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Senate OK’s bill on innovative start-ups

THE SENATE on Wednesday passed on third and final reading the proposed innovative start-ups law, a priority measure which aims to provide start-up entrepreneurs tax breaks and other forms of assistance. Senate Bill No. 1532, authored by Senator Paolo Benigno A. Aquino IV, was approved with 18 affirmative votes, no negative vote, and zero abstention. […] The post Senate OK’s bill on innovative start-ups appeared first on BusinessWorld......»»

Category: newsSource: bworldonline bworldonlineMay 16th, 2018

Senate approves tax amnesty bill on final reading

MANILA, Philippines – The Senate on Monday, November 19, approved Senate Bill No. 2059, which seeks to allow a one-time opportunity to settle tax obligations. Senate ways and means committee chairman Juan Edgardo Angara said the bill would serve as a "fresh start" for Filipinos. If passed into law, ........»»

Category: newsSource:  rapplerRelated NewsNov 19th, 2018

Senate approves bill granting gov t support for innovative startups

MANILA, Philippines – The Senate on Wednesday, May 17, approved the bill that aims to give entrepreneurs a better chance of succeeding by providing them ........»»

Category: newsSource:  rapplerRelated NewsMay 17th, 2018

Senate OKs bill seeking to support innovative startups

Sen. Bam Aquino (Photo from his media office) The Senate on Wednesday passed on third and final reading a measure that seeks to support innovative startups through financial subsidies like tax brea.....»»

Category: newsSource:  philippinetimesRelated NewsMay 17th, 2018

Senate lists bills to tackle when session resumes May 15

Senate Majority Leader Vicente C. Sotto III on Thursday, April 26, identified 24 bills which the Senate aims to pass on third and final reading once it resumes session on May 15. In a copy given to the media, the proposed measure included the following: • Senate Bill No. 1532 or the proposed Innovative Startup […] The post Senate lists bills to tackle when session resumes May 15 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 26th, 2018

Senate extends session hours this week

The Senate will extend its session hours this week as senators were expected to continue debating on amendments to the comprehensive tax reform bill. Senate President Aquilino Pimentel III said the chamber would hold sessions at 10 a.m. today, adding that senators were all willing to start in the morning, especially this week. "We will play it by ear," Pimentel said. Sessions last week saw senators debating and voting on specific amendments to the proposed Tax Reform for Acceleration and Inclusion (Train) that Malacaang wants passed along with the proposed 2018 national budget before Congress goes on recess on Dec. 15. Congress has only nine session days to work on the two me...Keep on reading: Senate extends session hours this week.....»»

Category: newsSource:  inquirerRelated NewsNov 26th, 2017

How Trump’s health care loss will shape his presidency – CNN News

The fate of Donald Trump's presidency may hinge on what he does next. His failure to convert the core campaign promise of repealing and replacing Obamacare &'8212; even with a GOP monopoly on power in Washington &'8212; has left the White House reeling. Trump and his advisers must now regroup and try to figure out how to avoid another legislative debacle on their next big issue, tax reform. They will do so knowing that a second failure could throttle his presidency. Once, Trump's aides viewed health care reform, presumably an easy early win, as a way to deliver momentum to his presidency and to build toward more sweeping change picked from his ambitious agenda. But the effort's ignominious defeat Friday has severely weakened the President, electrified Democrats and left Trump's declarations that he is the ultimate dealmaker who can change Washington looking increasingly hollow. Trump surprised some of those close to him with his reaction to Friday's health care collapse. He did not vent or rage. Instead in the Oval Office afterward Trump was &'8220;sullen and quiet&'8221; as he contemplated his first blow, dealt by the Washington swamp he had vowed to drain, one insider source said. The President was well aware he failed to deliver on an issue that stirs the passions of his political base. He was also mindful that the health care disaster would make his quest to tackle a behemoth tax package that much more difficult, the source said. Indeed, the early failure means that hundreds of billions of dollars in federal savings that the White House had earmarked to bankroll a tax code overhaul are nowhere to be seen. &'8220;It makes everything harder moving forward,&'8221; one Trump adviser said. Another senior administration official told CNN's Gloria Borger that tax reform could now have to be a &'8220;smaller version,&'8221; than originally planned and the problem would be explaining to the public that because the repeal of Obamacare didn't happen, there's &'8220;a trillion dollars less to deal with.&'8221; Already casting an eye toward the midterm elections, which typically hurt the President's own party, some of Trump's advisers fear Obamacare's underdog survival will provide a rallying point for their political foes. &'8220;Democrats will feel emboldened and their base will feel emboldened,&'8221; a senior administration official said. As the White House grasps for a bounce back strategy, his team must take another look at one of the most important questions that Trump faced when he took power, one lent more urgency by his humiliation over health care. They must consider whether his brand as an outsider &'8212; with broad strokes politics that exacerbates grievances, has little time for dissenters and is anchored around his imposing, unpredictable personality &'8212; can actually prosper in Washington. Ironically, it was the same forces of inertia and division in the capital that soured Trump's voters on the political establishment and helped elevate him to power that combined to defeat him in his first legislative venture. &'8220;I think what happened is that Washington won,&'8221; said Trump's budget director Mick Mulvaney, in a frank moment Sunday on NBC's &'8220;Meet the Press.&'8221; &'8220;I think the one thing we learned this week is that Washington was a lot more broken than President Trump thought that it was,&'8221; said Mulvaney, adding &'8220;the status quo wins and, unfortunately, the folks back home lost.&'8221; Mulvaney's comments marked a stunning admission, given that he works for a President who brashly predicted he knew politics better than the politicians and would soon bring the city to heel with his negotiating flair and mastery of sealing a deal. Instead, two-thirds of the way through his crucial First 100 days, Trump is nowhere near any significant legislative victory. And health care reform's failure is not his only problem. His travel ban on citizens on a list of predominantly Muslim nations has twice been turned back by the courts. His budget, which features steep cuts in diplomacy spending to finance an increase for the military, is facing stiff resistance in Congress. A building intrigue over his campaign's ties to Russia is clouding the White House's mood. It now appears that the most tangible success of Trump's first months in office will be the expected confirmation of his Supreme Court pick, Judge Neil Gorsuch &'8212; though even that will further polarize Washington. Republicans are vowing to invoke the &'8220;nuclear option&'8221; by changing Senate rules so that Gorsuch can be confirmed with 51 votes, along party lines, rather than with the super-majority traditionally required for nominees to the nation's top bench. In one sense, it should not be surprising that Trump is struggling. He is the most inexperienced new president in history, and lacks the political networks and insider contacts that most commanders-in-chief take for granted when they take office. Capitol Hill sources report that the President appeared unfamiliar with the in-depth details of the health care bill, as he tried to move votes in meetings with holdout Republican lawmakers. And while his processor, Barack Obama, spent months marshaling Obamacare through Congress, Trump tried to ram through the repeal bill in a matter of weeks. That was part of a White House strategy to get a fast start in the First 100 Days to create a shock-and-awe sense of momentum. But the tactic appears to have backfired &'8212; especially in the case of Obamacare and the travel ban where too little time was spent assessing the political and [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMar 27th, 2017

Pimentel urges BTC to work “double time” on draft Bangsamoro law

PASAY CITY (MindaNews/ 01 March) &'8212;  The expanded Bangsamoro Transition Commission (BTC) that will draft the Bangsamoro Basic Law (BBL) &'8220;should now start working&'8221; and work &'8220;double time&'8221; to submit their draft to Congress by July, Senate President Aquilino Pimentel III said, adding that passing a &'8220;bill into law is easier than (shifting from) old [&'].....»»

Category: newsSource:  mindanewsRelated NewsMar 1st, 2017

Senate tackles death penalty bill in January

MANILA, Philippines - The Senate will start its debates on proposals to revive the death penalty this January following the House panel’s approval of a bill.....»»

Category: newsSource:  philstarRelated NewsDec 9th, 2016

Senate, House reach consensus on Road Board abolition

The Senate and the House of Representatives have agreed to come up with a revised version of a bill abolishing the Road Board, which Congress aims to submit to President Duterte for signing into law in the coming days......»»

Category: newsSource:  philstarRelated News38 min. ago

Senate to remove P8 billion right-of-way funds in 2019 budget

MANILA, Philippines – Senators have agreed on Wednesday, January 16, to remove some P8 billion worth of right-of-way acquisition funds from the proposed budget of the Department of Public Works and Highways (DPWH). During the Senate deliberations on the 2019 General Appropriations Bill, Senator Panfilo Lacson revealed that of P20.6 ........»»

Category: newsSource:  rapplerRelated News1 hr. 50 min. ago

DOJ denies Rappler Holdings and Maria Ressa appeal over tax charges | Evening wRap

Today on Rappler: The Department of Justice or DOJ denies the appeal of Rappler Holdings Corporation and its president Maria Ressa over 4 counts of alleged failure to supply correct information in the tax returns, and one count of tax evasion. The Senate and the House of Representatives finally arrives at a compromise on the bill abolishing the ........»»

Category: newsSource:  rapplerRelated News1 hr. 50 min. ago

Hontiveros seeks absolute divorce in PH | The Manila Times Online

SEN. Risa Hontiveros filed a measure legalizing absolute divorce in the country. The senator on January 14 filed Senate Bill 2184, which allows divorce as she noted that the PhilippinesREAD The post H.....»»

Category: newsSource:  manilanewsRelated News5 hr. 37 min. ago

Congress ends deadlock on Road Board abolition

MANILA, Philippines – After a weeks-long standoff , the Senate and the House of Representatives arrived at a compromise on the bill abolishing the graft-riddled Road Board.   The House approved the amended House Bill (HB) 7436 on second reading on Wednesday, January 16, a day after House ........»»

Category: newsSource:  rapplerRelated News13 hr. 50 min. ago

3 lawmakers eye ‘quick’ bicam on Road Board abolition

THREE lawmakers from the Senate and the House of Representatives agreed that a quick bicameral (bicam) meeting on the Road Board Abolition bill was possible and that this proposal would…READ The post 3 lawmakers eye ‘quick’ bicam on Road Board abolition appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated News15 hr. 16 min. ago

Hontiveros seeks ‘absolute divorce’ in PH

SEN. Risa Hontiveros filed a measure legalizing “absolute divorce” in the country. The senator on January 14 filed Senate Bill 2184, which allows divorce as she noted that the Philippines…READ The post Hontiveros seeks ‘absolute divorce’ in PH appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated News15 hr. 16 min. ago

Hontiveros asked for support for senior citizen pension bill Manila Bulletin News

Hontiveros asked for support for senior citizen pension bill Manila Bulletin Opposition Senator Risa Hontiveros asked on Tuesday the cooperation of her colleagues in Congress to pass her Senate bill.....»»

Category: newsSource:  manilanewsRelated News17 hr. 50 min. ago

3 lawmakers eye quick bicam on Road Board abolition | The Manila Times Online

THREE lawmakers from the Senate and the House of Representatives agreed that a quick bicameral (bicam) meeting on the Road Board Abolition bill was possible and that this proposal wouldREAD The post 3.....»»

Category: newsSource:  manilanewsRelated News17 hr. 50 min. ago

Hontiveros asked for support for senior citizen pension bill

Opposition Senator Risa Hontiveros asked the cooperation of her colleagues in Congress to pass her Senate bill which seeks to create a universal social pension system for all senior citizens or those 65 years old and above to help elderly Filipinos meet their daily needs. Hontiveros asked for support for senior citizen pension bill Source link: Hontiveros asked for support for senior citizen pension bill.....»»

Category: newsSource:  manilainformerRelated News20 hr. 50 min. ago

Swift ‘paper bicam’ eyed on Road Board abolition

The Senate set yesterday conditions before it would accede to the request of the House of Representatives to reconvene the bicameral conference committee to put in amendments to the bill abolishing the corruption-tainted Road Board. Source link link: Swift ‘paper bicam’ eyed on Road Board abolition.....»»

Category: newsSource:  manilainformerRelated NewsJan 15th, 2019

Senate OKs bill declaring Jan. 17 as ‘James Gordon Day’

The Senate has passed on third and final reading the bill declaring January 17 of every as a special non-working holiday in Olongapo City and Subic Bay Freeport Zone. Senate OKs bill declaring Jan. 17 as ‘James Gordon Day’ Source link: Senate OKs bill declaring Jan. 17 as ‘James Gordon Day’.....»»

Category: newsSource:  manilainformerRelated NewsJan 15th, 2019