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The Senate passed on third and final reading a bill that would allow more Filipinos to avail of loans from financial institutions by expanding the list of assets acceptable to banks as ‘collateral’ and reducing the risks associated with ‘movable collaterals.’ Approved with 21 affirmative votes, zero negative votes, and zero abstentions, Senate Bill No. […]
Senator Bam Aquino has submitted a measure seeking to provide monetary compensation to Marawi City residents who lost their homes and other private properties to the infamous siege that happened a year ago and lasted for five months. In his Senate Bill No. 1816, Aquino said the monetary compensation will provide Marawi residents with means […]
The Senate passed on third and final reading a measure which aims to give business entrepreneurs a better chance of succeeding in the industry by providing them with tax breaks and other forms of assistance. Senate Bill No. 1532, authored by Senator Bam Aquino, was approved with 18 affirmative votes, no negative vote, and zero […]
Senator Bam Aquino congratulated elected barangay and Sangguniang Kabataan (SK) leaders and advised them to begin by listening to the people they have sworn to serve. “Hindi lang tayo dapat magaling mangampanya, magaling din tayo dapat magserbisyo. Nagsisimula ito sa pakikinig sa komunidad. Alamin natin ang kanilang mga kuwento at kanilang pangangailangan,” Aquino stressed. To […]
With prices of goods and unemployment both on the rise, Senator Bam Aquino said the 800-plus Negosyo Centers in the country play an even bigger role in providing Filipino families livelihood. “Sa harap ng mataas na presyo ng bilihin at mataas na bilang ng walang trabaho sa bansa, higit na kailangang kumilos ang ating Negosyo […]
Senator Bam Aquino called on the Bureau of Internal Revenue (BIR) to spare from withholding tax the honoraria of teachers who will render poll duties in the Barangay and Sangguniang Kabataan (SK) elections on May 14. “Nang isulong natin ang Election Service Reform Act, layunin natin ang bigyan ng karampatang pabuya ang mga volunteers sa […]
Senator Bam Aquino said concerned government agencies should also help small businesses in Boracay as they will be affected as well by the administration’s six-month closure order on the island. “Huwag nating kalimutan ang mga maliliit na negosyante, mga vendor at sumiside-line na tatamaan din sa pagsasara ng Boracay. Tumataas na nga ang presyo ng […]
As Filipinos deal with high prices of goods and services due to the additional excise tax on petroleum products and with the country’s inflation rate shooting up to 4.3 percent in March, Senator Bam Aquino urged his colleagues to revisit Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) Act. In […]
Senator Bam Aquino has reminded relevant government agencies to protect the 1.4 million jobs in the business process outsourcing (BPO) sector from identified threats and prepare for the next Senate hearing concerning this matter. “Our resource speakers have identified three major threats to jobs in the BPO sector: artificial intelligence (AI), the tax reform law, […]
Senator Bam Aquino expects the country’s research and development to get a much-needed boost, now that the Balik-Scientist Act is one signature away from becoming a law. “This is our way of supporting the field of research, science, and technology in the country, which has been undervalued for too long. We hope the President can […]