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Senator Alan Peter Cayetano expressed strong support for proposed amendments to the Bases Conversion and Development Authority (BCDA) charter, emphasizing that strategic land sales could stimulate development in key economic zones. Cayetano filed Senate Bill No. 2647 earlier this year during his chairmanship of the Committee on Government Corporations and Public Enterprises, with the goal […]
Senator Mark Villar delivered his sponsorship speech on the proposed amendments to the charter of the Development Bank of the Philippines. Senate Bill No. 2804 authored by Villar and Senate President Chiz Escudero has undergone multiple consultative meetings, public hearings, and technical working group sessions to craft Committee Report No. 308, which Senator Mark sponsored […]
Senator Mark Villar, Chairperson of the Committee on Banks, Financial Institutions, and Currencies successfully led the public hearing on the proposed amendment to the Charter of the Development Bank of the Philippines. “Today, we are here to discuss this bill amending the DBP Charter yet again because we see the imminent need to address the […]
Aside from questioning the timing of the proposed economic Charter change (Cha-cha), Senate Minority Leader Koko Pimentel III also thumbed down what he called a rider provision in the so-called economic Cha-cha that will allow foreigners to own land in the Philippines. “Although they call it economic provisions, there is one rider that it’s not […]
The Senate approved on third and final reading the Office of the Government Corporate Counsel (OGCC) Charter, which aims to help adapt and strengthen the agency to the changing times by standardizing and rationalizing the current compensation framework of its personnel. With 21 affirmative votes, no negative vote, and no abstention, the Senate passed Senate […]
Senator Grace Poe officially endorsed for Senate approval the “Philippine Veterans Bank Act” or Senate Bill No. 2368 that institutes a revised charter for the Philippine Veterans Bank (PVB) to include post-World War II veterans and soldiers. “We need to secure the future viability of the bank, as well as ensure its continuing contribution to […]