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Senator Win Gatchalian urged the National Economic Development Authority (NEDA) to fast track the formulation of a detailed plan-of-action to jumpstart the local economy of Marawi City, expressing optimism in the city’s potential to become a regional economic powerhouse. “We don’t want a shotgun approach. We need a strategic approach in jumpstarting the local […]
Leaders of the business sector threw their support to Senator Dick Gordon’s proposed bill seeking the creation of an investment corridor by optimizing the use of available infrastructures. Speaking before the 26th North Luzon Area Business Conference, Gordon called on the Metro Olongapo Chamber of Commerce, the Philippine Chamber of Commerce and Industry (PCCI), […]
The Department of Education (DepEd) has yet to roll out the law mandating financial literacy and entrepreneurial training in basic education. “Two years have passed since the Youth Entrepreneurship Act was passed into law but there is still no movement in its implementation,” said Aquino, the principal sponsor and co-author of Republic Act No. […]
Senator Sonny Angara said part of the incremental revenues of the proposed tax reform measure should be allocated for the strengthening of government’s employment assistance targeted to workers who may be affected by the tax reform. “Oo nga’t mababawasan ang buwis para mas malaki ang maiuuwing sweldo ng ating mga kababayan, pero mahalaga na […]
Closed bank accounts can be looked into because these are no longer covered by the Bank Secrecy Law, according to Senator Chiz Escudero. “A closed account is no longer covered by the bank secrecy law nor by the provisions of the general banking act given the absence of funds in the custody of the […]
The Senate passed on third and final reading a bill seeking to reduce the requirements and streamline the processes in starting and operating businesses to create a more conducive business environment in the country. Senate Bill No. 1311, or the “Expanded Anti-Red Tape Act of 2017” was approved with 17 affirmative votes, zero negative […]
Senator Sonny Angara wants the expected revenue gain from the proposed tax reform measure to go to specific projects and programs including the funding of the free college law, the expansion of free dialysis coverage, and the improvement of public transportation system. The Department of Finance (DOF) estimated that the government can collect P134 billion during […]
Villar SIPAG in partnership with UNILEVER conducted a handbag making training using plastic wastes to create livelihood opportunities to some 50 OFWs and their families in Pililla, Rizal. Dubbed as OFW Hanepbuhay, UNILEVER conducted the skills training to housewives, unemployed individuals, and out of school youth who want to invest in new livelihood opportunities […]
Digitalization is a great equalizer that levels the playing field for large and small business players, the country’s trade chief said at the successful Philippine hosting of the ASEAN 2017 Micro, Small and Medium Enterprises (MSME) Development Summit. “Through innovation and digitalization, we are confident that MSMEs can leapfrog their status as globally-competitive enterprises, […]
After intense scrutiny from both chambers of Congress and the President himself, a legislation that will put casinos within the ambit of the Anti-Money Laundering Act is now a law, according to Senator Chiz Escudero, who has been in the forefront of including the gaming industry under the coverage of AMLA. Republic Act No. […]