Friday, 22 September 2017
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philippines - Banking & Finance - News

Senate Panel approves PCOO 2018 Budget

MANILA - A Senate panel on Wednesday approved the proposed 2018 budget of the Presidential Communications Operations Office (PCOO) and its attached agencies worth PHP1.351 billion - a PHP 22.337-million decrease from 2017 budget.
Date: 21 September 2017; Type: Legal News; Source: Philippine News Agency

House restores Budget of CHR, ERC, NCIP

MANILA - The House of Representatives has decided to restore the proposed 2018 budgets of the Commission on Human Rights (CHR), Energy Regulatory Commission, and National Commission on Indigenous Peoples (NCIP).
Date: 20 September 2017; Type: Legal News; Source: Philippine News Agency

IBP urges Senate to restore CHR 2018 Budget

MANILA - The Integrated Bar of the Philippines (IBP) on Tuesday urged the Senate to provide a workable budget for the Commission on Human Rights (CHR) for 2018.
Date: 19 September 2017; Type: Legal News; Source: Philippine News Agency

Senate okays Fiscal and Monetary Report Act of 2017

MANILA - The Senate on Monday approved on third and final reading the Fiscal and Monetary Report Act of 2017, a bill which seeks to require economic managers to appear biannually before a joint congressional oversight panel.
Date: 19 September 2017; Type: Legal News; Source: Philippine News Agency

Solon wants to create Classification System for Third Parties in BOC

MANILA - A lawmaker in the House of Representatives has filed a measure providing for a classification system for third parties under the Customs Modernization and Tariff Act (CMTA).
Date: 19 September 2017; Type: Legal News; Source: Philippine News Agency

Senate Oks Biannual Appearance to report on Fiscal, Monetary Policies to Congress

The Senate today passed on third and final reading a bill which would require the country's economic managers to appear biannually before a joint congressional oversight committee, to report on the status and direction of the country's fiscal and monetary policies.
Date: 18 September 2017; Type: Legal News; Source: Senate of The Philippines

No Need for CHR Funds to buy Bodycams - Recto

There are enough sources in the 2017 national budget which could fund the immediate purchase of police body cameras, Senate President Pro Tempore Ralph Recto said.
Date: 18 September 2017; Type: Legal News; Source: Senate of The Philippines

Legarda eyes Early Passage of 2018 GAA

Senator Loren Legarda, Chair of the Senate Committee on Finance, today said she is optimistic about the early passage of the 2018 national budget, stressing that the Senate has been conducting marathon hearings to finish discussions of all government agencies' budgets on time.
Date: 19 September 2017; Type: Legal News; Source: Senate of The Philippines

House bans Gift Certificates with Expiry Date

The House of Representatives this week unanimously approved on third and final reading House Bill 6016 that seeks to regulate the issuance, use and redemption of gift checks, gift cards and gift certificates.
Date: 16 September 2017; Type: Legal News; Source: House of Representatives

House of Representatives approves 2018 National Budget

The House of Representatives approved on second reading the proposed P3.767 trillion National Budget for Fiscal Year 2018 on Tuesday, September 12. The Lower House began plenary deliberations on the Budget last Monday, September 4, as the lawmakers pushed for the passage of the General Appropriations Bill (House Bill 6215).
Date: 13 September 2017; Type: Legal News; Source: Department of Budget and Management

House concludes Debate on DA’s P54.2 B Budget for 2018

The House of Representatives on Tuesday terminated its plenary sponsorship and debate on the Department of Agriculture’s proposed budget of P54.2 billion for next year which will be used mainly to achieve greater food security and productivity.
Date: 12 September 2017; Type: Legal News; Source: House of Representatives

House concludes Debates on MMDA 2018 budget

The House of Representatives concluded on Tuesday its plenary deliberation on the proposed budget of the Metropolitan Manila Development Authority (MMDA) for next year amounting to P7.19 billion.
Date: 13 September 2017; Type: Legal News; Source: House of Representatives

Big Chunk of 2018 DSWD Budget for CCT Program

The House of Representatives on Tuesday terminated the period of debates on the proposed P137.55 billion budget of the Department of Social Welfare and Development (DSWD) for 2018, with much of it or P89.4 billion to be allotted for the Conditional Cash Transfer (CCT) program.
Date: 13 September 2017; Type: Legal News; Source: House of Representatives

House approves on Second Reading P3.76T National Budget for 2018

Despite the threat of flood and heavy rainfall in Metro Manila brought about by tropical depression Maring, members of the House of Representatives on Tuesday held a whole-day plenary session to finish floor deliberation on House Bill 6215 or the 2018 General Appropriations Bill (GAB), which provides for a P3.76 trillion national budget in 2018, an ...
Date: 13 September 2017; Type: Legal News; Source: House of Representatives

House continues Debates on DPWH 2018 Budget

The House of Representatives will continue to deliberate on the proposed P643.3 billion proposed budget of the Department of Public Works and Highways (DPWH) for next year as there are other issues the agency needs to clarify during the floor deliberation.
Date: 11 September 2017; Type: Legal News; Source: House of Representatives

House terminates Floor Debate on DFA Budget

The House of Representatives terminated on Monday night its plenary debate on the proposed 2018 budget of the Department of Foreign Affairs (DFA), amounting to P19.57 billion.
Date: 12 September 2017; Type: Legal News; Source: House of Representatives

House ends Deliberation on Reduced Budget of the OP

The House of Representatives on Monday terminated its period of deliberation on the P6 billion proposed budget of the Office of the President (OP) for next year.
Date: 12 September 2017; Type: Legal News; Source: House of Representatives

House ends Plenary Debates on DND Budget

The House of Representatives terminated its plenary deliberation on the proposed P144.7 billion budget of the Department of National Defense (DND) for 2018 with the issues raised focusing on the country’s defense capability and the revised Armed Forces of the Philippines (AFP) Modernization Program, among others.
Date: 09 September 2017; Type: Legal News; Source: Department of Finance

House concludes Debates on Meager PDEA Budget

The House of Representatives ended Thursday its interpellation on the meager P1.4 billion proposed budget for next year of the Philippine Drug Enforcement Agency (PDEA) with questions raised about the PDEA’s role in the more than 65,591 police operations related to drugs, its plan on those involved in the P6.4 billion shabu shipment from Chin ...
Date: 08 September 2017; Type: Legal News; Source: House of Representatives

House pushes for bigger PCOO 2018 Budget

The House of Representatives terminated on Friday the plenary deliberation on the P1.351 billion proposed budget of the Presidential Communications Operations Office (PCOO), with some lawmakers batting for bigger funding for the effective dissemination of information to the public about the Duterte government’s programs.
Date: 08 September 2017; Type: Legal News; Source: House of Representatives

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ASEAN, Dialogue Partners hope for End of Marawi Conflict Soon

MANILA - The ASEAN member states and its dialogue partners are hoping that the more than three-month fighting in Marawi be resolved soon.

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ASEAN Public Relations strengthen Regional Structure

Badung, Bali (ANTARA News) - Public relations and communication are keys to obtain public understanding and participation in order to strengthen the regional organization's position at the global level, Director General of Public Information and Communication at the Ministry of Communications and Information Technology, Rosarita Niken Widiastuti, stated here on Wednesday.

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ASEAN Lawmakers commend Alvarez

The 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) concluded Tuesday with delegates commending House Speaker Pantaleon Alvarez for his outstanding performance as president of AIPA.

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Work in all Courts Nationwide suspended Thursday: SC

MANILA - The Supreme Court (SC) announced the suspension of work in all courts nationwide on Thursday, September 21, in connection with President Rodrigo Duterte's declaration of the said date as National Day of Protest.

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Malaysia-Thailand to ink MoU on Security Cooperation

BANGKOK, Sept 20 (Bernama) - There will be closer security cooperation between Malaysia and Thailand with the establishment of a Joint Committee on Security Cooperation, according to a cabinet resolution document released by the Thai government.

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SC asked to order Refund of Excess SMS Fee to Subscribers

MANILA - The Bayan Muna partylist filed a petition before the Supreme Court (SC) seeking to compel the country's major telecommunication companies to give a refund to their subscribers for overpriced text message rates amounting to more than PHP17.7 billion.

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Policymakers urged to study Proposed Shift to Federal System

MANILA - State think-tank Philippine Institute for Development Studies (PIDS) on Tuesday urged policymakers to undertake a comprehensive study of the proposed shift to a federal form of government which could address uneven developments in provinces and regions.

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BSP to continue Payment, Settlement Operations on September 21

MANILA - The Bangko Sentral ng Pilipinas (BSP ) will continue its payments and settlement operations on Thursday despite Malacanang's suspension of works in government offices and schools nationwide for that day.

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Senate urged to view Ethics Complaints with Caution

MANILA - Senate Minority Leader Franklin Drilon on Monday urged his colleagues to view complaints filed before the Senate Ethics Committee with extreme caution as the number of complaints continue to pile up.

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ASEAN enhances Coordination to tackle Cyber Threats

SINGAPORE, Sept 18 (Bernama) - ASEAN member states have agreed on the importance of enhancing coordination to ensure that its cybersecurity efforts across various platforms in countering increasingly sophisticated cyber threats are focused, effective and in synergy with one another.

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Peace, Security and Stability take Center Stage in AIPA discussion

MANILA, Philippines - Lawmakers and delegates at the 38th General Assembly of the ASEAN Inter-Parliamentary Assembly (AIPA) on Saturday discussed intensively the issues and challenges confronting the ASEAN region and the international community.

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CDPI proposes Shift to Federal Parliamentary System

The Centrist Democracy Political Institute (CDPI) on Thursday, September 14, said it is proposing the shift to a federal parliamentary system, adding that Congress should soon start deliberating the amendments in the 1987 Constitution that will pave the way for federalization.

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