FEB
10
2012

Review of FCDU, bank secrecy laws pressed

Resolution tasks Senate banks panel to conduct probe Sen. Ralph G. Recto yesterday called for a revisit of the laws on foreign currency deposit units (FCDUs) and the confidentiality of bank accounts to hammer out better laws responsive to “changing times and changing crimes
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FEB
03
2012

State-wide education campaign on new SALN needed

For uniform, vigorous compliance Sen. Ralph G. Recto today called on the Civil Service Commission (CSC) to spearhead the nationwide education campaign in all government offices on how to truthfully and correctly fill up the newly issued Statement of Assets, Liabilities and Net
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FEB
02
2012

Higher tax-exempt bonuses of workers looms

Cheery Yuletide thoughts in the month of hearts. Sen. Ralph G. Recto today said more government and private workers would enjoy higher tax-free bonuses and other benefits up to P60,000 to P72,000 once the P30,000 ceiling on tax-exempt benefits is increased. “In the midst of
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JAN
31
2012

‘Creating jobs in the time of impeachment’

Palace backing on bill scrapping common carriers tax sought. Sen. Ralph G. Recto today said the passage of a proposed measure eliminating common carrier’s tax (CCT) on international carriers would boost tourist arrivals by 70,000 more on the first year and help create 70,000 new
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JAN
14
2012

Country, CJ Corona deserve a speedy trial

Sen. Ralph G. Recto today expressed confidence that the Senate acting as an impeachment court could conduct the trial of Chief Justice Renato Corona with dispatch so that the country could focus on putting on track its economic life. “The impeachment trial has to be swift so that
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JAN
12
2012

No need to increase members’ PhilHealth contributions

Sen. Ralph G. Recto today said there’s no need to impose a 160-percent increase in the members’ contributions to Philippine Health Insurance Corp. (PhilHealth) considering its enormous cash “reserves” and huge subsidies from government. “PhilHealth could achieve viability and
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NOV
20
2011

‘Loan blockade’ vs. big corporations is best behest loan antidote

Crony-owned or not, private corporations and their wealthy owners should be barred from dipping its hands into the loan portfolio of state banks to avoid a repeat of the alleged P660-million behest loan granted by Development Bank of the Philippines (DBP) to former Marcos trade
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OCT
26
2011

P6.4B rehab of LRT, MRT to result in improved services, increased ridership

Sen. Ralph G. Recto today welcomed the rolling out P6.37 billion for the rehabilitation of the elevated railway lines even as he urged government to consider locally sourcing the materials or equipment needed in the planned upgrade. Recto likewise commended government for forking
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OCT
20
2011

NAIA-1 should be refurbished, preserved not sold

Sen. Ralph G. Recto today warned that bringing in private investors to operate or acquire the Ninoy Aquino International Airport Terminal I (NAIA-1) might not be the answer to cure the 30-year airport terminal of its worst features. “If we sell to a private group, we could be
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