Benchmark yields for short-term loans moved sideways, prompting the Bureau of the Treasury to reject bids for one-year notes. At Monday's auction of Treasury bills on Dec. 5, the bellwether 91-day Treasury bill rate dropped to 4.089 percent from 4.205 percent last week. This is also lower than the...
REP. Yap (FB) LILOAN, Southern Leyte – Southern Leyte Rep. Christopherson ‘’Coco’’ Yap has filed a bill placing Panaon Island under the protection of the Expanded National Integrated Protected Areas System Act (NIPAS). Yap, together with Southern Leyte Rep. Luz Mercado, filed House Bills...
The Department of Finance (DOF) clarified that the imposition of value-added tax (VAT) on digital transactions only aims to ensure that everybody pays his fair share of taxes. Finance Secretary Benjamin E. Diokno said the proposed VAT on electronic or digital services does not impose new taxes,...
Less than two weeks after the creation of a technical working group (TWG) to thresh out the proposed amendments to the Right-of-Way (ROW) Act, a House panel on Tuesday, Nov. 29, approved the substitute bill that would improve the process of acquiring lands for ROW sites. Surigao del Sur Rep. Romeo...
The House Committee on Basic Education and Culture on Tuesday, Nov. 29, approved two bills that would strengthen students’ access to a creative arts track in secondary school and would improve the welfare of public school teachers through the creation of new teaching positions with higher salary...
House Speaker Martin Romualdez has filed a bill pushing for the creation of a sovereign wealth fund (SWFs) that will improve investment opportunities for Filipinos. House Speaker Martin Romualdez (Photo from House of Representatives via Twitter) House Bill (HB) No. 6398, if enacted, would establish...
Senator Manuel “Lito” Lapid has filed a bill institutionalizing a system of reporting for persons who died of drug overdose. In filing Senate Bill No. 1498, Lapid emphasized the importance of gathering information on drug overdose trends to effectively address the issue on drug overdose. The...
Domestic borrowing program of the Marcos administration for December dropped due to fewer workweeks during holiday season. Based on the Treasury advisory on Thursday, Nov. 24, the December financing plan of the Bureau of the Treasury declined by 32 percent to P135 billion from P215 billion in the...
Voting 21-0-0, the Senate has approved its version of the P5.268-trillion national budget—the first of the Marcos administration’s appropriations measure—on third and final reading. Both the Senate and House of Representatives will now take up the 2023 budget measure at the bicameral...
Senators on Tuesday, November 22 called for an increase in the disability pension of disabled veterans which has remained stagnant for almost three decades already. Sen. Jinggoy Estrada said there is an urgent need to upgrade the 28-year old disability pension of disabled veterans, noting that the...
The House Committee on Local Government on Thursday, Nov. 17, approved the measure seeking to institutionalize the automatic income classification of provinces, cities and municipalities to boost the capacities of local government units (LGUs) in providing socio-economic benefits to LGU personnel....
The House Committee on Public Works and Highways has begun discussions on the proposed measures amending Republic Act No. 10752, otherwise known as the Right-of-Way Act. Surigao del Sur Rep. Romeo Momo, chair of the House Committee on Public Works and Highways, presides over the initial...
