Economy & Commerce

Economy & Commerce
by Win Gatchalian on March, 19, 2023

P1/kWh more for lifeline consumers amid persistent high inflation rates

To further cushion the adverse impact of high commodity prices, Senator Win Gatchalian is proposing that the government should provide an additional subsidy of P1/kWh for low-income consumers or a total of P418 million to be sourced from the general appropriations fund.

Economy & Commerce
by Win Gatchalian on March, 18, 2023

High cost of internet access in PH flagged; more affordable rates for consumers needed

Senator Win Gatchalian flagged the high cost of internet access in the country, emphasizing the cost of internet connectivity should be made more affordable for the benefit of consumers.

Economy & Commerce
by Win Gatchalian on March, 16, 2023

Outright exclusion of BSP as fund source for Maharlika bill sought amid potential financial shocks

Senator Win Gatchalian is seeking the outright exclusion of the Bangko Sentral ng Pilipinas (BSP) as a fund source for the proposed Maharlika Investment Fund (MIF) bill amid growing concerns of financial shocks across the globe.

Economy & Commerce
by Win Gatchalian on March, 6, 2023

BSP capability to respond to crises scrutinized amid Maharlika funding

Senator Win Gatchalian asked the Bangko Sentral ng Pilipinas (BSP) to demonstrate its capability to respond to possible monetary crises and other financial challenges if it is tapped to provide capital for the Maharlika Investment Fund (MIF) and its own full capitalization is delayed. 

Economy & Commerce
by Win Gatchalian on February, 28, 2023

Privatization more logical, less controversial source of Maharlika fund

Senator Win Gatchalian said that the privatization of key government assets is a more logical source of the Maharlika Investment Fund (MIF) as this would shield key financial institutions from potential risks and unforeseen challenges.

Economy & Commerce
by Win Gatchalian on February, 23, 2023

BSP should prioritize increase of own capitalization amid move to fund MIF

Senator Win Gatchalian urged the Bangko Sentral ng Pilipinas (BSP) to prioritize the increase of its own capitalization pursuant to RA 11211 or the Act Amending the New Central Bank Act amid a proposal to tap the monetary regulatory agency as a source of the Maharlika Investment Fund (MIF).

Economy & Commerce
by Win Gatchalian on February, 17, 2023

VAT refund for foreign tourists to revitalize tourism industry, drive economic growth

The proposed implementation of the value-added tax (VAT) refund program for foreign tourists could potentially revitalize the local tourism industry which in turn could help drive overall economic growth, Senator Win Gatchalian said.

Economy & Commerce
by Win Gatchalian on February, 9, 2023

Ease requirements for distributing centenarians’ benefits

Senator Win Gatchalian wants eased requirements and improved efficiency in the distribution of benefits to be awarded to centenarians.

Economy & Commerce
by Win Gatchalian on February, 2, 2023

Social costs of POGO operations outweigh economic benefits

Senator Win Gatchalian said that the social costs of allowing Philippine Offshore Gaming Operators (POGO) in the country outweigh the economic benefits, citing a cost-benefit analysis (CBA) conducted on the industry.