2019

Duterte signs BSP charter improvement measure into law

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By Bernadette D. Nicolas, February 16 2019; Business Mirror https://businessmirror.com.ph/2019/02/16/duterte-signs-bsp-charter-improvement-measure-into-law/ Image Credit to Business World President Duterte has signed into law a measure that provides improvements to the Bangko Sentral ng Pilipinas (BSP) Charter. Republic Act 11211 amends the Central Bank’s charter, paving the way for a more forceful inspection and disciplinary authority over the […]

2019

DBM sees new budget by end-Q1

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By Bernadette D. Nicolas, February 14 2019; Business Mirror https://businessmirror.com.ph/2019/02/14/dbm-sees-new-budget-by-end-q1/ Image Credit to Business World THE country will have a new budget by the end of the first quarter should Congress stay true to its word to submit the P3.757-trillion proposed national budget by March 1, Budget Secretary Benjamin E. Diokno said on Wednesday. Diokno […]

2019

Lacson decries budget ‘insertions,’ wants amendments made public

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By Marlon Ramos, February 11 2019; Philippine Daily Inquirer https://newsinfo.inquirer.net/1084039/lacson-decries-budget-insertions-wants-amendments-made-public Image Credit to Manila Bulletin No more budget “insertions” written on table napkins. Still reeling from last week’s ratification of what he described as “pork-ridden, cholesterol-rich” P3.8-trillion spending bill, Sen. Panfilo Lacson on Sunday decried the reinstatement in the final version of the national budget […]

2019

House bill tweaks capital punishment provision in Dangerous Drugs Act

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By Charmaine A. Tadalan, February 7 2019; Business World https://www.bworldonline.com/house-bill-tweaks-capital-punishment-provision-in-dangerous-drugs-act/ Image Credit to Business World THE HOUSE of Representatives on Thursday approved a second time the bill amending Republic Act No. 9165, or the Comprehensive Dangerous Drugs Act, to remove on second reading provisions imposing capital punishment on certain drug offenses. The chamber had approved House Bill […]

2019

Duterte to OK rice tariff bill

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By Jasper Emmanuel Y. Arcalas & Elijah Felice E. Rosales, February 8 2019; Business Mirror https://businessmirror.com.ph/2019/02/08/duterte-to-ok-rice-tariff-bill/ Image Credit to Business Mirror THE opening up of the Philippine rice market is inevitable, as Malacañang said President Duterte will not veto the rice tariffication bill even as he acknowledged that it will be detrimental to farmers. Duterte had a […]

2019

Innovative Startup bill targeted for approval Feb. 6

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By Charmaine A. Tadalan, February 3 2019; Business World https://www.bworldonline.com/innovative-startup-bill-targeted-for-approval-feb-6/ Image Credit to Rappler THE Bicameral Conference Committee tasked to reconcile the disagreeing provisions of the proposed Innovative Startup bill targets ratification by Wednesday, Feb. 6. Parañaque-2nd district Rep. Gus S. Tambunting of the House contingent said the bill has “big chances” of being enacted before […]

2019

New House rules make it harder to access lawmakers’ SALNs

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By Mara Cepeda, January 31 2019; Rappler https://www.rappler.com/nation/222367-house-resolution-rules-access-salns-lawmakers Image Credit to Rappler MANILA, Philippines – It is now harder to access the Statements of Assets, Liabilities, and Net Worth (SALNs) of district and party-list representatives after the House of Representatives adopted House Resolution (HR) 2467 on Wednesday night, January 30. Under the approved rules, any request to […]

2019

Final battle on tobacco taxes waged in Senate

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By Butch Fernandez, January 30 2019; Business Mirror https://businessmirror.com.ph/2019/01/30/final-battle-on-tobacco-taxes-waged-in-senate/ Image Credit to Business Mirror SENATORS are firming up a consensus on a higher tobacco tax ranging from P60 to P90 per pack. But, in an indication of how fiercely the tug-of-war between pro- and anti-tobacco tax hike is affecting lawmakers, the Senate Ways and Means Committee scheduled another […]

2019

Senators firm up schedule to front-load budget bill

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By Butch Fernandez, January 29 2019; Business Mirror https://businessmirror.com.ph/2019/01/29/senators-firm-up-schedule-to-front-load-budget-bill/ Image Credit to Business World SENATORS on Monday moved to firm up the timetable for Congress to front-load passage of the P3.757-trillion 2019 budget bill, amid reports that the delayed enactment of the annual money measure, according to the Department of Finance, cut government’s spending by P46 […]

2019

Metro Manila to get bigger chunk of budget pie

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By DJ Yap, January 28 2019; Philippine Daily Inquirer https://newsinfo.inquirer.net/1078266/metro-manila-to-get-bigger-chunk-of-budget-pie Image Credit to Business Mirror “Imperial” Metro Manila will continue to receive a bigger slice of the spending pie in the proposed 2019 national budget, while the Visayas and Mindanao will suffer cuts, according to the Bayan Muna party-list group. Bayan Muna chair Neri Colmenares […]