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THE SENATE will ensure that no lump-sum appropriations make it into the final version of the P4.5-trillion national budget for 2021, Senate President Vicente C. Sotto III said Wednesday, after the House of Representatives officially transmitted its budget bill to the chamber.
TWO bills seeking to expand government aid to jobless workers amid a coronavirus pandemic have been filed at the Senate.
SENATORS asked the Department of Agriculture (DA) to limit imports of staple foods during harvest season to address weak farmgate prices.
THE SENATE is likely to pass next year’s P4.5-trillion budget on time, after a leadership squabble at the House of Representatives nearly derailed debates on the spending plan aimed at helping the economy recover from a coronavirus pandemic, according to the head of the finance committee.
THE SENATE will resume sessions on Nov. 9, a week earlier than scheduled to tackle the 2021 national budget and a tax reform bill that will cut corporate income tax and streamline fiscal incentives.
THE PHILIPPINE Senate on Wednesday approved on third and final reading a bill giving President Rodrigo R. Duterte special powers to quicken permit and license approvals amid a coronavirus pandemic that has sickened almost 350,000 people.
SENATORS said they want to look into the government’s plan for Malampaya, the Philippines’ sole natural gas field, which is expected to be depleted within the next few years, posing problems for energy security.
THE SENATE approved on second reading a bill giving President Rodrigo R. Duterte special powers to fast-track the issuance of permits and licenses amid the coronavirus disease 2019 (COVID-19) pandemic.
BUSINESS GROUPS are asking for a five-year pause before tax reforms under the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) bill are applied to current investors.
A NEW VERSION of the measure establishing the P10-billion coconut levy fund was approved on third and final reading in the Senate Monday.
A SENATE committee on Tuesday weighed the President’s legal authority to expedite the issuance of permits and sanction officials who fail to do so in deliberations over a bill seeking to endow the Anti-Red Tape Authority (ARTA) with the power to issue subpoenas or find respondents in contempt.
A PRIORITY measure aimed at further opening up the retail sector to foreign companies hurdled the Senate Committee on Trade, Commerce and Entrepreneurship on Monday, although a local retailers’ group warned this may further hurt micro, small and medium enterprises (MSME) still reeling from the pandemic.
A MEASURE authorizing President Rodrigo R. Duterte to expedite the issuance of permits and licenses at national and local levels has been filed in the Senate.
A Senate measure is seeking to provide enhanced protection, security, benefits for the country’s media workers. Senate President Vicente Sotto’s Senate Bill No. 1820, otherwise...
ECONOMIC MANAGERS pressed the Senate on the urgency of legislation creating asset management companies (AMCs), saying that delays in enacting such a measure hampered the economy’s recovery from the Asian Financial Crisis of 1997.
THE SENATE committee that investigated the alleged widespread corruption in the Philippine Health Insurance Corp. (PhilHealth) has recommended the filing of criminal and administrative charges against those involved in irregularities, including top ranking officials.
THE SENATE committee on foreign relations is ready to look into proposals to terminate existing contracts with Chinese companies that are involved in reclamation activities in the South China Sea, but its chairman noted that aborting signed deals is not that simple.
THE Philippine Health Insurance Corp. should be abolished and replaced by a new agency through legislation, the Senate blue ribbon committee said in a report on Tuesday after a probe that exposed corruption among high-ranking officials.
THE SENATE will begin deliberations next week on the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will immediately cut corporate income tax to 25%.
THE SENATE prefers to legislate pandemic relief measures specific to financial institutions separately from the Bayanihan II bill, as opposed to the House of Representatives’ more integrated proposal, Senator Grace S. Poe-Llamanzares said at an online briefing Wednesday.
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.