Senator Grace Poe
(Office of Sen. Grace Poe / MANILA BULLETIN)
Poe, chairperson of the Senate public services committee, noted that for Manila Electric Co. (Meralco), unclaimed meter deposits amount to P314 million as of September 30, 2020.
“We need to be sensitive to the needs of the people. Mataas na nga ang presyo ng mga bilihin at nagmamahal pa ang presyo ng pagkain (Prices of commodities have already increased and food prices are still getting more expensive). We must find ways to put money back in people’s pockets, especially money that rightfully belongs to them,” she said in a statement.
Poe referred to the ERC’s Resolution No. 12 issued in 2016, which set the rules for the refund of meter deposits by distribution utilities (DUs).
MANILA, Feb. 18 Finance Secretary Carlos Dominguez III has thanked the Congress for its swift and timely passage of the Financial Institutions Strategic Transfer (FIST) Act, a law recently signed by President Duterte that allows financial institutions to efficiently offload their bad loans and non-performing assets amid the COVID-19-induced global economic slump.
“We thank our lawmakers for acting quickly in passing the FIST bill, which was signed into law by the President on February 16, 2021. The bill was passed within the first year of the pandemic, making it an effective measure in ensuring the stability of our financial system amid the global health and financial crises. The FIST law will allow banks to free up much-needed liquidity for lending to the productive sectors of our economy that are crucial to our recovery,” Dominguez said.
Senator Grace Poe welcomed on Wednesday the signing of the Financial Institutions Strategic Transfer (FIST) Act, which is expected to help in dealing with the COVID-19 outbreak's impacts to the country's financial sector.
US tech billionaire Elon Musk’s Space Exploration Technologies Corp (SpaceX) is in talks to bring broadband satellite services to the Philippines through a partnership with fibre internet tycoon Dennis Anthony H Uy of Pampanga.
Filipinos might just hold on to an "empty promise" if another Bayanihan law is passed without enough funding, Senator Grace Poe said on Thursday.
Sen. Grace Poe
“I would like to know where we will be able to source the funding for that,” Poe said even as she assured her support to initiatives