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Senator Chiz Escudero said the current administration should uphold its “no tax exemption” policy as he questioned the perks to be accorded to the proposed Maharlika Investment Corporation (MIC), which will manage the Maharlika Investment Fund (MIF). Escudero expressed concern on the many privileges that the MIC will get supposedly to attract investors and augment […]
Senator Chiz Escudero said he is open to the creation of the Maharlika Investment Fund (MIF) but reiterated that the proposed legislation in its current form needs further amendments to address the “many gaps and loopholes”. “Hindi ako tutol sa pagtatayo ng isang sovereign fund pero panawagan ko sa gobyerno at sa administrasyon, pag-aralan naman […]
Senator Chiz Escudero said the Department of Human Settlements and Urban Development (DHSUD) should build at least one million units annually in the next six years to narrow down the housing backlog and provide more affordable homes to the Filipino people. Escudero issued the statement as he welcomed the appointment of long-time builder and property […]
Senator Chiz Escudero called on President Ferdinand Marcos Jr. to appoint with urgency a “high caliber Cabinet member” as head of the Presidential Legislative Liaison Office (PLLO) that will serve as an effective point person between Malacanang and Congress in pursuit of the Chief Executive’s legislative agenda. Escudero issued the statement to avoid another incident […]
Senator Chiz Escudero expressed optimism that his proposal to mandate all government officials and employees to waive their rights under the Bank Secrecy Law (Republic Act 1405) and the Foreign Currency Deposit Act (RA 6426) will finally see its light under the 19th Congress. Escudero filed Senate Bill No. 56 as one of his priority […]
Senator Chiz Escudero has filed a resolution calling on the Senate to look into the competitiveness of the country’s agricultural industry in order to determine the government intervention the sector needs to boost farmers’ income while ensuring a food-secure Philippines. In Senate Resolution No. 55, Escudero underscored the need to assess the current state of […]
Senator-elect and Sorsogon Governor Chiz Escudero said he would like to see the speedy passage of the government’s P5.2-trillion spending package for 2023 to pump prime the economy and provide the much-needed assistance to small businesses and the agriculture sector still hurting from the lingering effects of the COVID-19 pandemic. “Matagal ko nang sinasabi na […]
Sorsogon Governor Chiz Escudero is asking the Commission on Elections (COMELEC) to present its contingency plan in case of a power outage during the May 9 voting, and the period of counting and canvassing. With power supply barely keeping up with demand during the summer months, Escudero said the COMELEC cannot leave anything to chance […]
The Senate has ratified the bicameral conference committee report on a bill increasing the Bangko Sentral ng Pilipinas’ (BSP) capitalization from P50 billion to P200 billion and strengthening its regulatory powers. “The bicameral conference committee adopted en toto the Senate version except for one amendment. They removed the tax provision that will go to the […]