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Palace seeks quick, efficient budget passage

Malacañang has appealed to the Senate for a quick but efficient passage of the P4.506 trillion 2021 national budget which the House approved on third and final reading Friday night......»»

Category: newsSource: thestandard thestandardOct 17th, 2020

Palace expects approval of national budget this week

  BY GENALYN KABILING     Malacañang is confident about the passage of the proposed 2021national budget this week given the presence of the “super majority” in the House of Representatives after weeks of bickering. According to Presidential spokesman Harry Roque, the Palace has no qualms with the House decision to recall the second-reading approval […].....»»

Category: newsSource:  tempoRelated NewsOct 14th, 2020

Palace sees signing of budget by yearend

With President Duterte calling for a special session this week, there should be no more stumbling block to the passage of the P4.5-trillion budget for next year on or before Dec. 31, Malacañang said yesterday......»»

Category: newsSource:  philstarRelated NewsOct 10th, 2020

Palace sees no delay in budget passage

Palace sees no delay in budget passage.....»»

Category: entertainmentSource:  pepRelated NewsOct 7th, 2020

Palace hopeful 2021 budget bill will be passed on time

House leaders have given assurances that the issue over the chamber's leadership would not delay the passage of the budget......»»

Category: newsSource:  philstarRelated NewsSep 27th, 2020

DOF seeks swift passage of 2021 budget, economic measures

The Department of Finance (DOF) has sought the swift enactment by Congress of the proposed national budget for next year along with the economic priority measures to rebuild the economy and decisively defeat coronavirus. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) During a briefing for the Senate finance committee, Finance Secretary Carlos G. Dominguez III said the timely enactment of the P4.506 trillion 2021 national budget is a key component of the government’s comprehensive program under its economic bounce-back plan. On top of the budget, Dominguez also said that a “timely and decisive” passage of several economic priority measures are needed to accelerate economic recovery. The priority measures, now pending in Congress, include the Financial Institutions’ Strategic Transfer (FIST) Act, and the Government Financial Institutions’  Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) bill. FIST allows banks to dispose of bad loans and non-performing assets through asset management companies, while GUIDE seeks to allow state-run banks to form a special holding company that will infuse equity, with strict conditions, into strategically important companies facing insolvency.  Likewise, the finance chief urged the Senate to pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), which will  immediately lower the corporate income tax (CIT) rate from 30 percent to 25 percent. “The swift enactment of CREATE, FIST, GUIDE and the 2021 budget will serve to accelerate our economic recovery. We should not delay providing urgent and necessary relief to our people,” Dominguez said during the Development Budget Coordination Committee (DBCC) briefing. The DBCC is composed of the heads of the Department of Budget and Management (DBM), DOF, National Economic and Development Authority (NEDA), Bangko Sentral ng Pilipinas (BSP); and a senior representative from the Office of the President (OP). “We are committed to working closely with you on the recovery measures so that these can be enacted in a timely, decisive, and responsible manner,” Dominguez told members of the panel chaired by Senator Juan Edgardo Angara. He said the Duterte administration will continue to work with the legislature in passing the remaining packages of the comprehensive tax reform program (CTRP) that will, among others, institute reforms in property valuation and in the taxation of the financial sector. Dominguez said economic recovery also rests on sustaining President Duterte’s signature program “Build, Build, Build,” as sound infrastructure investments provide the largest multiplier effect on the economy in the form of more jobs creation,  increased consumption, and the generation of additional productive activities......»»

Category: newsSource:  mb.com.phRelated NewsSep 9th, 2020

Palace Welcomes Senate Passage of 2020 Budget

Malacañang on Wednesday hailed Senate’s unanimous passage of the proposed PHP4.1-trillion national budget for 2020 on third and final reading. Presidential Spokesperson Salvador Panelo said the proposed 2020 budget is needed to fund programs and projects that will accelerate investments in public infrastructure, improve anti-poverty measures, and intensify employment generation. He was hopeful that with […].....»»

Category: newsSource:  metrocebuRelated NewsNov 30th, 2019

Budget must be guarded vs insertions — Palace

Malacañang yesterday cited the need to watch out for possible “insertions” in the proposed P4.1-trillion budget for next year to prevent a repeat of the “painful” lessons from the delayed passage of the 2019 spending bill......»»

Category: newsSource:  philstarRelated NewsAug 26th, 2019

Palace seeks swift passage of death penalty, shift to federal gov’t

Malaca?ang is pushing for the swift approval of the proposed revival of the death penalty and Charter change for a shift to a federal form of government. ........»»

Category: newsSource:  philippinetimesRelated NewsJul 25th, 2016

Palace seeks swift passage of death penalty, shift to federal gov’t

Malacañang is pushing for the swift approval of the proposed revival of the death penalty and Charter change for a shift to a federal form of government......»»

Category: newsSource:  mb.com.phRelated NewsJul 25th, 2016

Palace hopes Bayanihan 2 funds released sooner

Malacañang yesterday expressed hope that funds for the Bayanihan to Recover as One Act or Bayanihan 2 would be released sooner, but maintained that the budget could still be used even after the law expires in December......»»

Category: newsSource:  philstarRelated News10 hr. 49 min. ago

‘Errata’ in 2021 budget should only correct typo errors, won t contain new items — Palace

The errata to the 2021 budget approved by the House of Representatives should only correct typographical errors and should not contain new items, Malacañang said Tuesday......»»

Category: newsSource:  philstarRelated NewsOct 20th, 2020

Palace wants Bayanihan 2 funds released sooner

Malacañang Tuesday expressed hope that the Bayanihan 2 funds would be released sooner but maintained that the budget could still be used even after the law expires in December......»»

Category: newsSource:  philstarRelated NewsOct 20th, 2020

Mandatory appointment of PENRO pushed

Recognizing that illegal logging activities remain rampant in some provinces, Siquijor Rep. Jake Vincent Villa has filed a bill seeking the mandatory appointment of Provincial Environment and Natural Resources Officer (PENRO). He filed House Bill No. 7382 to amend the Local Government Code by making mandatory instead of optional the appointment of PENRO. Villa sought to specifically amend Section 463 under Chapter 2, Title 4, Book 3 of Republic Act No. 7160, otherwise known as the Local Government Code of 1991, to ensure that there will be an official tasked to safeguard and promote environmental protection in the provinces. “As time passes, changes to the environment in all provinces become readily apparent. From once a land of flora and fauna turned concrete jungle of buildings and infrastructures. As changes occur, in particular, climate change transformation of some of our forests lands into virtual savannas aggravated by illegal logging activities have scalped off the precious cover that in the past has served as protection against rampaging rain water during the typhoon season,” Villa said.  “The government should be enjoined to protect and preserve our precious forest reserves to avoid destructive flooding,” Villa said.  “It is also for the same reasons that the government should designate an official who should be responsible for ensuring that the lands in every province are protected from wanton and illegal cutting of logs and that in areas where reforestation is needed, the same shall be undertaken to avoid destructive flooding in the future,” he added.  HB 7382 also seeks to amend Article 115 (b) of the Implementing Rules and Regulations (IRR) of RA No. 7160 by including PENRO in the list of appointive provincial officials. At present, there are only 13 mandatory appointive provincial officials – Secretary to the Sangguniang Panlalawigan, provincial treasurer, provincial accountant, provincial budget officer, provincial planning and development coordinator, provincial engineer, provincial health officer, provincial administrator, provincial legal officer, provincial agriculturist; provincial social welfare and development officer, provincial veterinarian, and provincial general services officer......»»

Category: lifestyleSource:  abscbnRelated NewsOct 19th, 2020

New-look House leadership off to a good start, say solons

House members can’t help but notice a sense of synergy between Speaker Lord Allan Velasco and Majority Leader Martin Romualdez in just their first few days of working together. Case in point, according to Cavite Rep. Elpidio Barzaga Jr., San Jose del Monte City Rep. Florida Robes, and Ang Probinsyano Party-list Rep. Alfred delos Santos, were the two important bills that the House leadership was able to deliver without a hitch during the conduct of special sessions this past week. The Majority Bloc solons were referring to the passage on third and final reading of measures House Bill (HB) No.7727, or the P4.506-trillion General Appropriations Bill (GAB) of 2021; and HB No.7884, or the proposed Act authorizing the President to expedite the processing and issuance of national and local permits, licenses and certifications. “The performance of the new leadership during special session was very commendable. This is a very encouraging sign in our mission to approve the legislative agenda of President Duterte,” Barzaga said. “The Velasco-Romualdez leadership (is) off to a good start,” added the veteran congressman and former Dasmariñas mayor. For her part, Robes said she is “extremely delighted that the leadership impasse in the House of Representatives had been resolved peacefully and amicably by our two honorable leaders, Lord Alan Velasco and former Speaker Alan Peter Cayetano.” “I look forward to a renewed, more united and inclusive leadership at the House of Representatives led by Speaker Velasco with Majority Leader Ferdinand Martin Romualdez. I believe that Speaker Velasco and Majority Leader Romualdez are both righteous and committed to steer the House of Representatives to new heights to become a more effective and responsive institution to serve the Filipino people especially in these trying times,” she stressed. On the other hand, Delos Santos believes that the new-look leadership of the Lower Chamber will continue to work beyond 2020 even as he praised his colleagues for passing next year’s budget bill. “We are very happy that it (GAB) already finished the third reading. Our goal is always to fast-track the process to help out fellow Filipinos. These are not normal times, and gusto po nating matugunan agad yung mga pangangailangan ng mga kababayan natin (we want to quickly address the needs of our people),” Delos Santos said. “We want to assure government agencies (will have enough) resources for them to be able to function in the new normal,” he added. The passage of HB No.7884 or the Anti-Red Tape Bill followed soon after the chamber gave its final nod to the 2021 GAB. Both had been certified as urgent by President Duterte......»»

Category: newsSource:  mb.com.phRelated NewsOct 18th, 2020

Velasco offers olive branch to Cayetano

Choice of deputy speaker or committee head SPEAKER Lord Allan Velasco is considering offering the deputy speakership to his rival and predecessor, Taguig-Pateros First District Rep. Alan Peter Cayetano. “He’s (Cayetano) the former speaker, and I truly believe that he deserves the position,” Velasco told reporters after the passage of the P4.5-trillion 2021 national budget […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 18th, 2020

Prioritize agri-business, Go tells DA

Senator Christopher Lawrence “Bong” Go, while he expressed support for the passage of the proposed 2021 budget of the Department of Agriculture, also urged the agency to step up efforts in ramping up agricultural trainings and businesses to help cushion the blow of the coronavirus disease (COVID-19) pandemic in the country. “I trust the department […] The post Prioritize agri-business, Go tells DA appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 17th, 2020

‘Work together as one majority to pass budget’

As “one majority,” the House of Representatives under the fresh leadership of Speaker Lord Allan Velasco will ensure the timely passage of the P4.5-trillion national budget for next year, as the special session called by President Duterte is seen to proceed smoothly with the end of the leadership tug-of-war in the chamber......»»

Category: newsSource:  philstarRelated NewsOct 13th, 2020

New leadership overturns 2nd reading passage of budget bill

The first order of business for the House of Representatives under the leadership of Speaker Lord Allan Velasco was to return to plenary debates the stalled P4.5-trillion national budget for 2021......»»

Category: newsSource:  philstarRelated NewsOct 13th, 2020

Velasco, Cayetano agree to work for swift passage of 2021 national budget

  BY GENALYN KABILING   House Speaker Lord Allan Velasco and his predecessor Taguig Rep. Alan Cayetano have agreed to work as “one majority” to facilitate the swift passage of the proposed 2021 national budget, Malacañang said Tuesday. The agreement was reached when President Duterte met with two lawmakers at the Malago clubhouse inside Malacanang […].....»»

Category: newsSource:  tempoRelated NewsOct 13th, 2020

Market declines slightly; Cemex, DITO lead losers

Stocks fell slightly Tuesday, weighed down by the speakership row in the Lower House that could delay the passage of the proposed 2021 budget......»»

Category: financeSource:  thestandardRelated NewsOct 13th, 2020