Speaker proposes sovereign wealth fund, bullish on internet speed boost

Philippines News News

Speaker proposes sovereign wealth fund, bullish on internet speed boost
Philippines Latest News,Philippines Headlines
  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

Romualdez also said Monday he expects the country’s internet speed to go up a notch next year once the Department of Information and Communications Technology (DICT) implements its National Broadband Plan (NBP) that has been allocated P1.5 billion-- READ:

Romualdez also said Monday he expects the country’s internet speed to go up a notch next year once the Department of Information and Communications Technology implements its National Broadband Plan that has been allocated P1.5 billion in the proposed 2023 national budget.

The proposal is contained in House Bill 6398 that seeks the establishment of the MWF, which would draw resources primarily from contributions from the Government Service Insurance System , Social Security System , Land Bank of the Philippines , and Development Bank of the Philippines . Ako Bicol party-list Rep. Zaldy Co, chairman of the House committee on appropriations, said the P1.5 billion that was allocated for the NBP will go a long way in jumpstarting the program that is envisioned to provide the backbone in providing internet to all government agencies nationwide.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MlaStandard /  🏆 20. in PH

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.

Speaker lauds BizNews Asia for excellenceSpeaker lauds BizNews Asia for excellenceSpeaker Martin G. Romualdez has lauded the country’s leading business magazine for excellence in journalism as well as its awardees this year for their outstanding achievements in their respective fields. READ:
Read more »

House, Senate will see 'eye-to-eye' on P77-B amendments to the 2023 budget--RomualdezHouse, Senate will see 'eye-to-eye' on P77-B amendments to the 2023 budget--RomualdezThe House leadership is confident the Senate will approve its P77-billion institutional amendments to the proposed P5.268-trillion national budget for 2023, saying this will boost funds for education, health, transportation, and other social services.
Read more »

Romualdez: P1.5 billion broadband project allocation will speed up Philippine internetRomualdez: P1.5 billion broadband project allocation will speed up Philippine internetThe P1.5 billion funding for the national broadband plan under the proposed P5.26 trillion budget for 2023 should increase Philippine internet connection speeds next year, Speaker Martin Romualdez of Leyte said Monday.
Read more »

Romualdez bats for creation of sovereign wealth fund for PinoysRomualdez bats for creation of sovereign wealth fund for PinoysHouse Speaker Martin Romualdez has filed a bill pushing for the creation of a sovereign wealth fund (SWFs) that will improve investment opportunities for Filipinos.
Read more »

House, Senate seen to allow ₧77-B amendments - BusinessMirrorHouse, Senate seen to allow ₧77-B amendments - BusinessMirrorTHE leadership of the House of Representatives on Sunday expressed confidence that they will reach common ground with senators on the P77-billion institutional amendments by the House to augment the budget for education, health, transportation and other critical social services. In a statement, Speaker Martin G. Romualdez expressed confidence that the Senate contingent to the
Read more »

Tingog bats for quarterly cash assistance for poorTingog bats for quarterly cash assistance for poorTingog party-list Representatives Yedda Marie Romualdez and Jude Acidre proposed the immediate provision of quarterly medical assistance worth P1,000 up to
Read more »



Render Time: 2025-02-27 02:29:09