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 […]
Tag: amendments
A lump sum retirement gratuity pay equivalent to one-year honorarium or P100,000 as well as grant of other benefits including a higher Christmas bonus for barangay officials are now being pushed anew in the Senate. In making the proposal, Senator Win Gatchalian said the existing amounts being provided under the Local Government Code of 1991 […]