Balikbayan Box Law (BBL) OK to exempt most OFW cargo from taxes – Recto

19 January 2016, Comment are Off
Senate President Pro Tempore Ralph Recto today hailed the passage of the Customs Modernization and Tariff Act (CMTA) which raises to P150,000 the tax-exempt value of pasalubong cargo brought in or sent by overseas Filipinos. Although the provision on the tax treatment of...

IMPROVING SSS FINANCES SO IT CAN FUND BENEFITS INCREASE

18 January 2016, Comment are Off
Excerpts from Senate President Pro-Tempore Ralph G. Recto’s Sponsorship Speech of the SSS Pension Hike Bill INCREASE MEMBERSHIP BASE Pagpapalaganap na ang pagiging miyembro ng SSS ay magandang investment na malaki ang balik sa puhunan. With regard to funding the higher benefits,...

Recto reminds new LTO chief of new law requiring issuance of car plates, stickers in 1 week

17 January 2016, Comment are Off
Senate President Pro Tempore Ralph Recto is urging newly-appointed Land Transportation Office (LTO) chief Roberto Cabrera to familiarize himself with the “legally-binding” commitments LTO has made in the national budget for 2016 so he would know the agency’s deliverables. Recto...

218,639 positions in government vacant – Recto

16 January 2016, Comment are Off
Government was told to fill a “significant portion” of the officially reported 218,639 job vacancies in national government offices in order to ease joblessness, especially among the youth, which accounts for one in three unemployed. The call was made by Senate President...

Presidential backing, passage of CCT law needed to protect it from shift in political winds

15 January 2016, Comment are Off
To protect the Conditional Cash Transfer (CCT) program from “any shift in political winds,” the principal author of the bill institutionalizing the social protection program has asked President Aquino to certify it as urgent. Sen. Ralph Recto, principal author of two measures...

Statement on the President’s veto of the SSS Law

14 January 2016, Comment are Off
I suggest the President take executive action. The SSS law allows him to do so. For the sake of the pensioners, it should not be a choice between meron o wala. There should be a compromise amount which can be effected through executive action. If the President finds the P2,000...

Bicam OKs bills granting tax breaks to PWDs and local water districts

15 December 2015, Comment are Off
A Senate- House panel which fine-tuned bills granting tax breaks to persons with disabilities (PWDs) and local water districts today approved both measures for approval by both chambers and “possible signing by President Aquino before Christmas day.” Senate President Pro-Tempore...

Recto appeals to budget Bicam: Don’t touch P2.5 B hike for senior pension

01 December 2015, Comment are Off
The House-Senate panel that will hammer out the final version of the 2016 national budget met today with a Senate leader appealing to his House counterparts to leave the P2.5 billion the Senate has added to the budget for indigent seniors pension untouched. Senate President...