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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.
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.
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.
A MEASURE expediting the privatization of government assets to raise funds for the coronavirus crisis has been filed in the Senate.
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.
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.
A MEASURE amending the law setting quotas on bank lending to the agriculture and agrarian reform sectors has been filed in the Senate.
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 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.
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.
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).
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.
SENATORS on Monday uncovered an illegal scheme that allows the entry of Chinese nationals for a fee.
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.
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.
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.
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.
THE SENATE foreign relations committee is likely to endorse a proposed Philippine extradition treaty with Russia.
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.
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.
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.