Newsroom Category: Economy & Commerce

To DOF, NEDA: Extend greater transparency on infra loans

Senator Win Gatchalian has urged government agencies involved in the planning and implementation of the Duterte administration’s Build, Build, Build (BBB) program to extend greater transparency on foreign loan agreements the government entered into to bankroll the various infrastructure projects. The Gatchalian-led Senate Committee on Economic Affairs opened an inquiry into the status, sustainability, and […]

Call for speedy passage of amendments to Foreign Investments Act, removal of anti-competitive restrictions on foreign investments needed

Senator Win Gatchalian stressed the need to amend the country’s current economic laws to foster a more competitive business environment in the Philippines as he called on the Senate to accelerate the passage of much-needed legislative reforms designed to make the country more adaptable to current and future business demands and trends. Gatchalian, chair of […]

Properly operating Bahay Pag-Asa effective in rehabilitating youth offenders

Senator Win Gatchalian said that a properly-staffed, properly-funded, and properly-operating Bahay Pag-Asa (BPA) is effective in rehabilitating children in conflict with the law (CICLs). Gatchalian cited the Bahay Pag-Asa in Valenzuela City, which he says has successfully reformed and reintegrated more than 400 CICLs after they were admitted to the rehabilitation center in the five […]

Institutionalization of community-based monitoring system vs. poverty needed

Senator Win Gatchalian is pushing to institutionalize a system that will best equip policymakers and program implementers with reliable and evidence-based information in their fight against poverty in their respective communities. Gatchalian, chair of the Senate Committee on Economic Affairs, recently filed Senate Bill No. 2184 or the “Community-Based Monitoring System Act,” which seeks to […]

Philippine Innovation Act to enhance global competitiveness of MSMEs

The landmark Philippine Innovation Act, once signed into law, will soon enhance the global competitiveness of micro, small, and medium enterprises, Senator Win Gatchalian said. Gatchalian issued the statement after the bicameral conference committee convened to iron out the disagreeing provisions of Senate Bill No. 1355 and House Bill No. 8715. “In the Philippines, where 99.6 […]

Bahay Pag-asa funding in 2019 budget needed

Senator Win Gatchalian on Wednesday urged the members of the bicameral conference committee for the 2019 General Appropriations Act to allot funding for the construction of 56 additional Bahay Pag-asa (BPA) centers nationwide. Gatchalian made the call after the Juvenile Justice and Welfare Council (JJWC) revealed that there are only 58 operational BPAs in the […]

Bill strengthening AFAB, promoting econ dev’t in Bataan sponsored

To encourage higher migration of businesses and skilled workers into the province of Bataan, enhance its international positioning and competitiveness, and push greater contributions to national development, Senator Win Gatchalian has sponsored legislation amending the Freeport Area of Bataan (FAB) Act of 2009. Gatchalian, chair of the Senate Committee on Economic Affairs, sponsored on Monday […]

Proof-of-Parking Space Act pushed as MMDA hikes illegal parking penalties

Senator Win Gatchalian has reiterated his call for the immediate passage of the bill which would require prospective vehicle owners to present proof that they have a parking space for the new vehicle. Gatchalian, author of Senate Bill No. 201 (SBN), also known as the Proof-of-Parking Space Act, made the call as he threw his […]