Due to conflicting estimates, Recto calls for audit of coco levy funds

15 December 2014, Comment are Off
Due to conflicting estimates on the value of the “coco levy fund”, Sen. Ralph Recto has called for an audit to determine the present worth of the multibillion-peso fund which grew out of the levy on copra sales during the Marcos period. “There are lots of numbers being bandied...

Teacher’s ‘chalk allowance’ to increase to P1,500 next year

24 November 2014, Comment are Off
The annual “chalk allowance” of public school teachers will go up from the present P1,000 to P1,500 next year, courtesy of a Senate amendment in the 2015 national budget, Senate President Pro Tempore Ralph Recto said today. “Chalk allowance “ is the popular term for the amount...

Senate OKs funding for 51,000 free WiFi spots

21 November 2014, Comment are Off
The Senate version of the 2015 national budget funds the setting up of free Wi-Fi spots all over the country so Internet access can aid learning, link farmers and traders to markets, and connect the public to information that will improve their lives. Senate President Pro Tempore...

DSWD to get P3.4 B for free meals for 2 M underweight kids

20 November 2014, Comment are Off
Government’s massive feeding program for undernourished children next year will cover even those not yet in school, as two million 2 to 5 year old tots will be fed healthy meals by the Department of Social Welfare and Development (DSWD), Senate President Pro Tempore Ralph Recto...

Budget needs rearview mirror

19 November 2014, Comment are Off
The 5,947-page national budget package may be as thick as an encyclopedia set, but it has one fault: It doesn’t tell what happened to funds appropriated in the previous national budget. Senate President Pro-Tempore cited this weakness of the current budgeting system in pushing...

Recto: Higher tax cap on 13th month pay merely recovers what was lost to inflation

19 November 2014, Comment are Off
The senator who introduced the amendment to raise to P82,000 the tax exemption cap for 13th month pay and other bonuses says the amount merely restores the value of the peso which has been lost to inflation since 1994. Sen. Ralph Recto, principal author of the bill increasing the...

Senate panel to fund full implementation of poor seniors’ pension

17 November 2014, Comment are Off
All indigent senior citizens will be covered by the social pension program once a Senate amendment to the 2015 national budget is signed into law. Senate President Pro Tempore Ralph Recto said the Senate Finance subcommittee he heads has recommended to increase next year’s...

Senate bill granting automatic PhilHealth coverage to senior citizens signed into law

11 November 2014, Comment are Off
The country’s more than six million senior citizens could now look forward to spending their robust years as bonafide members of the Philippine Health Insurance Corp. (PhilHealth) as President Aquino signed into law last week the measure granting automatic membership to them....