The Department of Finance (DOF) has thrown its support behind the proposed Constitutional amendments that aim to enable foreign ownership in the country's mass media, education, and advertising sectors. During the Senate deliberations on Charter change on Monday, Feb. 12, Finance Undersecretary...
Consumers are keenly looking forward to price rollback at the pumps this week, but the final cost reduction ended up at a disappointing endpoint with just P0.10 per liter price cut for diesel products; and P0.60 per liter for gasoline products. For kerosene, the price cut was well along expectation...
Senator Maria Lourdes Nancy Binay has reminded the public that the proposed amendments to the economic provisions of the 1987 Constitution are not supposed to be “a magic solution” to the problems confronting the Philippine economy. In a radio interview on Saturday, February 10 Binay...
Senator Juan Edgardo “Sonny” Angara on Sunday, February 11 called on the public to closely follow the Senate’s ongoing hearings on Resolution of Both Houses No. 6 to gain a better understanding on the proposed amendments to the economic provisions of the 1987 Constitution. ...
House lawmakers on Friday, February 9 lauded President Ferdinand Marcos Jr.’s declaration of full support for the House of Representatives push for economic reform in the Constitution. Senior Deputy Speaker Aurelio Gonzales Jr. said amending the restrictive economic provisions in the 1987...
The Senate Subcommittee on Constitutional Amendments and Revision of Codes has invited representatives from the country’s big business groups and economists to provide their expert opinions on the proposal to amend the supposed “restrictive” economic provisions of the 1987 Constitution....
President Marcos said he would not meddle in talks about amending the 1987 Constitution but urged the public to let the debates on reforms continue as the development of the country is directly involved in the discussion. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/File) Marcos said...
A study by the National Economic and Development Authority (NEDA) has raised the need for a comprehensive telecommunications sector overhaul to address the negative effects of costly and slow Internet connectivity on the country's digital economy. In a policy note, the NEDA revealed that the...
The Senate will merely focus on the proposed amendments on the economic provisions of the Constitution and nothing else when they start tackling the Resolution of Both Houses No. 6 on Monday, February 5, senators said. Sen. Juan Edgardo “Sonny” Angara said that what the Senate will do is...
Another round of hefty price hikes will deepen hole in the consumers’ pockets next week, with diesel rising by more than P1.00 per liter, based on the initial estimates of the oil companies. According to the industry players, the price increase for diesel products may range from P1.45 to P1.95...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives expects the Senate to stand by its word and approve Resolution of Both Houses (RBH) Ho. 6 by March to accelerate the proposed amendments to the economic provisions of...
Senators on Wednesday, January 31 renewed the push for the creation of a special economic zone in the province of Bulacan. Senate President Juan Miguel “Migz” Zubiri said he believes the creation of the Bualacan Airport City Special Economic Zone and Freeport Authority (BACSEZFA) would entice...
