Sen. Sonny Angara
(Senate of the Philippines / FILE PHOTO / MANILA BULLETIN)
Angara maintained that a “better, faster” stimulus to the pandemic-hit economy is to immediately disburse the appropriations and carry out the recovery programs for the affected sectors.
“‘Yong Bayanihan 2 nga hindi pa fully implemented, so siguro dapat mas maganda fully implement muna nila lahat ng batas na pinasa natin (The Bayanihan 2 is still not fully implemented, so maybe they should fully implement all the laws that we have passed in Congress),” the chairman of the Senate finance committee said over radio DWIZ when asked about the proposed Bayanihan 3 being pushed in the House of Representatives.
FIST ensures financial system stability—Dominguez mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
MANILA, Feb. 18 Finance Secretary Carlos Dominguez III has thanked the Congress for its swift and timely passage of the Financial Institutions Strategic Transfer (FIST) Act, a law recently signed by President Duterte that allows financial institutions to efficiently offload their bad loans and non-performing assets amid the COVID-19-induced global economic slump.
“We thank our lawmakers for acting quickly in passing the FIST bill, which was signed into law by the President on February 16, 2021. The bill was passed within the first year of the pandemic, making it an effective measure in ensuring the stability of our financial system amid the global health and financial crises. The FIST law will allow banks to free up much-needed liquidity for lending to the productive sectors of our economy that are crucial to our recovery,” Dominguez said.
Sotto bill grants President authority to assume liabilities fromCOVID-19 jabs mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Senate President Vicente Sotto III said on Thursday, February 11, that he will allow the public to witness his vaccination to support the government's COVID-19 immunization program and allay doubts about the efficacy of the vaccines.
Senate President Vicente Sotto III (MANILA BULLETIN FILE PHOTO)