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Politics

ESCUDERO REFILES WAIVER ON BANK SECRECY BILL

Senator Chiz Escudero expressed optimism that his proposal to mandate all government officials and employees to waive their rights under the Bank Secrecy Law (Republic Act 1405) and the Foreign Currency Deposit Act (RA 6426) will finally see its light under the 19th Congress. Escudero filed Senate Bill No. 56 as one of his priority […]

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Politics

ASSESS PH AGRICULTURAL COMPETITIVENESS – ESCUDERO

Senator Chiz Escudero has filed a resolution calling on the Senate to look into the competitiveness of the country’s agricultural industry in order to determine the government intervention the sector needs to boost farmers’ income while ensuring a food-secure Philippines. In Senate Resolution No. 55, Escudero underscored the need to assess the current state of […]

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Politics

RUSH 2023 BUDGET TO AID MSMES, AGRI – ESCUDERO

Senator-elect and Sorsogon Governor Chiz Escudero said he would like to see the speedy passage of the government’s P5.2-trillion spending package for 2023 to pump prime the economy and provide the much-needed assistance to small businesses and the agriculture sector still hurting from the lingering effects of the COVID-19 pandemic. “Matagal ko nang sinasabi na […]

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Politics

PLAN FOR NO BROWNOUT ON ELECTION DAY — ESCUDERO

Sorsogon Governor Chiz Escudero is asking the Commission on Elections (COMELEC) to present its contingency plan in case of a power outage during the May 9 voting, and the period of counting and canvassing. With power supply barely keeping up with demand during the summer months, Escudero said the COMELEC cannot leave anything to chance […]

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Politics

SENATE RATIFIES NEW CENTRAL BANK ACT – ESCUDERO

The Senate has ratified the bicameral conference committee report on a bill increasing the Bangko Sentral ng Pilipinas’ (BSP) capitalization from P50 billion to P200 billion and strengthening its regulatory powers. “The bicameral conference committee adopted en toto the Senate version except for one amendment. They removed the tax provision that will go to the […]