A bill seeking to distribute financial and production support amounting to P15,000 to at least one million small fisherfolks in the country has been filed in Congress. This, as the income of small fishermen already went down to as low as P150 per fishing trip more than a year into the pandemic. In...
Singaporean investors are urged to explore business opportunities in five priority sectors such as manufacturing, start-up and innovation, services, research and development and infrastructure and public private partnership (PPP) even as he announced that government will be formulating the...
After the passage of the CREATE Bill, the government’s economic managers have endorsed to President Rodrigo Roa Duterte (PRRD) for certification as urgent three economic bills pending in Congress with target passage by October this year or just before the political season starts for next...
Senator Risa Hontiveros is now pushing for a measure seeking to create the Philippine Geriatric Center, “one-stop” dedicated public hospital that would provide free medical services to the country’s growing number of senior citizens in the country. Sen. Risa Hontiveros (Senate of the...
Local government units (LGU) along Samar Bay have released a manifesto against House Bill 7853, which will give commercial fishing vessels more access to municipal coastal waters. Photo by Edmundas Stundzius on Unsplash In the manifesto, the Alliance of Local Government Units Along Samar...
Interest rates on Treasury bills rose across the board on Monday, (March 8), amid worries on accelerating inflation. But the Bureau of the Treasury made a full-award at an auction despite higher interest rates being sought by investors. The 91-day Treasury bills (T-bills) fetched an average...
Senators on Thursday pushed for the passage of the bill seeking to tax Philippine Offshore Gaming Operators (POGO) to help the government generate revenues and fund its major programs, particularly on health and education, badly needed this time of a COVID-19 pandemic. Sen. Sonny Angara (Joseph...
Think tank Action for Economic Reforms (AER) has called on President Duterte to line item veto some provisions of the ratified corporate recovery and tax incentives for enterprises (CREATE) bill. In a statement, AER raised five concerns regarding certain provisions of the CREATE bill that was...
The Department of Finance (DOF) worked closely with lawmakers last year in providing technical support leading to swift congressional action on legislative measures that aim to rescue businesses, provide emergency assistance to vulnerable sectors and keep the economy afloat amid the crisis arising...
With less than two-years left before the Duterte administration ends its term, the Department of Finance (DOF) urged lawmakers during the House constitutional amendments hearing that they should focus on pending measures that are “immediately doable.” Finance Secretary Carlos G. Dominguez III...
Amending the economic provisions of the Constitution will not result in revenue losses for the government unlike the Corporate Recovery and Tax Incentives (CREATE) bill where P1.073 trillion in revenues would be lost once the pending is passed, according to economist congressman Joey Sarte-Salceda....
The P65 billion worth of liquefied natural gas (LNG) import terminal projects cornered by the government had been proposed for pioneer incentives availment under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill that is under continued deliberations in Congress....
