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PRIVATE tourism stakeholders are looking forward to more MICE (meetings, incentives conventions exhibitions) events to help boost inbound arrivals, and enable the country to reach government’s target of 4.8 million international tourists this year.
THE Congress-approved Maharlika Investment Fund (MIF) bill is set for signing into law on Tuesday (July 18), but the awaited estate tax amnesty extension bill’s signing was deferred by Malacañang.
THE chairman of the House Committee on Ways and Means on Tuesday said the panel will hear proposals to update motor vehicle user’s charges (MVUC) rates, including provision earmarking revenues for local manufacture of PUJs, before it hears proposed taxes on salty and sugary food, when session resumes after President Ferdinand Marcos Jr.’s second State of the Nation Address.
Senate Minority Leader Aquilino “Koko” Pimentel III on Friday urged President Ferdinand R. Marcos Jr. to veto the Maharlika Investment Fund (MIF) bill when it reaches his desk, citing the grave constitutional questions that attended the process of its passage in Congress, besides what he called the serious flaws of the measure itself.
TWO former Senate presidents have warned lawmakers against “correcting” text in the enrolled bill of the Maharlika Investment Fund (MIF), saying this would certainly be open to legal challenge—even possible prosecution of involved parties. They cited only two ways to redress reported errors that have been attributed to the “hasty” passage of the measure on third and final reading at the Senate on May 31.
Finance Secretary Benjamin E. Diokno lauded the Senate’s approval of the extension of estate tax amnesty until 2025 adding the law would allow government to collect more revenues from errant taxpayers.
In an unprecedented crisis that has forced governments to take the hard balancing act between saving economies while curbing the spread of a deadly virus, people look to their leaders for signals of hope on the eve of the State of the Nation Address.
ON Monday, July 22, 2019, the President will give his fourth State of the Nation Address. He will give this Sona under the backdrop of unprecedented popularity. Both the Social Weather Station (SWS) and Pulse Asia recorded more than 80-percent approval rating for the President. Critics of the administration were surprised with these historic high trust ratings of the President considering that these surveys were conducted after the Recto Bank incident. This followed the landslide victory of the senators and most congressional and local candidates endorsed by the President.
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