An economist-lawmaker on Monday assured President “Bongbong” Marcos Jr. that the House of Representatives will require a cost-and-benefit analysis of the proposed Bulacan Airport City Special Economic Zone and Freeport Authority.
AN economist-lawmaker on Monday assured President “Bongbong” Marcos Jr. that the House of Representatives will require a cost-and-benefit analysis of the proposed Bulacan Airport City Special Economic Zone and Freeport Authority.
Meanwhile, Salceda assured the public that the veto does not affect the construction of the new airport itself. “While I was not one of the original proponents of the vetoed bill, I hope to help move this bill forward by filing a corrected version. The President’s concerns are valid, so we have to take heed,” he said.On fiscal incentives, Salceda said the House will propose that the bill explicitly state that the ecozone shall be fully subject to the rules, procedures, including approvals, and regulations under Title XIII of the Tax Code .
“[I am proposing] explicitly subjecting the ecozone authority to the Commission on Audit, and other governance mechanisms under Republic Act No. 10149 or the GOCC Governance Act, particularly Sections 24, 25, and 26, on audit mechanisms; and to subsequent rules and regulations issued by the Governance Commission for GOCCs,” he added.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First House bill filed under 19th Congress expands loans for MSMEsLeyte 1st District Rep. Martin Romualdez has filed the first bill in the 19th Congress, seeking to allocate P10 billion to two state banks.
Read more »
Oscar-winner Paul Haggis released from house arrest in Italy, lawyer saysHaggis was arrested on June 19 after a British woman accused him of forcing sexual intercourse.
Read more »
KUWTT: House bill boosts loans for MSMEs | July 4, 2022KUWTT: House bill boosts loans for MSMEs | July 4, 2022Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at https://www.ma...
Read more »
Veto shows gov’t independenceSays Imee after BBM rejects Bulacan Airport Ecozone bill The rejection of a measure creating the Bulacan Airport City Special
Read more »
Bill seeks to hike paid-up capital of Landbank, DBP | Jovee Marie de la CruzLEYTE Rep. Martin G. Romualdez has filed the first bill in the 19th Congress strengthening the capacity of the government financial institutions by increasing the paid-up capital of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP). Romualdez authored House Bill 1, titled “An…
Read more »
Salceda to correct flaws of Bulacan airport ecozone measure in refiled bill“While I was not one of the original proponents of the vetoed bill, I hope to help move this bill forward by filing a corrected version. The President’s concerns are valid, so we have to take heed," Salceda added.
Read more »