Recto defends Duterte economic team on federalism

MANILA, Philippines – Senate President Pro-Tempore Ralph Recto defended President Rodrigo Duterte's economic managers in the face of a call  to dismiss them for opposing federalism. "You don't shut them out of the discussions. You bring them in because the cost of federalism is front and center of the issue," Recto ........»»

Category: newsSource: rappler rapplerAug 12th, 2018

Economic team sets meet on federalism

Amid concerns that the fiscal provisions of the draft federal Constitution were unclear, the Duterte administration's economic team will meet this week to come up with unified assumptions on the cost of shifting to a federal form of government. Undersecretary Rosemarie G. Edillon of the National Economic and Development Authority (Neda) told reporters that the meeting on Aug. 29 would be attended by the economic managers. Cost of federalism While the Neda already had its own report containing assumptions on the cost of federalism, Edillon said that "we defer to the DBM (Department of Budget and Management) as the final authority on the numbers." "What we can do is inform [the...Keep on reading: Economic team sets meet on federalism.....»»

Category: newsSource:  inquirerRelated NewsAug 26th, 2018

Duterte ally steps up criticisms on federalism

MANILA: A close ally of President Rodrigo 'Rody' Duterte who also heads his economic team, stepped up his criticisms on the proposed controversial shift to a federal form of government, w.....»»

Category: newsSource:  manilanewsRelated NewsAug 12th, 2018

Show data to support BBL’s ‘awesome’ fiscal powers—Recto

Saying that the “law is in the details,” Senate President Pro Tempore Ralph Recto yesterday pressed the government to submit “the economic fine print” that will underpin the proposed Bangsamoro government’s fiscal autonomy.In a request coursed through Sen. Juan Miguel Zubiri, Recto sought “facts and figures that will bolster the financial feasibility” of the Bangsamoro self-ruled homeland.Recto said the submission of these will clarify ambiguities in the provisions in Bangsamoro Basic Law bill, and “hasten its passage in the Senate.””Like any bill, if you scratch the surface of a provision of the BBL, you will find the price tag underneath,” Recto said.Among the data Recto has requested are “national revenue collections in ARMM since its creation to the present, as well as budget utilization of ARMM, including relevant financial statements, from the time it was created.”Included in the request are “budget allocations and subsidies lodged in different national government agencies, earmarked and off-budget revenue sources.”“The purpose is to find out if past allocations to ARMM were at levels sufficient to meet the imperatives of growth, because if these are historically lacking, then we are properly informed not to commit the same mistakes with the future Bangasamoro government,” Recto said. In his letter to Zubiri, Recto also sought additional data on the formula used in computing and allocating the proposed Annual Block Grants, “funds which are to be automatically appropriated and released by the national government.” For 2019, the Block Grant is pegged at P72 billion. “What then is the revenue basis used in setting this amount?” Recto said.Recto likewise requested “elaboration” on the nature of the Special Development Fund, or SDF, which has been pegged at P100 billion for 20 years, P10 billion of which shall be given by the national government the year following the ratification of the BBL.“What is the basis for the SDF? What are examples of projects to be funded by this?” Recto said.He also asked for the “negative list of projects or programs” which cannot be funded by the block grant or by the SDF.Recto also requested for social and economic indicators at all levels of the present ARMM, and “programs that will result in better socio-economic numbers.”He said that BBL proponents in the executive branch should also submit a comparative matrix between Republic Act 6734 (ARMM Organic Act), Republic Act 9054 (Amended ARMM Organic Act), and the BBL.“A side-by-side tale of tapes, comparing past, current models, and the future one would help us create the best BBL which will encapsulate all our dreams and visions for a peaceful, progressive South,” Recto said.The senator reiterated his support “for a constitutionally-compliant, fiscally-responsible, grassroots-accepted organic law for the autonomous region.”Speaker: PDP to campaign vs poll bets against federalismSpeaker Pantaleon Alvarez yesterday said the ruling Partido Demokratiko Pilipino (PDP) will actively campaign against candidates for senator and other elective positions in the 2019 elections who are opposed to a federal system of government.Speaking before over 3,000 new members of the PDP at the Datu Lipus Makapandong Cultural Center, Alvarez urged the people in the province to support the advocacy of President Duterte and the PDP for a shift to a federal system of government, which he said would open up the development potential of the provinces and the regions.“I have one request, please don’t vote for candidates, particularly for senator, who are opposing federalism,” Alvarez told the new PDP members composed practically of the entire local officials of the province led by Agusan Del Sur Gov. Edward Adolph Plaza, 2nd District rep. Evelyn Mellana and 1st District Rep. Maria Valentina Plaza.With the mass oath-taking, the province of Agusan del Sur became the newest addition to the PDP country.In interview with the local media after the event, Alvarez explained his call against anti-federalism candidates.Alvarez said the ruling party was pushing for federalism to ensure inclusive development, particularly of the poor and neglected areas of the country.Alvarez said it was also time to elevate the political maturity of the nation by focusing the campaign on issues instead of the old practice of politics based solely on popularity or personality.He dared the senatorial hopefuls for the 2019 elections to make a clear stand on the issue of federalism.Alvarez said that if a candidate was opposed to federalism then he was clearly against the interest of provinces and regions.Accompanying Alvarez in the event were Davao City 1st District Rep. Karlo Nograles and Oriental Mindoro 2nd District Rep. Reynaldo Umali, whom the Speaker said would be included in the senatorial slate of the administration party for the 2019 senatorial contest.Earlier, Alvarez said that among the benefits of federalism was that the regions or states would retain the lion’s share of the taxes, instead of having to make do with the meager share the central government was currently sending back to the provinces.He said it was crucial to achieve a shift to a federal system of government within the term of President Duterte, who was the only presidential candidate in the 2016 elections who pushed for a federal system of government.Kimberly Otaza, 26, municipal councilor of Loreto, Agusan Del Sur, who was among the new PDP members, said she fully embraces the idea of federalism.Another new PDP member, 45-year old Duric Gavino, a barangay kagawad of Brgy. Poblacion, Prosperidad town of the province, also expressed support for a shift to a new form of government.Gavino added that he was thankful that President Duterte and the PDP are pushing for a shift to a federal form of government.“So, we thank the President. We support federalism.” he stressed.  .....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

Duterte s economic team asks Comelec to spare ‘Build, Build, Build’ from election spending ban

President Rodrigo Duterte’s economic managers asked the Commission on Elections to exempt key infrastructure projects from the public works ban ahead of the May 13 midterm polls in a bid to prevent delays and to minimize slowdown in economic growth......»»

Category: newsSource:  philstarRelated NewsFeb 20th, 2019

Palace defends Duterte’s Senate slate

It's more of a presidential slate than an administration ticket for the senatorial elections in May. On the eve of the start of the campaign for national candidates, the Duterte administration still had no full slate for the 12 Senate seats up for grabs in the midterm elections. It was a departure from the full slate of the Aquino administration's Team P-Noy in 2013 and the ticket of the Arroyo administration's Team Unity in 2007. President Rodrigo Duterte told reporters on Jan. 23 that he would have his own personal ticket because it was "the right thing to do." Mr. Duterte's 11 So far, the President has endorsed 11 senatorial aspirants --- four of the five candidates...Keep on reading: Palace defends Duterte’s Senate slate.....»»

Category: newsSource:  inquirerRelated NewsFeb 12th, 2019

Delay in 2019 budget approval hurting economy, says Finance chief | Inquirer Business

The head of the Duterte administrations economic team sees the economy taking a hit from the delay in approving the proposed P3.757-trillion 2019 national budget, forcing the government to operate und.....»»

Category: newsSource:  philippinetimesRelated NewsJan 28th, 2019

Duterte not giving up on federalism

President Duterte is not abandoning his bid to change the form of government from presidential to federal, although he is open to the possibility that only some economic provisions of the 1987 Constitution might be amended, Malacañang said yesterday......»»

Category: newsSource:  philstarRelated NewsJan 21st, 2019

Dominguez pitches solar power plant in New Clark City | Inquirer Business

The head of the Duterte administrations economic team has sought possible assistance from an arm of the Washington-based World Bank Group for a solar power plant in the soon-to-rise New Clark City. Th.....»»

Category: newsSource:  philippinetimesRelated NewsJan 11th, 2019

Economic diplomacy

Even before taking up the post of Philippine Ambassador to Washington, D.C., we have already been assisting our economic team, headed by Finance Secretary Sonny Dominguez, in promoting the Duterte administration’s economic development program......»»

Category: newsSource:  philstarRelated NewsDec 29th, 2018

Duterte, Cabinet OK fuel tax hike

Amid the highest inflation rate in many years, President Duterte approved at a Cabinet meeting last night the recommendation of his economic team to proceed with the fuel excise tax increase next year......»»

Category: newsSource:  philstarRelated NewsDec 4th, 2018

Duterte to talk to Cabinet on fate of fuel excise tax hike in 2019

  President Rodrigo Duterte on Monday said he will consult his Cabinet before he decides on his economic managers' plan to push through with the scheduled fuel excise tax increase next year. "We will discuss it (on the Cabinet meeting tomorrow)... It's a collegial body so we have to arrive at a consensus how it could affect -- how it would impact on each and every aspects of the life of the community and that can be articulated by the Cabinet members," Duterte told reporters in an interview in Malacaang. Asked if a decision will be made after Tuesday's Cabinet meeting, Duterte said: "Not necessarily." The Duterte administration's economic team had initially recommend...Keep on reading: Duterte to talk to Cabinet on fate of fuel excise tax hike in 2019.....»»

Category: newsSource:  inquirerRelated NewsDec 3rd, 2018

Palace defends economic team on fuel excise tax hike redux - Sun.Star

Palace defends economic team on fuel excise tax hike redux - Sun.Star.....»»

Category: newsSource:  googlenewsRelated NewsDec 3rd, 2018

DBCC back-pedals, now OKs higher fuel excise taxes in 20l9 |

The Duterte economic team has decided to recommend to the President to allow the second tranche of oil excise tax increase in 2019. The post DBCC back-pedals, now OKs higher fuel excise taxes in 20l9.....»»

Category: newsSource:  philippinetimesRelated NewsNov 29th, 2018

DOF: No danger of China debt trap | Inquirer Business

The head of the Duterte administrations economic team reiterated Monday that the Philippines will not fall into a debt trap as it turns to China and Japan to finance the Duterte administrations ambiti.....»»

Category: newsSource:  philippinetimesRelated NewsNov 27th, 2018

Econ team pitches PH growth story to UK

The economic team expects more British investments to come in and take advantage of the business-friendly reforms put in place by the Duterte administration thus far.   During a Philippine economic briefing held in London Tuesday, Finance Secretary Carlos G. Dominguez III said the government would lure in more investors in the coming years, especially if the foreign ownership caps on a number of sectors were lifted.   "A more liberal Foreign Investments Negative List has been forwarded to the President for his consideration. All these combine to transform our growth towards one that is investments-led," Dominguez said. The release of the latest FINL has already been...Keep on reading: Econ team pitches PH growth story to UK.....»»

Category: newsSource:  inquirerRelated NewsSep 27th, 2018

Du30 s economic team going to London to woo investors

The Duterte administration's economic team will be in London this week to entice UK businessmen to invest in the Philippines' energy, infrastructure and tourism sectors. Socioeconomic Pla.....»»

Category: newsSource:  philippinetimesRelated NewsSep 25th, 2018

No off-cycle rate hike

Finance Secretary Carlos Dominguez III(File photo by JOAN BONDOC / Philippine Daily Inquirer) The head of the Duterte administration's economic team on Friday ruled out an emergency meeting by.....»»

Category: newsSource:  philippinetimesRelated NewsSep 16th, 2018

‘No off-cycle rate hike’

The head of the Duterte administration's economic team on Friday ruled out an emergency meeting by authorities to tackle the possibility of raising interest rates to fight inflation ahead of the scheduled monetary policy meeting later this month. Also, Finance Secretary Carlos Dominguez III and Budget Secretary Benjamin Diokno both told reporters that the country was not experiencing a "crisis" from the prevailing high consumer prices, with the latter assailing critics who describe the over nine-year high rate of 6.4 percent in August as "runaway inflation." Dominguez, Diokno and Socioeconomic Planning Secretary Ernesto Pernia briefed Senate finance committee chair Sen. Loren L...Keep on reading: ‘No off-cycle rate hike’.....»»

Category: newsSource:  inquirerRelated NewsSep 15th, 2018

Onset of early election fever

The economic team of President Rodrigo Duterte will have to work double time if they want to see the passage into law at the 17th Congress of the second package of the proposed tax reforms program dubbed as Tax Reform for Attracting Better and High-Quality Opportunities, or TRABAHO bill......»»

Category: newsSource:  philstarRelated NewsSep 13th, 2018

Pernia: Duterte to issue EO implementing measures to reduce consumer prices

To ease high consumer prices, President Rodrigo Duterte will be issuing an executive order (EO) to implement the measures approved by the economic team last week. During last night's Cabinet m.....»»

Category: newsSource:  philippinetimesRelated NewsSep 13th, 2018