//
JAN
15
2018

SBN-1645: Converting LTO Licensing Center In Batangas Into A Regular Licensing Center

An Act Converting The Land Transportation Office (LTO) Licensing Center In The City Of Batangas, Province Of Batangas Into A Regular Licensing Center To Be Known As The LTO Batangas City Licensing Center Of Batangas City, Batangas And Appropriating Funds Therefor And For Other
COMMENT Off
DEC
17
2017

RA 10963: Tax Reform for Acceleration and Inclusion (TRAIN)

Republic of the PhilippinesCongress of the PhilippinesMetro ManilaSeventeenth CongressSecond Regular Session Begun and held in Metro Manila, on Monday, the twenty-sixth day of July, two thousand twenty-one. [REPUBLIC ACT NO. 11591] AN ACT AMENDING SECTIONS 5, 6, 24, 25, 27, 31,
DEC
06
2017

Bicam lowers estate tax, hikes deductions, relaxes rules in favor of heirs

The Senate and House conferees to the panel finalizing President Duterte’s proposed new taxes have agreed “to cut the rates and the requirements” on the estate tax, which is levied on a deceased person’s assets. Senate President Pro Tempore Ralph Recto said “billions in
COMMENT Off
DEC
05
2017

Law compels gov’t to demand refund for faulty dengue vaccines

Government has no choice but to follow the Procurement Law, which compels it to demand refund for the P3.5 billion in taxpayer’s money paid to the French manufacturer of ineffective dengue vaccines. Senate President Pro Tempore Ralph Recto said that under Republic Act 9184,
COMMENT Off
DEC
04
2017

DOH must ‘inoculate’ PH from supply-driven vaccines

In the wake of dengue vaccine flop, Health officials should guarantee that Filipinos are now “inoculated” from supply-driven vaccines whose efficacy has not yet been established, Senate President Pro Tempore Ralph Recto said today. “If there’s one lesson to be learned from t
COMMENT Off
DEC
04
2017

Senate shrinks ITR pages, cuts red tape, simplifies BIR procedures

The Senate version of the so-called TRAIN bill does not only cut income taxes but also the red tape in paying them, Senate President Pro Tempore Ralph Recto said today. The Senate action, Recto said, is contained in several amendments to the National Internal Revenue Code which,
COMMENT Off
DEC
04
2017

Reenacted budget fraught with landmines, makes Palace powerful

A reenacted budget arising from a House-Senate deadlock will result in a spending regime fraught with legal landmines, which will grant the executive branch wide discretion on how public money will be spent. This warning was aired by Senate President Pro Tempore Ralph Recto in
COMMENT Off
NOV
16
2017

SBN-1611: Fixing The Validity Period Of The License To Own And Possess, Permit To Carry Outside Of Residence Or Place Of Business And Registration Of Firearms

Fixing The Validity Period Of The License To Own And Possess, Permit To Carry Outside Of Residence Or Place Of Business And Registration Of Firearms, Amending For The Purpose Sections 7 And 19 Of Republic Act No. 10591, Otherwise Known As The “Comprehensive Firearms And
COMMENT Off
OCT
09
2017

‘Sycip was keeper of national ledger who told us that our assets are bigger than our liabilities’

The country has many Taipans but one true business titan, and that was Washington Sycip. His counsel was most sought after, his advice prized, that even among competing interests he was a shared resource, because having his name on the board is in itself a seal of good
COMMENT Off
OCT
08
2017

Recto bats for P15 B more for Marawi rebuild

Senate President Pro Tempore Ralph Recto is proposing that Malacañang be given a standby fund of P15 billion for Marawi reconstruction, on top of the P10 billion that is already in the 2018 national budget bill. Recto said the additional P15 billion for the rehabilitation of the
COMMENT Off