HoR- the house of reforms,” said Salceda.