Monday, June 5, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Opinion Editorial

Priority economic bills

Manila StandardbyManila Standard
December 9, 2022, 12:15 am
in Editorial, Opinion
Reading Time: 3 mins read
A A
Share on FacebookShare on TwitterShare on Email

How do you accelerate economic turnaround?

One way, as pointed out by House Speaker Martin Romualdez, is for the legislature to pass the nine priority bills of Malacañang to enhance the investment and business environment in the country.

The priority legislative measures of the Palace are the GUIDE Act (Government Financial Institutions Unified Initiatives to Distressed Enterprises for Economic Recovery);

Valuation Reform Bill; Passive Income and Financial Intermediary Taxation Act or PIFITA; E-Government Act; Internet Transaction Act or E-Commerce Law; National Land Use Act; Enactment of an Enabling Law for the Natural Gas Industry;

Amendments to the Electric Power Industry Reform Act and Amendments to the Build-Operate-Transfer Law.

These bills cover various sectors of the economy, from financial institutions to E-Governance to land use and the power and natural gas industries, among others. If passed into law, these would certainly boost the Marcos administration’s “Agenda of Prosperity,” whose key objective is to hasten the country’s “economic transformation towards inclusivity and sustainability.”

The passage of these bills before year-end, according to the House leader, would in fact be a significant development as these would set the first stage to full economic recovery in 2023 and beyond.

Romualdez is bullish about the country’s economic prospects, judging from the keen interest shown by foreign businessmen in Philippine efforts to boost two-way trade and encourage investments in a broad range of domestic industries.

The President’s recent visits to Indonesia, Singapore and the APEC Summit in Thailand highlighted the gains made by the Philippines in economic recovery even as the COVID-19 pandemic has yet to be fully contained.

Romualdez has given assurances that “the best is yet to come” for the country as the administration’s economic development goals are adequately spelled out in the Medium-Term Fiscal Framework and its eight-point socioeconomic plan.

The House adopted this through Concurrent Resolution No. 2 shortly after the 19th Congress convened in July.

“For the first time, the country has a clear six-year agenda with clearly defined goals,” he pointed out.

The optimism is well-founded, as the economy improved by an average of 7.7 percent in the first three quarters of 2022.

The country’s economic managers expect the economy to grow by 6.9 percent in the last quarter to meet the growth target of 6.5 percent to 7.5 percent this year.

Congress and the Executive branch of government must closely collaborate in getting the Agenda for Prosperity up and running on all cylinders. Economic recovery should be the central task in the years ahead to fulfill our people’s hopes of a better future.

Tags: economic billsEditorialHouse Speaker Martin Romualdez
ADVERTISEMENT
Manila Standard

Manila Standard

Related Posts

Solution to plastic pollution

byManila Standard
June 5, 2023, 12:15 am
0
8
Solution to plastic pollution

WE JOIN more than 150 countries today in marking the 50th anniversary of the UN-organized World Environment Day event under...

Read more

Too many lawyers?

byLito Banayo
June 5, 2023, 12:10 am
0
8
A crisis president

Or is this the case when too many lawyers crowd their profession, and the justice system has become for sale?...

Read more

Telco Tower electrification delays will bog down digital economy

byOrlando Oxales
June 5, 2023, 12:05 am
0
8
Denying Villafuerte justice

Further feet dragging from these parties will be unacceptable and a serious disservice to their constituents whose welfare and interests...

Read more

Are PH’s regional folk songs in morendo? (Part 2)

byHonor Blanco Cabie
June 5, 2023, 12:00 am
0
8
Humoring the aging brain

Culture connoisseurs say there are other regions rich in folk songs which need wider dissemination and appreciation by the younger...

Read more

Is it worth investing in Fil-foreign athletes?

byManila Standard
June 3, 2023, 12:15 am
0
8
Is it worth investing in Fil-foreign athletes?

Some National Sports Associations like athletics and swimming are known for making use of foreign athletes with Filipino lineage to...

Read more

Praxis on Pinoy spirituality

byTony La Viña
June 3, 2023, 12:10 am
0
8
Denying Villafuerte justice

Karl Gaspar’s passion for the subject matter is evident throughout the book, as he skillfully guides the readers on a...

Read more

Print Edition

View More

Recent Posts

  • Solution to plastic pollution
  • Too many lawyers?
  • Telco Tower electrification delays will bog down digital economy
  • Are PH’s regional folk songs in morendo? (Part 2)
  • Dolomite cleanup
  • Nuclear power plant tour
  • Aid for fire victims
  • ‘PNP should overhaul system’

Advertisement

Latest News

Nuclear power plant tour

byJoseph Muego
June 4, 2023, 11:55 pm
0
8
Aid for fire victims

Pangasinan (2nd District)  Rep. Mark Cojuangco an ardent advocate of nuclear energy leads the site tour of the Bataan Nuclear...

Read more

Aid for fire victims

byAndrew Rabulan
June 4, 2023, 11:52 pm
0
8
Aid for fire victims

Malabon Mayor Jeannie Sandoval along with the Malabon City Health Office, MDRRMO, and CSWDD leads the distribution of aid to...

Read more

‘PNP should overhaul system’

byManila Standard
June 4, 2023, 11:50 pm
0
8
‘I am here for one big fight’ – Bato

Members of the Philippine National Police (PNP) such as patrolmen and lieutenants should not be immediately allowed to be assigned...

Read more

Angeles cops face charges for illegal arrest

byCharles Dantes
June 4, 2023, 11:40 pm
0
8
PNP vows deep probe into acts of ‘party girl’

By Charles Dantes Seven police officers of Angeles City, Pampanga have been detained for the illegal arrest and arbitrary detention of...

Read more

Filipino pilgrims arrive in Saudi to join yearly Hajj pilgrimage

byManila Standard
June 4, 2023, 11:30 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The first batch of Filipino pilgrims have arrived in Saudi Arabia to embark on the 2023 Hajj, the Philippine Embassy...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App