Congress approved on Monday several significant measures including one declaring the maritime zones of the Philippines in order to establish the legal bases by which social, economic, commercial, and other activities may be conducted in those areas.
the legal bases by which social, economic, commercial, and other activities may be conducted in those areas.
zones, in accordance with the United Nations Convention on the Law of the Sea and other existing laws and treaties,” Romualdez said. The proposed Philippine Salt Industry Development Act also hurdled House scrutiny with an overwhelming 287 votes. The proposed law has been described by its authors as a whole-of-nation, whole-of-society, and whole-of-government approach as it seeks to revitalize the salt industry.
The PSIDC is tasked to formulate the Philippine Salt Industry Development Roadmap containing the short-term, medium-term, and long-term development plan. It will also identify specific and priority programs and projects in support of, and in line with the Roadmap. Also, it will endeavor to increase production of local salt by increasing land area devoted to salt and improving farm productivity, as well as to institutionalized capacity building for salt farmers through the Agricultural Training Institute.
HB 8144 defines tax racketeering as a crime perpetrated by “any person who engages in any coordinated scheme or operation to evade or defeat any tax imposed under this Code through the fraudulent use of receipts, returns, and other records, with a minimum amount of P10 million in taxes evaded.” Persons who, having knowledge of tax racketeering, take part subsequent to its commission, including profiting from it, shall suffer imprisonment of six years to 10 years.
The bill proposes to reforest and rehabilitate fishponds that have been abandoned or unutilized for three years. According to HB 451, the State recognizes the vital role of the private sector in nation-building and shall “encourage its active participation in fostering sustainable economic development and environment protection in the Philippines.”
HB 451 also defined CSR as referring “to the commitment of business to contribute on a voluntary basis to sustainable economic development by working with relevant stakeholders to improve their lives in ways that are good for business, sustainable development agenda and society at large.” Among its key provisions include the establishment of a central electronic registry under the Securities and Exchange Commission for all warehouse receipts that should be made available online. This, according to the principal authors of the measure, will guarantee a faster and simpler way for farmers and agricultural entities to convert goods and products into credit.
HB 8325 mandates the OFWH to serve as a referral facility for repatriated OFWs needing medical assistance and support while ensuring its participation in the provincial and inter-regional healthcare provider networks to allow for a seamless and coordinated referral system for the medical repatriation program in accordance with Republic Act No. 11223 or the Universal Health Care Act.
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