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