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A House of Representatives panel approved a measure seeking to overhaul the Military and Uniformed Personnel (MUP) pension system to make it more fiscally sustainable. During its virtual meeting, the House Ad hoc Committee on the Military and Uniformed Personnel Pension System approved the unnumbered substitute bill after significant issues were resolved among the committee […]
The chairman of the House Ways and Means Committee is urging the Philippine Charity and Sweepstakes Office (PCSO) to digitize its products to continue generating revenues amid the quarantine restrictions being enforced because of COVID-19. During the lottery agency’s briefing with the House panel, Albay Representative Joey Salceda said PCSO’s revenues declined from P44 billion […]
The bicameral (bicam) conference committee approved the proposed measure seeking to increase taxes on alcoholic drinks, heated tobacco products, and vapor cigarettes. In an interview after the bicam meeting, Senator Pia Cayetano and Albay Rep. Joey Salceda said the reconciled version of Senate Bill No. 1074 and House Bill No. 1026 is expected to give […]
A proposal seeking to impose an excise tax on single-use plastic bags has hurdled committee level at the House of Representatives. The House Committee on Ways and Means, chaired by Albay Rep. Joey Salceda, approved the bill imposing a P20 per kilo levy on single-use plastic bags used in supermarkets, malls, shops, stores, sales outlets, […]
Two House leaders said the country’s improved rankings in the World Bank’s (WB) “Doing Business” report is a testament to the rising business confidence in the reforms instituted by the administration of President Rodrigo Duterte. In the just-released WB report, the Philippines improved by 29 notches, ranking 95th from the previous 124th out of 190 […]