Enterprises for Economic Recovery Act the Economy of the Philippines Act The GUIDE bill and BARO bill both propose the creation of ARISE Incorporated, a state-backed holding company which would authorize the Land Bank of the Philippines and the Development Bank of the Philippines to enter into joint venture agreements with struggling businesses.
The PCC maintained that joint ventures should be placed under its scrutiny to ensure that the market would not be distorted, especially at a time when the pandemic has drastically changed the business landscape. "I believe the intention of the language is to ensure that the regulatory agencies do not sit on the pending matters, and that the continuity of business at this crucial time is unimpeded, especially those that have to do with essential goods and services," Salceda told GMA News.While the PCC recognized the bills' goal to hasten processes, it underscored the need for deals to be scrutinized.
"Finally, firms holding a dominant position and those who have access to essential goods may abuse the market power they gain because of the pandemic, and use this to take advantage of consumers. This is especially true during times of crisis or an impending recession, where market failures can be a distinct possibility."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: The dangers of the Anti-Terrorism Law[WATCH] EXPLAINER: The dangers of the Anti-Terrorism Law Rappler lays out the key highlights of the Anti-terrorism Law and why its provisions could be dangerous. Ang PRANGKISA ay HINDI karapatan, ISA ITONG PRIBILEHIYO. May magkasintahan, lalake at babae. Isang araw,ngkasala ang lalake. Galit na galit ang babae dhil maraming beses na itong ginawa ng lalake. Sinuyo ng lalake ang babae pero ayaw na ng babae. Tanong: may karapatan ba ang lalake na magalit dahil sa ayaw ng bumalik sakanya ng babae? May isang jeepney driver na pinasada ang kanyang kulurom na jeep sa EDSA. Tiniketan siya ng LTO oficer dahil may violation ang driver. Naabala ang lahat ng pasahero niya: meron na late sa trabaho, na-late sa hospital, etc. Sino ang dapat sisihin, ang LTO oficer o ang driver?
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Gretchen Barretto disowns Twitter account: 'I have not made a single statement on ABS-CBN'Gretchen Barretto has never been shy with her support for Duterte, as she recently disowned a Twitter account tweeting against the President. nalalaos lahat ng bagay... remember that She has always been proud with all her achievements in life 🤷♂️ Drawing hate against Greta ? 🤡
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Solons may refile ABS-CBN franchise renewal bills in case of rejectionHouse members can immediately refile bills seeking the renewal of ABS-CBN's operating franchise in the event that the Legislative Franchises Committee votes against the current application after the series of marathon hearings. jusko. andami nila'ng time. pramis. VoteYESforABSCBN VoteYESforABSCBN Vote no to ABS-CBN franchise ako! Guilty as charged by Congress!
Source: manilabulletin - 🏆 25. / 51 Read more »
ABS-CBN franchise bill sponsors remain firm: All queries against network were answeredThe lawmakers who sponsored various bills seeking to grant ABS-CBN its new 25-year franchise have insisted that all questions posed against the network have been answered. | GabrielLaluINQ GabrielLaluINQ Bring it to court and see if can stand as living proof! GabrielLaluINQ Konte ng tao. D nakapaghakot ng tao. mikenavallo GabrielLaluINQ True. All questions have been answered. Pero ang tanong Is it satisfactory para masabi mong deserve nila makuha ang YES vote ng Congress in favor to their franchise?
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Asian stocks sink after Wall St losses on economy worriesAsian stock markets followed Wall Street lower Friday on worries economic recoveries might fade as coronavirus cases increase in the United States and some other countries.
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Gov’t eyes support for e-commerce boomThe country’s economic planners are pushing reforms in the e-commerce sector amid the boom in digital services but the government warned that increased transactions on the internet may also result
Source: inquirerdotnet - 🏆 3. / 86 Read more »