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MANILA, Philippines — Rep. Edcel Lagman (Albay, 1st district) and other minority lawmakers urged the Supreme Court (SC) on Monday to “nullify” and prevent the government from utilizing the P449.5 billion unprogrammed funds in the 2024 General Appropriations Act (GAA).
NEW DELHI: In an unusually strongly-worded statement, China on Tuesday warned the Philippines to "not play with fire", and summoned its ambassador, after Manila congratulated the winner of Taiwan's presidential election.Beijing lashed out at the Philippines after president Ferdinand Marcos sent Taiwanese president-elect Lai Ching-te a note on his victory in the recent vote, according to several media reports.
Nicky Franco, head of research for Abacus Securities [link], said that the SM REIT (SREIT) and Prime Infrastructure (PRIME) mega-IPOs will probably not happen in 2024 based on PSE President Ramon Monzon’s expectation of about P40 billion in total IPOs this year on the PSE. Mr. Franco reasoned that since both SREIT and PRIME are likely to list nearly $1 billion each (~P56 billion), the number quoted by Mr. Monzon must not include those two transactions as part of the list of IPOs that the PSE is expecting to happen this year. Regarding the possible GCash IPO, Mr. Franco said that the IPO “will be done overseas”, that “the odds favor that Mynt will list this year”, and that the Mynt management team has likely already “done a lot of the groundwork preparatory work” to execute the listing.
ALBAY Rep. Edcel Lagman yesterday said the separate efforts by the House of Representatives and the Senate to review and introduce amendments to the Constitution will most likely lead to the opening of the country’s economy and land to foreign ownership.
A GROUP of lawmakers from the House of Representatives led by Albay Rep. Edcel Lagman yesterday asked the Supreme Court (SC) to declare as unconstitutional the P449 billion additional unprogrammed funds in the 2024 General Appropriations Act, arguing that it violates the constitutional provision prohibiting Congress from hiking the government’s proposed spending plan.
ON the heels of the appointment of former Batangas Rep. Ralph Recto as the new secretary of the Department of Finance (DOF), the Commission on Elections (Comelec) yesterday said there are no plans yet to hold a special election in the 6th district of Batangas for the post he vacated.
SINABI ng Metro Manila Development Authority (MMDA) noong Nobyembre 15, 2023 na ang mga maaaring gumamit ng EDSA Busway ay ang convoys ng Presidente, Bise Presidente, Speaker of the House, Senate President, at Chief Justice ng Korte Suprema.
MANILA, Philippines — President Marcos’ tweet congratulating Taiwan’s president-elect Lai Ching-te was his way of thanking Taiwan for hosting 200,000 overseas Filipino workers (OFWs) and holding a successful democratic process, the Department of Foreign Affairs (DFA) said yesterday, while reaffirming the country’s one-China policy.