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.
Velasco reassures gov t of Lower House support for anti-COVID-19 efforts – Manila Bulletin 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.
Speaker Lord Allan Velasco has expressed support on the suggestion of the National Economic and Development Authority (NEDA) to place the entire Philippines under modified general community quarantine beginning March.
House committee chair says sorry to Duterte over suspension of hearing on Lopez loans gmanetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gmanetwork.com Daily Mail and Mail on Sunday newspapers.