Senate eyes repeal of bank secrecy law

THE country’s existing banking laws are so strict that it’s proving to be an impediment for those investigating alleged suspicious accounts, such as in the case of the alleged undeclared 35 bank deposits of Comelec Chairman Andres Bautista in Luzon Development Bank (LDB). 

Senate probers were made to realize this as they attempted to look into allegations hurled at Bautista by his estranged wife Patricia on the said accounts that reportedly totaled to P329 million, supposedly amassed by the poll executive within the last two years or since the time he assumed the position in the Comelec. 

Read more: Senate eyes repeal of bank secrecy law

Taguiwalo’s ironic rejection

OPPOSITION senators could only frown upon the rejection of the confirmation of Department of Social Welfare and Development (DSWD) Sec. Judy Taguiwalo especially since those who thumbed her were mostly administration allies.

The development did not escape the prying eyes of members of the Liberal Party (LP) in the Senate led by its president Sen. Francis “Kiko” Pangilinan, saying that the Duterte administration lost a committed Cabinet official.

“In the 14 months that Taguiwalo was at the helm of the DSWD, we have seen her continue the Aquino administration’s successful conditional cash transfer (CCT) or 4Ps program which benefitted 4.4…

Read more: Taguiwalo’s ironic rejection

Expanded Anti-Red Tape Act okayed

THE Senate has passed on third and final reading a bill seeking to reduce the requirements and streamline the processes in starting and operating businesses to create a more conducive business environment in the country.

 

Overwhelming Approval

Senate Bill No. 1311, or the "Expanded Anti-Red Tape Act of 2017" sponsored by Senator Juan Miguel Zubiri, chair of the Senate Committee on Trade, Commerce and Entrepreneurship and co-sponsored by Senate President Pro-Tempore Ralph Recto, was approved overwhelmingly with 17 affirmative votes, zero negative vote and no abstention. 

According to Zubiri, the bill seeks to amend the existing Anti Red…

Read more: Expanded Anti-Red Tape Act okayed

MEMBERS of the House of Representatives investigating the shipment of P 6.4 billion worth of shabu in the country have recommended the dismissal of Bureau of Customs chief Nicanor Faeldon due to “gross incompetence and corruption”. 

Surigao Rep. Robert Barbers, chairman of the House committee on dangerous drugs noted that Faeldon centralized all powers in his office by creating a command center.

The said office reportedly has sole control of all operations in the agency despite being created without the permission of the Department of Finance (DOF) even as he did not release a memorandum order when he created it. 

Barbers said it was a clear sign of incompetence and that Faeldon should be replaced by somebody who is up to the tasks required of a BOC chief.

President Rodrigo Duterte however earlier said that he believes in the integrity of Faeldon but sadly he was surrounded by some corrupt officials in the agency. (Ehlorra Mangahas)

Read more: Faeldon faces dismissal

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