Senator Cynthia Villar expressed gratitude to President Rodrigo Duterte who signed into law Republic Act (RA) 11511 last December 23, a measure that seeks to strengthen organic agriculture in the Philippines. The legislative measure was principally authored and sponsored by Villar, chairperson of...
Coconut farmers are coming up with a position paper that will formally ask President Rodrigo Duterte to veto Coconut Farmers and Industry Trust Fund or the Coco Levy Act, which will pave the way for the release of the P100-billion Coco Levy Fund. (MB FILE, Keith Bacongco) Pambansang Kaisahan ng...
On the anticipated release of the P100-billion coco levy fund, another veto is coconut farmers’ last hope after the House version of Coconut Farmers and Industry Trust Fund (Coco Levy Act) was passed on third and final reading and turned out to be “worse than the Senate version of the law”....
The government through its auditing agency is set to improve its systems to regulate coronavirus-related expenses. Commission on Audit disclosed its plan last week to team up with members of civil society organizations to comply with the procurement regulations mandated under the Bayanihan Act....
Coconut farmers are questioning some provisions of the Coconut Farmers and Industry Trust Fund Act (Coco Levy Act) such as the annual allocation of portions of the P100-billion coco levy fund to several government agencies, some of which...
The Philippine Coconut Authority (PCA) started the mass registration of coconut farmers to update the National Coconut Farmers Registry System (NCFRS), a concrete database of coconut farmers, ahead of the forthcoming release of the P100-billion coco levy fund. (MB FILE, Keith Bacongco) In several...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will need to borrow P38.4 billion this year to augment the funds needed for the power rate reduction subsidy mandated under Republic Act 11371 or the Murang Kuryente Act (MKA) that was signed by President Rodrigo Duterte...
With the Bayanihan to Recover as One Act (RA 11494) signed into law, a P10- billion fund has been allotted to The Small Business Corporation (SBCorp), the government’s micro financing arm. SBCorp announced it will start rolling out on Monday, October 26, the P10-billion fund to ensure...
Local contractors have joined hands to strongly oppose a bill that would fully open the construction business to foreigners, saying will spell the demise of the local construction industry which employs more than 4 million Filipinos. (MB file photo. Jansen Romero) House Bill (HB) 7337 seeks to...
Several business establishments – from a mall, fast-food and drugstore chains, and supermarkets to a European fast-fashion retailer and a North American coffee shop franchisee – have been the subject of reports from citizens over mishandling and misuse of contact-tracing data, prompting the...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
The Philippine Competition Commission (PCC) has issued rules on review of mergers and acquisitions (M&As) under Bayanihan to Recover as One Act (Bayanihan 2). The new rules took effect yesterday. The new rules detail the exemptions from compulsory notification and motu proprio review,...
