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Senator Sonny Angara said he is considering a fairer and more reasonable excise tax on sugar-sweetened beverages, which would be more effective in curbing the prevalence of diabetes and obesity in the country. The tax reform measure recently passed by the House of Representatives (HOR) includes a provision imposing a P10 excise tax on […]
The Philippines remains a preferred global investment destination as evident in the investment projects registered with the Board of Investments (BOI). Trade Secretary and BOI Chairman Ramon Lopez announced a 25% increase in the value of registered investments for the first five months of the year compared with the same period in 2016, growing […]
In observance of the World Day Against Child Labor, Senator Loren Legarda said that ending child labor is a must, stressing the right of children to a life free from violence, exploitation and abuse. According to the United Nations, around 168 million children remain trapped in child labor and many of them live in […]
Senate President Koko Pimentel lll said he would seek a legislative inquiry into the alleged computer glitch that hit the financial system of the Bank of the Philippine Islands (BPI) Monday, causing inconvenience and panic among several bank clients. Pimentel said that the “internal data processing error” which the BPI admitted to have ruptured […]
The House Committee on Cooperatives Development has approved a substitute bill which provides for the mandatory appointment of a cooperatives officer in every municipality, province and city to ensure the concerns of cooperatives in these local government units (LGUs) match the sustainable economic development plans of the government. The committee chaired by Rep. Rico […]
The Philippine government has been using a loose vetting system for foreign-funded investments, which has allowed scheming foreign firms to pull off one-sided trade contracts to the detriment of the nation and the Filipino people, Senator Win Gatchalian bared after a hearing by the Senate Committee on Economic Affairs regarding investment deals inked during […]
The development of Mindanao’s economy and infrastructure could prove to be the government’s most effective weapons against terrorism and extremism, as bringing jobs and economic opportunities to Mindanao can aid efforts to thwart attempts to radicalize youth in the region. This according to Senate President Aquilino “Koko” Pimentel III, who on Wednesday said that […]