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THE Senate will continue reviewing the P4.1-trillion national budget for 2020 even after its ratification by both Houses, Senator Panfilo M. Lacson said, Thursday.
AUSTRALIAN companies are seeking “clarity” on legislation proposing to reduce the corporate income tax (CIT) and streamline fiscal incentives, now pending before the 18th Congress.
THE SENATE foreign relations committee is likely to endorse a proposed Philippine extradition treaty with Russia.
THE BICAMERAL CONFERENCE COMMITTEE reconciling versions of the P4.1-trillion national budget proposed for 2020 deferred anew the approval of the spending plan from Tuesday, leaders of both chambers said separately on Monday.
JUSTICE Secretary Menardo I. Guevarra said the government is forming a team to draft revised water concession contracts, which will exclude terms the President considers onerous, adding that the new concession agreement will be ready before the year ends.
THE Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE) said they support bill that will establish a Small and Medium Enterprises (SMEs) Stock Exchange, but noted that there are possible overlaps with existing regulations.
THE PROPOSED P4.1-trillion national budget for 2020 will be approved on Tuesday, instead of Monday as initially planned, as senators sought more time to study the version produced by the Bicameral Conference Committee, Senate Finance Committee Chairman Senator Juan Edgardo M. Angara said on Sunday.
THE DEPARTMENT of Budget and Management (DBM) is drafting a simpler version of the proposed budget reform bill and plans to submit it to Congress in 2020’s “first quarter.”
THE Department of Budget and Management (DBM) said it supports the proposal to extend the availability of the 2019 budget to December 2020 and believes the bill stretching out the validity of the funds complies with a presidential order, reducing the chances of a veto.
THE HOUSE of Representatives and the Senate expect ratification of the proposed P4.1-trillion national budget for 2020 by next week to enable enactment before the year ends, key legislators said separately on Tuesday, while the Budget department has begun the process of crafting the 2021 spending plan.
RELATIONS between the Philippines and China have entered a “Golden Age,” newly appointed Chinese Ambassador to the Philippines Huang Xilian said upon his arrival in Manila on Tuesday.
A RESOLUTION filed in the Senate calls for an inquiry on the implementation of infrastructure projects under the “Build, Build, Build” program and its reliance on official development assistance (ODA), particularly from China.
LEADERS of the Senate finance and House of Representatives appropriations committees start meeting today to harmonize their versions of the proposed P4.1-trillion national budget for 2020 in a bid to ensure enactment before the year ends -- and prevent a repeat of the delayed approval that has taken a toll on 2019’s overall economic growth.
THE COUNTRY’S top diplomat yesterday opposed a proposal to change a treaty that forces the United States to defend the Philippines against external attacks.
THE SENATE on Wednesday approved on second as well as third and final reading its version of the P4.1-trillion national budget for 2020, putting the spending on track to year-end enactment.
THE SENATE on Tuesday approved on third and final reading a measure extending the availability of the 2019 national budget until December 2020.
THREE bills proposing to reform the real property tax system have been re-filed in the Senate.
WITH AT least two reported injuries as workers scramble to finish structures that will be used for the ongoing 2019 Southeast Asian (SEA) Games, the Department of Labor and Employment (DoLE) warned employers of possible administrative charges for failure to follow safety standards.
THE Department of Labor and Employment (DoLE) backed measures to facilitate the adoption of alternative work arrangements on a voluntary basis, on the condition that companies continue to pay overtime and night differentials.
THE measure imposing higher excise taxes on alcohol products, electronic cigarettes and other vapor products is expected to pass the Senate on second reading by Dec. 4, Majority Leader Juan Miguel F. Zubiri said.
A HUMAN RIGHTS group yesterday criticized President Rodrigo R. Duterte for firing Vice President Maria Leonor G. Robredo as its drug czar “on ludicrous grounds.”
THE Philippine government asked Cambodia to resolve a “misunderstanding” involving the arrest of Filipino workers there whose job agency had lost its license.
A MEASURE has been filed in the Senate which will require local governments to set aside 10% of their internal revenue allotment (IRA) from the national government on agriculture and fisheries programs.
PRESIDENT Rodrigo R. Duterte on Thursday expressed disappointment with the perceived slow progress of big-ticket infrastructure projects after economic officials said earlier that a little more than half of the expanded list would be completed 2022 when he ends his six-year term.
THE HOUSE of Representatives Ways and Means committee is looking at imposing even higher excise tax rates on vapor and heated tobacco products in response to President Rodrigo R. Duterte’s order last Tuesday to ban their importation and use in public.
SENATOR Panfilo M. Lacson is planning to propose realignments to the budget of the Department of Public Works and Highways (DPWH), Department of Transportation (DoTr), and the Department of Education (DepEd) to increase funding for three landmark laws.
THE presidential palace yesterday hit back at Vice President Maria Leonor G. Robredo and her ally, former President Benigno Simeon “Noynoy” C. Aquino III, who had criticized President Rodrigo R. Duterte for putting her in charge of his deadly war on drugs even if he did not trust her.
A BILL that would insulate flagship infrastructure projects from temporary restraining orders (TROs) issued by most courts has raised questions about the emergency powers that will trigger the proposed TRO exemption, legal experts and opposition politicians said.
THE Senate will discuss a “more ambitious” amendment to the Foreign Investment Act (FIA) after the budget is approved, Economic Affairs committee chair and Senator Ma. Imelda Josefa R. Marcos said.
THE PROPOSED P4.1-trillion national budget for 2020 is on track to enactment next month as the Senate on Monday began plenary deliberation on the spending plan, even as realignments flagged by Senator Panfilo M. Lacson pose some risk of prolonged discussions.
DEPARTMENT OF Finance (DoF) officials expressed skepticism about the government’s ability to curb salt consumption via taxation, and said the problem might be better addressed via health education.