IKOT.PH
Senator Grace Poe hailed the ratification of the proposed amendments to the Public Service Act (PSA), saying she hopes this would be “start of the era of inclusive economic gains and development” in the country. “Our overarching goal is to enhance competition, provide better quality services and create jobs,” said Poe, the chairperson of the […]
The Senate unanimously approved on third and final reading a bill amending the Philippine Deposit Insurance Corp. (PDIC) charter, making it an attached agency of the Bangko Sentral ng Pilipinas (BSP). Voting 23-0-0, the Senate passed during Senate Bill No. (SBN) 2365 or An Act Amending Sections 1, 3, 4, 5, 6, 7, 8, 9, […]
The Senate has passed on third and final reading the bill that would open up the Philippines to more foreign investors. Senate Bill (SB) 2094 hurdled the upper chamber with 19 affirmative votes, three negative votes and zero abstention from senators. It seeks to amend the 85-year-old Commonwealth Act No. 146, known as the Public […]
The Senate ratified the bicameral conference committee report for the amendments to the Retail Trade Liberalization Act. The bill seeks to lower the capitalization requirement for foreign retailers from $2.5 million to $500,000, or roughly from P125 million to P25 million. This is in order to attract more foreign direct investments into the country, thereby […]
A panel of the House of Representatives approved a measure that would strengthen the Philippine Competition Commission (PCC) by amending some provisions of Republic Act 10667 or the “Philippine Competition Act.” The House Committee on Economic Affairs, chaired by AAMBIS-OWA Partylist Representative Sharon Garin, approved the substitute measure consolidating House Bills 6243 and 5906, which […]
Senator Bato Dela Rosa has stressed the importance of his proposed amendment to Republic Act No. 10591 or the “Comprehensive Firearms and Ammunition Regulation Act of 2013,” saying that it will be advantageous for all the stakeholders including the government, as it will also ensure additional revenue for the government coffers. In an interview during […]
Amid the outrage over the recent spate of hazing incidents across the country, including the death of Philippine Military Academy cadet Darwin Dormitorio in September, a neophyte lawmaker is seeking to introduce amendments to the anti-hazing law which he hopes could end hazing’s culture of impunity. Rizal 2nd District Rep. Fidel Nograles, who is pushing […]
Senator Bong Go commended the signing into law of Republic Acts (RA) 11449, 11458 and 11448. RA 11449, also known as “An Act Providing for Additional Prohibitions to and Increasing Penalties for Violations of Republic Act No. 8484, or the ‘Access Devices Regulation Act of 1998,’” declares bank system hacking and automated teller machine (ATM) […]
In the wake of the multi-million peso “ghost dialysis” scam that rocked the Philippine Health Insurance Company (PhilHealth) Senator Dick Gordon said he is looking into the possibility of amending laws to prevent similar health scams from being perpetrated in the future. Gordon expressed apprehension that the Universal Health Care which will be funded from […]
Senator Win Gatchalian is pushing for the amendment of the 1991 Foreign Investments Act (FIA) in a bid to provide a renewed boost to the entry of foreign direct investments (FDI) into the country and stimulate job creation. Senate Bill No. 2227, sponsored by Gatchalian, seeks to amend certain provisions of the FIA to “take […]