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House to introduce safeguards in bill on Bulacan airport ecozone

MANILA - A lawmaker on Monday assured President Ferdinand "Bongbong" Marcos Jr. that the House of Representatives will introduce safeguards to address the fiscal and economic concerns regarding the measure creating the Bulacan airport ecozone. Albay Rep. Joey Salceda stressed the need to provide "conventional checks and balances" as he committed to file a version of the bill that considers the President's reasons for vetoing it. "We need to put some limits and checks and balances to it," Salceda said in a media interview. He said the House will require a cost-and-benefit analysis of the proposed Bulacan Airport City Special Economic Zone and Freeport Authority (BACSEZFA). "So, as early as now, I am telling potential investors and other proponents to give us a sense of their plans so that we can already weigh the costs versus the benefits. What I can assure the President and the public is that we will make sure that the concerns in the veto message ....

Ferdinand Bongbong Marcos Jr , Joey Salceda , Bulacan Ecozone , Development Authority , Committee On Economic Affairs , National Economic , Freeport Authority , Commission On Audit , Economic Development Cluster Of Cabinet , Tax Incentives For Enterprises , Regional Development Council , President Ferdinand , Bulacan Airport City Special Economic Zone , Tax Code , Corporate Recovery , Tax Incentives , Enterprises Act , Fiscal Incentives Review Board , Economic Development Cluster , Economic Affairs , Senate President , Clark Special Economic Zone , Manilaa Lawmaker On Monday Assured President Ferdinand Quot Bongbong Marcos Jr That The House Of Representatives Will Introduce Safeguards To Address Fiscal And Economic Concerns Regarding Measure Creating Bulacan Airport Ecozone Albay Rep Joey Salceda Stressed Need Provide Conventional Checks Balances As He Committed Filea Version Bill Considers 39s Reasons For Vetoing It We Put Some Limits , Uot Salceda Said Ina Media Interview He The House Will Requirea Cost And Benefit Analysis Of Proposed Bulacan Airport City Special Economic Zone Freeport Authority Bacsezfa Quot So , S Early As Now , I Am Telling Potential Investors And Other Proponents To Give Usa Sense Of Their Plans So That We Can Already Weigh The Costs Versus Benefits Whati Assure President Public Is Will Make Sure Concerns In Veto Message Are Addressed ,

Senator respects veto, eyes refiling of Bulacan ecozone bill

New Manila International Airport, also known as Bulacan International Airport (Photo courtesy of SMC) MANILA - Despite the aborted jobs and livelihoods that would have benefited his province mates, Senator Joel Villanueva said Sunday that he respects the veto on House Bill (HB) 7575 that sought to establish the Bulacan Airport City Special Economic Zone and Freeport Authority (BACSEZFA) in Bulakan town. Villanueva, who hails from Bocaue town and is the author of the Senate counterpart measure, found the decision "unfortunate" as it had the potential to create jobs. He said he is still looking forward to working with the new administration and pushing for legislation and policies in harmony with the priorities of the Executive. "We fully supported the passage of the Bulacan freeport bill as it aims to provide jobs and livelihoods for our kababayan (countrymen), as well as develop the country's economy with investments and infrastructure," Villanueva said in a sta ....

Ferdinand Bongbong Marcos Jr , Imee Marcos , Joel Villanueva , Bulacan Ecozone , Committee On Economic Affairs , Commission On Audit , Freeport Authority , Senate President , Manila International Airport Or Bulacan , Philippine Economic Zone Authority , Senator Joel Villanueva , House Bill , Bulacan Airport City Special Economic Zone , President Ferdinand , Clark Special Economic Zone , New Manila International Airport , Bulacan International Airport , Economic Affairs , Lso Known As Bulacan International Airport Photo Courtesy Of Smc Manila Despite The Aborted Jobs And Livelihoods That Would Have Benefited His Province Mates , Enator Joel Villanueva Said Sunday That He Respects The Veto On House Bill Hb 7575 Sought To Establish Bulacan Airport City Special Economic Zone And Freeport Authority Bacsezfa In Bulakan Town , Ho Hails From Bocaue Town And Is The Author Of Senate Counterpart Measure , Ound The Decision Quot Unfortunate As It Had Potential To Create Jobs He Said Is Still Looking Forward Working With New Administration And Pushing For Legislation Policies In Harmony Priorities Of Executive We Fully Supported Passage Bulacan Freeport Bill Aims Provide Livelihoods Our Kababayan Countrymen , S Well As Develop The Country 39s Economy With Investments And Infrastructure , Uot Villanueva Said Ina Statement Quot We Will Carefully Study On Refiling This Bill , Nd Even Consider Other Possible Proposals Such As Strengthening The Peza Philippine Economic Zone Authority Law , Uot He Added The Palace Announced Saturday That Hb 7575 Was Vetoed By President Ferdinand Quot Bongbong Marcos Jr Due To Substantial Fiscal Risks At Foreground ,

Senators respect PBBM veto power; to refile Bulacan ecozone bill

New Manila International Airport, also known as Bulacan International Airport (Photo courtesy of SMC) MANILA - Despite the aborted jobs and livelihoods that would have benefited his province mates, Senator Joel Villanueva said Sunday that he respects the veto on House Bill (HB) 7575 that sought to establish the Bulacan Airport City Special Economic Zone and Freeport Authority (BACSEZFA) in Bulakan town. Villanueva, who hails from Bocaue town and is the author of the Senate counterpart measure, found the decision "unfortunate" as it had the potential to create jobs. He said he is still looking forward to working with the new administration and pushing for legislation and policies in harmony with the priorities of the Executive. "We fully supported the passage of the Bulacan freeport bill as it aims to provide jobs and livelihoods for our kababayan (countrymen), as well as develop the country's economy with investments and infrastructure," Villanueva said in a sta ....

Ferdinand Bongbong Marcos Jr , Imee Marcos , Joel Villanueva , Bulacan Ecozone , Senate President , Manila International Airport Or Bulacan , Development Advisory Council , Philippine Economic Zone Authority , Committee On Economic Affairs , Freeport Authority , Commission On Audit , Tax Incentives For Enterprises , Senator Joel Villanueva , House Bill , Bulacan Airport City Special Economic Zone , President Ferdinand , Clark Special Economic Zone , New Manila International Airport , Bulacan International Airport , Corporate Recovery , Tax Incentives , Economic Affairs , Lso Known As Bulacan International Airport Photo Courtesy Of Smc Manila Despite The Aborted Jobs And Livelihoods That Would Have Benefited His Province Mates , Enator Joel Villanueva Said Sunday That He Respects The Veto On House Bill Hb 7575 Sought To Establish Bulacan Airport City Special Economic Zone And Freeport Authority Bacsezfa In Bulakan Town , Ho Hails From Bocaue Town And Is The Author Of Senate Counterpart Measure , Ound The Decision Quot Unfortunate As It Had Potential To Create Jobs He Said Is Still Looking Forward Working With New Administration And Pushing For Legislation Policies In Harmony Priorities Of Executive We Fully Supported Passage Bulacan Freeport Bill Aims Provide Livelihoods Our Kababayan Countrymen ,

PBBM vetoes bill creating Bulacan Airport special ecozone

VETOED. Artist's perspective of the proposed Bulacan Airport City Special Economic Zone and Freeport in Bulakan town. On Friday (July 1, 2022), President Ferdinand "Bongbong" Marcos Jr. vetoed House Bill 7575 that will create the ecozone because of "substantial fiscal risks". (Photo courtesy of San Miguel Corporation) MANILA - President Ferdinand "Bongbong" Marcos Jr. has vetoed the measure establishing a special economic zone and freeport adjacent to the proposed airport city in Bulacan province. In his veto message, Marcos rejected House Bill (HB) 7575, which seeks the establishment of the Bulacan Airport City Special Economic Zone and Freeport in Bulakan town, because of its provisions that "pose substantial fiscal risks to the country" and its "infringement on or conflict with other agencies' mandates and authorities". "At the foreground, fiscal prudence must be exercised particularly at times when resources are scarce ....

Ferdinand Bongbong Marcos Jr , Bulacan Ecozone , Freeport Authority , Commission On Audit , National Economic , Development Authority , Regional Development Council , House Bill , Bulacan Airport City Special Economic Zone , Senate President , Clark Special Economic Zone , Republic Act , Corporate Income Tax , Incentive System , Fiscal Incentives Review Board , Executive Order , Omnibus Investments Code , Vetoed Artist 39s Perspective Of The Proposed Bulacan Airport City Special Economic Zone And Freeport In Bulakan Town On Friday July 1 , Resident Ferdinand Quot Bongbong Marcos Jr Vetoed House Bill 7575 That Will Create The Ecozone Because Of Substantial Fiscal Risks Photo Courtesy San Miguel Corporation Manila President Has Measure Establishinga Special Economic Zone And Freeport Adjacent To Proposed Airport City In Bulacan Province His Veto Message , Arcos Rejected House Bill Hb 7575 , Hich Seeks The Establishment Of Bulacan Airport City Special Economic Zone And Freeport In Bulakan Town , Ecause Of Its Provisions That Quot Pose Substantial Fiscal Risks To The Country And Infringement On Or Conflict With Other Agencies 39 Mandates Authorities At Foreground , Iscal Prudence Must Be Exercised Particularly At Times When Resources Are Scarce And Needs Abundant While This Administration Recognizes The Objective Of Proposed Measure To Accelerate Economic Growth In Its Locality , I Cannot Support The Bill , Uot He Said Ina Letter Dated July 1 And Addressed To The Senate President House Speaker Marcos Also Explained That Enrolled Bill Quot Lacks Coherence With Existing Laws , Nd Regulations Quot ,