Press Release

Statement on the House position on the proposed adoption of CREATE MORE

Rep. Joey Sarte Salceda The House contingent will seek to resolve differences in principle between the Senate and House versions of the CREATE MORE Act in a bicameral conference committee. We choose not to adopt the Senate version for several important reasons. First, the Senate version did not adopt our effort to, once and for […]

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Statement on the downtime of the BDO remote banking services

BDO promised to be online by 7 am today. It has been almost half a day since that promise. BDO being the country’s largest bank, this shakes confidence in the cyber infrastructure of the country’s financial system. Credit cards, ATM services, and other non-branch banking services are unavailable. Practically the whole non-branch system is shut […]

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House approves approves Yulo tax exemption; including donations for training also exempt

House Ways and Means Chair Joey Sarte Salceda (Albay, 2nd district) says that the House in plenary has approved a bill today providing tax exemptions for donations to national athletes competing in international sports competitions. House Bill No. 421, authored by Salceda, was also filed and approved in the 18th Congress as the “Hidilyn Diaz […]

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On approval in principle of the MERALCO franchise

I thank Chairman Gus Tambunting for his fair and extensive evaluation of the proposed extension of the MERALCO franchise. The franchise is possibly the single most important private bill for industrial policy in this country. MERALCO services an area responsible for about half the country’s entire GDP, and about 26 percent of the population. MERALCO […]

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