MANILA, Philippines – President Ferdinand Marcos Jr. laid out his priority measures for his second year as chief executive in his second State of the Nation Address on Monday, July 24.
Marcos, who had recently signed into law a controversial measure creating the Maharlika Investment Fund, listed “essential tax measures under our Medium-Term Fiscal Framework,” as among his priorities.determined 20 priority billsThe House of Representatives, where a supermajority is allied with Marcos, is led by the President’s cousin, House Speaker Martin Romualdez.
The Senate – known as a chamber of 24 “independent republics,” is nonetheless a Marcos-allied supermajority with only two senators in the minority. Senate President Juan Miguel Zubiri is also a close ally of Marcos.Rationalization of mining fiscal regimeAmendment of the Fisheries CodeNew Government Procurement Law
Source: Law Daily Report (lawdailyreport.net)
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