THE House Committee on Appropriations on Tuesday approved a proposal providing additional criterion for the release of unprogrammed appropriations and utilizing excess funds from government-owned and -controlled corporations (GOCCs) by amending Republic Act No. 11936, or the 2023 General Appropriations Act (GAA). House Bill 9513 was principally authored by House Committee…
PRESIDENT Ferdinand R. Marcos Jr. on Monday appointed Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA) Executive Director Rafael D. Consing Jr. as the first head of the Maharlika Investment Corporation (MIC), and House Committee on Ways and Means Chairman Joey Sarte Salceda promptly called him the right person for the…
LAWMAKERS and economic managers assured the public that the Maharlika Investment Fund (MIF) would remain “independent” from “undue influence” following the revision of the state’s sovereign investment fund’s rules and regulations. House Speaker Ferdinand Martin G. Romualdez claimed that the revised and final implementing rules and regulations (IRR) shall “protect”…
With third-quarter gross domestic product (GDP) growth figures, an economist-lawmaker on Thursday said the nation’s economic performance in this period offers “promising opportunities” for the future, and the government should now capitalize on these favorable conditions to implement forward-looking policies and priorities. With inflation back under control and growth back on…
MEMBERS of the House Committee on Ways and Means said last Tuesday that it is now considering the removal of the proposed motu proprio power of the President to grant tax incentives under the new bill amending the Corporate Recovery and Tax Incentives for Enterprises (Create) law or Republic Act…