PRESIDENT Ferdinand R. Marcos, Jr. signaled his intent to certify as urgent a measure that will digitalize the bureaucracy to his business-sector advisors. The Palace also announced that Mr. Marcos is pushing the Senate to act on the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement. Mr. Marcos made his intent to certify […]
Tag: bills
Congress to tackle top bills as sessions resume
THE PHILIPPINE Congress resumes sessions on Monday after a month-long holiday break, with lawmakers vowing to work double time in passing priority bills of the Marcos government. Bills that seek to hasten the country’s digital transformation such as the proposed E-Governance Act will top the list of priorities of the House of Representatives, Speaker Ferdinand […]
Party-list rep seeks urgent certification on bills to lower fuel prices
A PARTY-LIST representative on Monday called on President Ferdinand R. Marcos, Jr. to certify as urgent several bills that lower oil prices to help consumers burdened by inflation. An urgent certification from the president means these bills can be fast-tracked by being passed on third reading immediately after the second reading. “Malacañang and the legislative […]
Marcos urges Congress to fast-track bills digitalizing PHL bureaucracy
PRESIDENT Ferdinand R. Marcos, Jr. on Wednesday asked lawmakers to quickly approve bills seeking to digitalize the Philippine bureaucracy. He made the appeal as he raised concern about the Philippines’ ranking in an e-government index by the United Nations, saying the country has experienced a “regression.” Speaking at an information and communications technology summit attended […]
House panel approves bills for establishment of cultural centers in Baybay City, Mt. Province
A HOUSE of Representatives committee on Tuesday approved bills that seek to establish cultural centers and museums in two areas, one in Baybay City, Leyte and another in Mountain Province. The Committee on Basic Education and Culture approved House Bills 416 and 448 subject to amendments suggested by the National Commission for Culture and the […]
Britain to borrow big again to ease energy shock
LONDON — Britain’s new leader, Liz Truss, on Thursday capped soaring consumer energy bills for two years to cushion the economic shock of war in Ukraine with measures likely to cost the country upwards of 100 billion pounds ($115 billion). With Britain facing a lengthy recession sparked by a near quadrupling of household energy bills, […]
Calderon set to file 7 House bills in 19th Congress
REVISING the charter of the Cebu Technological University (CTU) into a university system and converting the CTU extensions in the southwestern Cebu towns of Ginatilan, Malabuyoc and Dumanjug into regular campuses are among the priority bills that Rep. Peter John Calderon of Cebu 7th District will submit to the House of Representatives on Tuesday, July […]
Bangko Sentral starts trial circulation of P1,000 polymer banknotes
THE CENTRAL BANK started its phased issuance of limited polymer P1,000 bills for trial circulation to lenders last week. In a statement on Tuesday, the Bangko Sentral ng Pilipinas (BSP) said 10 million pieces of the new bills or 2% of total polymer notes to be circulated were made available to the public. “This is […]
Central bank raises P140 billion from 28-day securities
THE CENTRAL BANK fully awarded the 28-day bills it offered on Monday as accepted rates went down after the government’s latest bond issuance. The Bangko Sentral ng Pilipinas (BSP) awarded P140 billion in one-month bills as planned as its offer was oversubscribed, with demand hitting P158.525 billion. However, this was lower than the P186.385 billion […]
BSP raises P130B from offering of 28-day bills
THE BANGKO Sentral ng Pilipinas (BSP) raised P130 billion as planned via its offer of short-term bills on Monday, even as accepted rates rose amid concerns over Russia’s invasion of Ukraine and its impact on oil prices. The BSP’s 28-day securities were oversubscribed as the offer fetched bids amounting to P135.4 billion. However, this was […]
Meralco says customers save P3.2B on electricity payment relief
THE Manila Electric Co. (Meralco) said about 95,000 of its customers saved around P3.2 billion on their electricity bills last year when the company provided payment relief at the height of the quarantine restrictions. In a news release on Tuesday, Meralco Vice-President for Corporate Communications Joe R. Zaldarriaga said the power provider understands “the need […]
Jaguars stun Bills in low scoring game
MATTHEW Wright kicked three field goals on Sunday, and the host Jacksonville Jaguars stifled the Buffalo Bills’ top-ranked scoring offense to produce a 9-6 upset. Wright’s 21-yarder with 12:10 left in the game snapped a 6-6 tie, and the Jacksonville defense did the rest. The Jaguars sacked Josh Allen four times, including Dawuane Smoot’s 9-yard […]
Manila Water to prequalify contractors for Wawa water treatment plant
EAST ZONE water concessionaire Manila Water Co., Inc. announced a prequalification process for contractors seeking to participate in the design and construction of a water treatment plant in Antipolo City. The company said Thursday that potential bidders to send a letter of intent on or before Nov. 26 for the Wawa Water Treatment Plant contract, […]
BSP raises P100 billion via 28-day bills
THE CENTRAL BANK made a full award of the short-term securities it offered on Friday as rates declined as the government kept Metro Manila under strict quarantine measures. The Bangko Sentral ng Pilipinas raised P100 billion via the 28-day bills it auctioned off on Friday out of bids worth P153.98 billion, nearly twice as much as the offer […]
House clears Manila Water, Maynilad franchise bills
LAWMAKERS at the House of Representatives have approved on Tuesday measures to grant the franchises of Manila Water Co., Inc. and Maynilad Water Services, Inc. on third and final reading. Voting 206-7-0 for both bills, they approved House bills 9422 and 9423, which grant separate 25-year congressional franchises to the two companies. If legislated, these […]
Duterte urges Congress to pass remaining tax reform bills
Philippine President Rodrigo R. Duterte on Thursday night urged the Congress to pass his administration’s last two tax reform bills. In his speech during the ceremonial signing of several bills in Malacañang, Mr. Duterte called on Congress to ensure the passage of two more measures under the Comprehensive Tax Reform Program. The proposed Real Property […]
Maybank teams up with Bayad to boost bill payment facility
MAYBANK Philippines, Inc. (Maybank) has teamed up with CIS Bayad Center, Inc. (Bayad) to expand its bills payment services for its clients. Through the partnership, users of Maybank2U PH will be able to settle payments to over 300 billers that are part of Bayad’s network. “The integration of our platforms allows us to combine strengths, […]
BSP fully awards 28-day bills
The Philippine central bank raised P100 billion from its auction of short-term securities on Friday even as rates rose on hints by the US central bank of a looming interest rate increase in 2023. The Bangko Sentral ng Pilipinas (BSP) fully awarded the 28-day bills from total bids worth P140.525 billion. The auction was 1.4 […]
Rates of Treasury bills to move sideways on lack of fresh leads
RATES of the Treasury bills (T-bills) on offer on Monday will likely move sideways and track US yields amid the lack of fresh leads. The Bureau of the Treasury (BTr) is looking to raise P25 billion via its offer of Treasury bills (T-bills) on Monday, broken down into P5 billion from the 91-day securities, P8 […]
Vax populi
While the government and the private sector continue to directly source COVID-19 vaccines for Filipinos, senior executives of Republic Gas Corp. (Regasco) and South Pacific, Inc. (SPI) launched a three-pronged vaccination plan for their 3,000-strong workforce dubbed as “Secure. Promote. Initiate.” Both owned by the Ty family of Isabela, Regasco and SPI have been assisting […]