The House Ways and Means Committee vowed to put more pressure on implementing agencies to enforce excise taxes more strictly in order to reduce smuggling and tax evasion.
President Rodrigo Duterte on Monday admitted that closing businesses amid a spike in Covid-19 cases nationwide would spell “disaster” for the Philippine economy.
"The GUIDE bill will supplement the financial assistance to MSMEs that Congress has granted through the Bayanihan laws enacted last year. This will help jumpstart the economy," said Gatchalian.
Department of Human Settlements and Urban Development Secretary Eduardo del Rosario on Tuesday said he issued anew a department order aimed at expediting the issuance of "licenses to sell".
“By having fewer branches and ATMs, LandBank’s reach and accessibility to government employees, LGUs, and government aid beneficiaries are severely limited," said Fortun.
More than 200 lawmakers from the House of Representatives have expressed support for the PHP420-billion stimulus package under the Bayanihan to Arise As One Act or the Bayanihan 3 to help the economy recover from the COVID-19 pandemic.
The House of Representatives on Tuesday approved on third and final reading a measure seeking to provide financial assistance to distressed enterprises critical to economic recovery.