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Bill on SPVs to buy banks’ bad loans filed in Senate

A MEASURE providing for the establishment and regulation of special purpose vehicles (SPVs) that will acquire bad loans from financial institutions has been filed in the Senate.

Senate panel pledges timely passage of 2021 budget

THE Senate Committee on Finance has committed to pass on time the P4.5-trillion national budget, which is expected to sustain the government’s efforts to help the economy recover from the coronavirus pandemic.

Senate approves Bayanihan II on final reading

THE Senate on Tuesday approved on third and final reading a measure touted as part of the government’s economic recovery plan.

Senate aims to start PhilHealth probe Monday

THE SENATE is aiming to start its investigation on alleged anomalies within the Philippine Health Insurance Corporation (PhilHealth) by next week with the goal of strengthening the National Health Insurance Act against corruption.

Senate to block Cha-Cha, plan to cut term limits

MOVES TO AMEND the 1987 Constitution amid a coronavirus pandemic won’t prosper in the Senate, an opposition lawmaker said on Sunday, warning of an alleged plot to delay the 2022 presidential elections and remove term limits.

Bill allowing sale of bad loans to asset management firms filed...

A measure allowing financial institutions to sell bad loans to asset management companies has been filed in the Senate as banks anticipate a rise in nonperforming assets.

Senate bill seeking COVID-19 funding from privatization of gov’t assets

A MEASURE expediting the privatization of government assets to raise funds for the coronavirus crisis has been filed in the Senate.

Senate to consider bill soon granting WFH tax deduction

A BILL due to be filed in the Senate will seek tax deductions for employees working from home (WFH), to compensate them for having to pay more for electricity.

Senate to legislate bad loan transfers from banks via separate bill

THE Senate will legislate bank bad loan transfers to asset management companies in a separate bill, rather than as an amendment to the Bayanihan 2 bill, the head of the chamber’s finance committee said Sunday.

Lending quotas for agriculture to be eased under Senate bill

A MEASURE amending the law setting quotas on bank lending to the agriculture and agrarian reform sectors has been filed in the Senate.

Court junks De Lima’s petition to join Senate proceedings online

A regional trial court has rejected Senator Leila M. De Lima’s petition to join Senate proceedings via teleconferencing from her cell in Camp Crame. “Allowing...

Senate to focus on Bayanihan law extension, no time to pass...

SENATE MAJORITY Leader Juan Miguel F. Zubiri said that the Senate may not be able to pass all priority measures such as the economic stimulus act and the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) before Congress adjourns next week due to the limited number of session days left, adding that the upper chamber will be prioritizing the bill extending the validity of the Bayanihan to Heal As One Law instead.

Former Senator Tessie Aquino-Oreta, 75

FORMER Senator Ma. Teresa Aquino-Oreta, sister of the late senator Benigno S. Aquino, Jr., has passed away, her son, Malabon Mayor Antolin A. Oreta lll said on Friday. She was 75.

DoJ, Senate back ABS-CBN operation

By Vann Marlo M. Villegas and Charmaine A. Tadalan, Reporters THE Department of Justice (DoJ) stood by its position that ABS-CBN Corp. can still operate...

Despite extended ECQ, Congress will resume on May 4

CONGRESS will resume its session on May 4 even though President Rodrigo R. Duterte has extended the enhanced community quarantine (ECQ) in the National Capital Region.

Senate eyes pro-poor measures

THE Senate is considering legislation on food subsidies to aid daily wage earners who have temporarily lost their jobs after President Rodrigo R. Duterte stopped work as part of a Luzon-wide lockdown to contain a novel coronavirus outbreak.

Bill on lockdowns filed at Senate

A SENATOR has filed a bill allowing the Bureau of Quarantine to impose lockdowns in selected areas amid the threat of a novel coronavirus outbreak.

Senate, House got ‘very good’ ratings last quarter — SWS

THE Senate and House of Representatives got “very good” net public satisfaction ratings of +62 and +51 in the past quarter, while the Supreme Court got a “good” rating of +49, according to the latest poll by the Social Weather Stations (SWS).

Jurisprudence on treaty termination sought by Senate

THE SENATE on Monday adopted a resolution asking the Supreme Court to come up with jurisprudence on whether President Rodrigo R. Duterte can end a treaty without Senate concurrence.

Senate approves changes to law against terrorism

THE Senate on Wednesday approved on final reading a bill that seeks to boost the government’s anti-terrorism thrust.

Senate panel sets hearing on ABS-CBN franchise

THE Senate Committee on Public Services will no longer wait for the transmittal of the bill on the franchise of ABS-CBN Corp. from the House of Representatives as it plans to begin deliberation of the application for renewal.

Senate body uncovers illegal airport scheme for Chinese nationals

SENATORS on Monday uncovered an illegal scheme that allows the entry of Chinese nationals for a fee.

Senate to meet with Executive on legislative agenda

PALACE and Finance officials will separately meet with Senate leaders next week to discuss President Rodrigo R. Duterte’s legislative agenda, Finance Secretary Carlos G. Dominguez III said on Friday.

Senate panel wants online gaming halt over tax issues

A SENATE panel on Tuesday recommended the suspension of the Philippine Offshore Gaming Operators (POGOs) after learning foregone revenues in 2019 hit an estimated P50 billion.

Senate panel OKs request to reconsider VFA termination plan

THE SENATE foreign relations committee has approved the resolution asking President Rodrigo R. Duterte to reconsider the abrogation of the Philippines Visiting Forces Agreement (VFA) with the United States.

Senate to draw rehab plan for Taal Volcano

SENATE President Vicente C. Sotto III on Monday asked the chamber to draw up a long-term plan to rehabilitate Batangas province after Taal Volcano’s eruption destroyed homes and buried shops in ashfall.

Senate eyes probe of legal defeats in lawsuits vs Marcoses

THE Senate may investigate the government’s failure to recover billions of pesos worth of assets that the late dictator Ferdinand E. Marcos and his family allegedly stole when they were still in power, a senator said on Wednesday.

Senate body to endorse extradition treaty with Russia

THE SENATE foreign relations committee is likely to endorse a proposed Philippine extradition treaty with Russia.

Senate wants to review water utility contracts

THE Senate may review water concession agreements with utilities deemed onerous in the exercise of its oversight function, a senator said on Wednesday.

Senate approves P33.9B rice subsidy

THE Senate yesterday approved on third and final reading a resolution allowing the government to distribute locally produced palay instead of cash to 4.1 million social welfare beneficiaries.

Senate approves bill deferring 2020 polls

THE SENATE on Monday approved on third and final reading a bill postponing village and youth elections to December 5, 2022 from May next year.

Senate also passes resolution extending 2019 budget validity

A JOINT resolution has been filed at the Senate to extend the validity of the 2019 budget until December 2020, following second reading approval by the House of Representatives on a similar measure.

Lawmakers uncover more jail schemes

THE SENATE has uncovered more money-making schemes at the country’s jails, including prostitution, kidnap-for-ransom and gambling.

Senate body agrees to defer village polls

A SENATE body on Wednesday agreed in principle to defer the May 2020 village and youth council elections, but has yet to decide on the new dates.

Senate may probe DoH ‘conflict of interest’

THE SENATE will consider a probe of Health Secretary Francisco H. Duque III for alleged conflict of interest involving a family company, Senator Christopher Lawrence T. Go said yesterday.

Senators say they can’t act on China fishing deal

THE Senate can’t review a verbal fishing agreement with China in the absence of documents proving it, Senate President Vicente C. Sotto III said yesterday.

Senate committee leaderships announced

THE Senate on Tuesday elected the heads of its various committees starting with the finance body, which will be headed by Senator Juan Edgardo M. Angara.

Senate bill to allow microgrids to be developed without franchise holders’...

A SENATE bill aims to speed up rural electrification by boosting the development of microgrid systems by accredited developers, imposing sanctions on bureaucratic delays and lifting the requirement of securing waivers from franchise-holding utilities.

Bill filed raising teachers’ salaries

SENATOR Sherwin T. Gatchalian filed a bill that aims to raise the salary of public school teachers to be at par with the ASEAN average.

Comelec proclaims winners in senatorial race

THE Commission on Elections (Comelec) on Wednesday proclaimed the top 12 in the 2019 senatorial race as the official winners in that contest.

Senate cancels investigation on Bikoy ‘nonsense’

By Charmaine A. Tadalan and Arjay L. Balinbin Reporters THE Senate on Wednesday canceled a planned hearing on the controversy over the netizen “Bikoy” which the...

Senate to hear ‘Bikoy’

THE SENATE Committee on Public Order and Dangerous Drugs on Tuesday asked “Bikoy,” the man responsible for the “Ang Totoong Narcolist” (The Real Narcolist) videos, to submit a sworn statement and supporting evidence to push through its probe within the week.

Senate panel to submit report on charter change

THE SENATE Committee on Constitutional Amendments and Revision of Codes, chaired by Senator Francis N. Pangilinan, is set to file its committee report on the proposed shift to a federal government when sessions resume on May 20.

Senate protests resolution by US House on PHL

SENATE President Vicente C. Sotto III and two other senators filed a resolution rebuking members of the United States House of Representatives, following what they deemed to be moves by US lawmakers to interfere with the Philippine judicial process.

Senate eyes law to restructure PNOC

THE chairman of the Senate committee on energy is looking at a law that will restructure the state-led Philippine National Oil Co. (PNOC) by abolishing its existing subsidiaries and directing its focus away from non-exploration activities.