Inclusive Growth

Bam Pushes for Work for Rural Poor

The heads or single adult members of poor families living in rural areas will be given temporary employment, once the bill filed by Sen. Bam Aquino is enacted into law.

“Considering that almost 80 percent of Filipinos living in poverty reside in our rural areas, we are in urgent need of measures to combat poverty and unemployment beyond our cities and urban hubs in the short term and long term,” Sen. Bam said of his Senate Bill No. 2903 or the Rural Employment Act of 2015.

 “As such, we need to take a look at our rural communities and provide opportunities to those along the countryside and within our islands, beginning with our less fortunate countrymen,” added the senator, who worked with poor communities before he ran for the Senate.

According to Sen. Bam, the bill, if passed, aims to provide heads or single adult members of poor families in rural areas fair wages for temporary unskilled work for a minimum of 45 days but not more than 90 days in every calendar year.

 It mandates the Department of Social Welfare and Development, in coordination with local government units, to hire unemployed Filipinos to maintain, build and rehabilitate shared, public facilities and livelihood assets within their communities.

This way, Sen. Bam said the bill addresses the issue of unemployment in rural areas and involves our less fortunate citizen in nation building at the same time. 

“Let us bring opportunities, wealth and capacity to the Philippine islands, especially in the countryside. Let every Filipino reap the fruits of our positive progress and development,” added the senator, a world-renowned social entrepreneur.

Senate OKs Microfinancing Non Profits that Help the Poor

A measure strengthening non-government organizations (NGOs) that provide micro financing to the poor who want to start their own business has been passed by the Senate on third and final reading Monday.

 Principally sponsored by Senator Bam Aquino, Senate Bill No. 2752 or the Microfinance NGOs Act was approved by the Senate with around 100 beneficiaries from different parts of the country in attendance.

 “The approval was a victory for all microfinance NGOs, which, for decades now, have been helping the government’s poverty alleviation program without getting anything in return” said Sen. Bam, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

 “The passage of this measure is recognition of their crucial role in lifting our fellow Filipinos from poverty and enabling the poor to build their own businesses and create their own sustainable livelihood,” he added.

 Sen. Bam hopes that the Microfinance NGOs Act will also encourage more institutions to help in the promotion of the development of micro businesses all over the country.

 Sen. Bam said microfinance NGOs provide low-interest, no collateral financing to those who want to start their own small business, luring them away from loan sharks or more commonly known as “5-6”.

 Microfinance NGOs offer a variety of loans – from business, housing, educational and medical – to low-income households with an average nominal interest rate of 2 to 2.5% and a usual loan cycle of 6 months.

 “Mabigat po talaga ang mangutang sa 5-6 dahil halos lahat ng kinikita mo sa araw-araw, doon napupunta. Sa MFI NGOs, magaan na hulog, mahaba pa ang palugit,” said Resureccion Aquino, owner of “Angels” figurines and ceramic display and a beneficiary of a P75,000 from Kasagana-ka Development Center, Inc. (KDCI).

 Aside from loans, microfinance NGOs also provide training programs and seminars to enhance the entrepreneurial skills and financial literacy of their borrowers.

 “Nakakuha na kami ng pautang, nabibigyan pa kami ng libreng insurance at mayroon pang training para sa dagdag na kaalaman,” said Rosana Santos, owner of J-Anmos Homemade Products and a recipient of a P50,000 loan from KDCI.

 The bill also provides microfinance NGOs needed support and incentives that includes access to government programs and projects, technical assistance and exemption from taxes.

 “With this Act, we will be able to reach more Filipinos in poor communities, enabling us to fulfill our mission as an institution – lifting the poor out of poverty and bringing our nation towards development,” said Dr. Aris Alip, founder and managing director of Center for Agriculture and Rural Development – Mutually Reinforcing Institutions (CARD-MRI).

 CARD-MRI is the biggest MFI NGO in the country, with around 1,780 branches in different parts of the Philippines.

 “The support that the bill accords to microfinance NGOs would ultimately benefit the enterprising poor in terms of greater affordability, accessibility, and variety of micro finance programs and services geared towards the expansion of their livelihoods and furthering their transformative contributions to community development,” the Microfinance Council of the Philippines said in a statement.

 With the House version of the measure already approved, a bicameral conference committee meeting will be held in the coming days to consolidate and finalize the provisions before it will be transmitted to Malacanang for President Aquino’s approval.

2 out of 5 Legacy Laws from Neophyte Senator

In his first two years as legislator, Senator Bam Aquino worked on two of the five most important measures that were enacted into laws by the current administration.

Sen. Bam principally sponsored and co-authored the Philippine Competition Act, now known as Republic Act 10667, and principally sponsored the Foreign Ships Co-Loading Act or Republic Act 10668.

The twin measures were signed into laws by President Aquino. Moreover, the Chief Executive mentioned them as two of the five most important legislations passed by his administration during his sixth and last State of the Nation Address (SONA).

“Dahil sa Kongreso, naipasa ang mga batas na kikilalanin bilang haligi ng transpormasyong sinisimulan natin ngayon…salamat sa Philippine Competition Law…at sa pag-amyenda sa Cabotage Law,” the Chief Executive said.

Aside from the two, the President also cited the Sin Tax Reform Act, the Responsible Parenthood Act and the Act Allowing the Full Entry of Foreign Banks.

President Aquino described the measures as part of the administration’s campaign, “kung walang corrupt, walang mahirap.”

“Hinabol natin ang mga corrupt at nilinis ang sistema, na nanganak ng kumpiyansa sa ating mga merkado. Pumasok ang negosyo, lumawak ang oportunidad… nakikitang meron nang level playing field; naaasahan ang pag-asenso nang hindi kailangang mandaya,” the President said.

Senate President Franklin Drilon, for his part, said that the Philippine Competition Act would address the nation’s long-standing absence of a comprehensive competition law in effect during his speech on the opening of the 3rd regular session of the 16th Congress.

Drilon also noted that the Foreign Ships Co-Loading Act would widen the market and is expected to lower the cost of transport of agricultural goods and other local produces, which ultimately would affect prices of products sold to consumers.

Stakeholders, such as the Makati Business Club, Philippine Chamber of Commerce and Industry and the European Chamber of Commerce in the Philippines, also hailed the passage of the twin laws, saying these would boost the competitiveness of Philippine enterprises and help sustain economic growth.

Dean Tony La Vina, head of the Ateneo School of Government, believes that the Fair Competition Act is the “antidote to the adverse effects of monopolistic behemoths that make our economy less competitive vis-à-vis other Asean member countries.”

“It is a measure that will position us better in the forthcoming Asean economic integration. If well implemented, fair competition will certainly result in prosperity,” he said in his newspaper column.

Furthermore, National Economic and Development Authority (NEDA) head and Socioeconomic Planning Secretary Arsenio Balisacan said that the Philippine Competition Act would reinforce the country’s economy.

“As the bill levels the playing field among businesses, we can expect an increased level of confidence among the international business community, and thus lead to a surge of investments and economic activity, and an expanded logistical capacity,” Balisacan said.

Overall, Sen. Bam now has four laws to his credit. Last year, the President approved the Go Negosyo Act, which was principally authored and sponsored by Sen. Bam, and the Philippine Lemon Law.

The President is also expected to sign the Youth Entrepreneurship Act soon, making it five laws for Sen. Bam, the youngest senator in the 16th Congress.

Four Laws in Two Years for Bam

Four laws in two years.

These were just some of the accomplishments of Sen. Bam Aquino, the youngest senator in the 16th Congress, during his first two years in office.

Included in the four laws authored, co-authored and principally sponsored by Sen. Bam is the landmark Philippine Competition Act or Republic Act 10667, which was passed under his watch as chairman of the Senate Committee on Trade, Commerce and Entrepreneurship, after it gathered dust in the legislative mill for almost 25 years.

Recently signed into law by President Aquino, the Philippine Competition Act will level playing field for all businesses by penalizing anti-competitive agreements and abuses of dominant players, aside from eliminating cartels that control supply and prices of goods in the market.

Aside from the Philippine Competition Act, the Foreign Ships Co-Loading Act was also signed into law by the Chief Executive.

The Foreign Ships Co-Loading Act or Republic Act 10668 will allow foreign ships carrying imported cargoes and cargoes to be exported out of the country to dock in multiple ports.

The law aims to reduce logistics costs for producers, create a more efficient import and export system, and lead to lower prices for consumers.  It will also help in decongesting the major ports in the country.

Last year, the Go Negosyo Act and the Philippine Lemon Law were signed into law by President Aquino.

Sen. Bam’s campaign promises of spurring jobs and enterprise development, levelling the playing field, and ease of dong business were further fulfilled with these macro economic reforms together with the establishment of Negosyo Centers all over the country through the Go Negosyo Act.

“Just as we promised, we have worked tirelessly for the passage of these measures that will create jobs and livelihood for fellow Filipinos and a better business climate for our micro, small and medium enterprises (MSMEs),” said Sen. Bam.

In addition, the President is also expected to sign the Youth Entrepreneurship Act soon.

The Youth Entrepreneurship Act, co-authored and principally sponsored by Sen. Bam, is touted to be an effective tool to solve the growing number of jobless youths in the country, which currently stands at 1.32 million.

The enactment of this into law will make Sen. Bam’s portfolio of laws to five in two years.

“Hindi mahalaga ang edad, kung bagito ka man o beterano sa posisyon natin. Ang mahalaga, kailangang nagtatrabaho tayo para sa kapakanan ng sambayanan na siyang naglagay sa atin sa trabahong ito,” added Sen. Bam.

Moreover, the Responsive, Empowered, Service-Centric Youth Act, which aims to institutionalize youth participation in disaster risk and reduction planning, was passed on third reading.

He was also able to file a committee report on the Mircofinance NGOs Act, which aims to empower the sector that provides microfinancing services to micro businesses.

Aside from his legislative work, Sen. Bam also initiated an investigation into the country’s expensive and slow Internet connection.

The investigation has produced several victories that will help improve the country’s Internet service. It encouraged telecommunication companies to embrace IP peering with the Department of Science and Technology (DOST) while the Department of Justice (DOJ) has released guidelines against deceptive or misleading Internet print, TV and radio advertisements.

The National Telecommunications Commission (NTC), for its part, is also expected to craft a memorandum circular that will set the quality of standards for all telecommunication companies to follow, be it broadband or DSL.

Sen. Bam also looked into the port congestion that hounded the Port of Manila early this year. After several hearings, port operations went back to normal, with utilization rate now between 70 to 80 percent.

Lastly, Sen. Bam worked together with the Department of Trade and Industry (DTI), local governments, the academe, business clubs and other private groups in the establishment of Negosyo Centers that will assist small businesses.

Through the Go Negosyo Act, the Negosyo Centers aim to provide ease of doing business, access to business training & education, development services and financing for the growth of MSMEs.

As of this month, 61 Negosyo Centers have been established and 50 more are expected to be put up by the end of the year.

P-Noy Thanks ‘Kuya Bam’ for PH Competition Law

President Benigno Aquino III thanked Sen. Bam Aquino for his efforts to pass two crucial legislative measures that will further sustain the country’s economic growth and boost the government’s inclusive growth agenda.

In his speech, the Chief Executive lauded Sen. Aquino, whom he playfully referred to as “Kuya Bam”,  for working for the passage of the Philippine Competition Law and the Foreign Ships Co-Loading Act, now known as Republic Act 10667 and 10668, respectively.

The measures were signed by the Chief Executive during a ceremony at Malacanang Palace today (July 21).

“Partikular po nating pinasasalamatan, unahin ko na po, pasensiya na po kayo, ‘yung kuya ko si Bam Aquino, at ang marami pang ibang sponsor at may-akda ng dalawang batas na ito,” President Aquino said in his speech.

The President said the Philippine Competition Act, which took almost 25 years to pass into law, would help sustain the country’s ever-growing economy and ensure a climate that provides a level-playing field for all businesses.

“Sa pamamagitan ng dalawang panukalang batas na pinagtibay natin sa araw na ito, tinatanggal natin ang mga baluktot na kalakarang dulot ng kawalan ng kumpetisyon, na walang nadadalang pakinabang sa ating mamamayan,” said the Chief Executive.

The President also stressed the importance of the Foreign Ships Co-Loading Act, saying that it will lead to lower prices of logistics and lower prices of goods for consumers

“Sa mga amyenda po ninyo, malayang makakapagkalakal ang mga banyagang barko ng kanilang imported at exported na kargamento sa kanilang napiling port of destination. Dahil dito, mapapadali at mapapamura ang export at import ng mga produkto, na magbubunsod ng mas masiglang merkado,” he said.

“Sa pinagtibay nating Philippine Competition Act at Liberalization of Philippine Cabotage, ang pagbabagong tinatamasa natin ngayon ay magpapatuloy hanggang sa mga susunod pang henerasyon,” the Chief Executive stressed.

The Philippine Competition Act levels the playing field for all businesses by penalizing anti-competitive agreements and abuses of dominant players, aside from eliminating cartels.

Under the law, a Philippine Competition Commission (PCC) will be established with the Chief Executive appointing a chairperson, four commissioners and an executive director.

As an independent quasi-judicial body, the PCC will look into anti-competitive behaviors, abuses in dominant positions, and anti-competitive mergers and acquisitions.

The Foreign Ships Co-Loading Act allows foreign ships carrying imported cargoes and cargoes to be exported out of the country to dock in multiple ports.

With the approval of these two measures, Sen. Bam now has four laws to his credit. Last year, the President approved the Go Negosyo Act and the Philippine Lemon Law.

P-Noy to Sign Landmark PH Competition Act and Amendments to Cabotage Policy into Laws

Two important, historic, game-changing bills to continue pushing the country’s progress and inclusive economic growth will be signed into laws by the President tomorrow.

In a ceremonial signing in the Malacanang Palace tomorrow, July 21, Tuesday, at 10 am, President Aquino will approve the landmark Philippine Competition Act, giving the country its own law that will level playing field for all businesses by penalizing anti-competitive agreements and abuses of dominant players.

The Chief Executive is also expected to sign into law the Foreign Ships Co-Loading Act, which will now allow foreign ships carrying imported cargoes and cargoes to be exported out of the country to dock in multiple ports.

The Philippine Competition Act is considered the longest-running measure in Congress, taking 25 years before hurdling the legislative mill.

“The Philippine Competition Act will usher in a new era of doing business in the country,” said Sen. Bam, co-author and principal sponsor of the measure.

Under the law, a Philippine Competition Commission (PCC) will be established with the Chief Executive appointing a chairperson, four commissioners and an executive director.

“Businesses, whether big or small, will now be on equal footing as the law penalizes anti-competitive agreements and abuses of dominant players,” stressed Sen. Bam, adding that cartels will also be eliminated under the law.

As an independent quasi-judicial body, the PCC will look into anti-competitive behaviors, abuses in dominant positions, and anti-competitive mergers and acquisitions.

“This will lead to an efficient market economy and a level playing field for all businesses,” added Sen. Bam, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

The PCC can impose administrative penalties of a maximum fine of P100 million on the first offense and P250 million for the second offense for anti-competitive agreements and abuses of dominant position.

Moreover, courts can impose criminal penalties of imprisonment from two to seven years and a maximum penalty of P250 million for anti-competitive agreements done between and among competitors.  The imprisonment will be imposed to responsible officers and directors of the entity.

Aside from the Philippine Competition Act, the Chief Executive will also sign into law the Foreign Ships Co-Loading Act, another measure sponsored by Sen. Bam.

The Foreign Ships Co-Loading Act will reduce logistics costs for producers, create a more efficient import and export system, and lead to lower prices for consumers.  The law will also help in decongesting the major ports in the country.

With the approval of his two measures, Sen. Bam will have four laws to his credit. Last year, the President approved the Go Negosyo Act and the Philippine Lemon Law.

In addition, the President is also expected to sign the Youth Entrepreneurship Act soon.

The Youth Entrepreneurship Act, co-authored and principally sponsored by Sen. Bam, is touted to be an effective tool to solve the growing number of jobless youths in the country, which currently stands at 1.32 million.

Financial literacy and entrepreneurship courses will now be included in all levels of education to build an entrepreneurship culture among Filipinos.  A youth entrepreneurship fund shall also be made available to cater to youth entrepreneurs in the country.

Sen. Bam’s campaign promises of spurring jobs and enterprise development, levelling the playing field, and ease of dong business were further fulfilled with these macro economic reforms together with the establishment of Negosyo Centers all over the country through the Go Negosyo Act.

3 out of 6 Major Bills in 2015 c/o Bam

Sen. Bam Aquino, the youngest senator of the 16th Congress, made an impact during the second regular session as he sponsored three out of the six major measures ratified during the period.

Foremost of Sen. Aquino’s bills was the Philippine Competition Act, a landmark measure seeking to level the playing field for all business, and eliminate anti-competitive agreements and abuses of dominant players in the market.

The Philippine Competition Act was finally passed under Sen. Bam’s watch as chairman of the Senate Committee on Trade, Commerce and Entrepreneurship after 25 years of gathering dust in the legislative mill.

Sen. Bam also co-authored and sponsored the Foreign Ships Co-Loading Act and the Youth Entrepreneurship Act.

 The Foreign Ships Co-Loading Act will now allow foreign ships carrying imported cargoes and cargoes to be exported out of the country to dock in multiple ports. This will reduce logistics costs and lead to lower prices for consumers.

In addition, it will also lead to more efficient port operations and a more competitive Philippines in the ASEAN integration.

The Youth Entrepreneurship Act, for its part, is seen as an effective tool to address the growing number of jobless young people in the country, which currently stands at 1.32 million.

Financial literacy and entrepreneurship courses will now be included in all levels of education to build an entrepreneurship culture among Filipinos.  A youth entrepreneurship fund shall also be made available to cater to youth entrepreneurs in the country.

Last year, Sen. Bam’s Go Negosyo Act and the Philippine Lemon Law were enacted into laws and are now awaiting for the said three bills to be signed by the President.  Once signed, Sen. Bam’s portfolio will consist of five laws in two years. 

 “Hindi mahalaga kung neophyte o beterano sa senado. Ang mahalaga ay kung makakagawa ka ng mga panukala na makakapagpabuti sa buhay ng nakararaming Pilipino,” Sen. Bam said.

Aside from these three measures, the 16th Congress also ratified measures ensuring the safety of children aboard two-wheeled motorcycles travelling along public and private roads, protecting the amateur nature of student-athletes in the country and the establishment of an open high school system in the country.

DOJ, Private Businesses Welcome Passage of Bill Penalizing Cartels, Abuse of Dominance

Stakeholders, led by the Department of Justice (DOJ), welcomed the long-awaited approval of the Philippine Competition Act, a landmark legislation that will level the playing field for all types of businesses

In a statement, DOJ Secretary Leila de Lima lauded Sen. Bam Aquino and Rep. Dakila Carlo Cua for their energy and dedication to work for the passage of the bill, which gathered dust for almost 25 years in the legislative mill.

Sen. Bam, chairman of the Committee on Trade, Commerce and Entrepreneurship, was the main author and sponsor of the measure, which is expected be signed into law by President Aquino.

“The Department will continue to support legislation that will level the playing field and inject fairness and transparency in dealings and transactions specially those affecting small businesses and consumers,” De Lima said.

“This legislation actually rewards good business practices and goes against those who exploit markets or engage in abusive behavior,” said DOJ Assistant Secretary Geronimo Sy, head of DOJ-Office for Competition.

 “Building a competition culture across all sectors of society is key. We are happy that we finally passed it,” added Sy.

Under the proposed law, the DOJ-Office for Competition is assigned to investigate cartels that are considered criminal actions.

Meanwhile, the Philippine Chamber of Commerce and Industry (PCCI) expects a sustained strong economy with ratification of the Philippine Competition Act.

 “This law will push businesses to engage in a healthy rivalry so that they will gain more consumers. It gives us the incentive to be more efficient and to offer the public better quality products and services,” PCCI president Alfredo M. Yao said in a statement.

If enacted into law, Yao added that the Philippine Competition Act will encourage the entry of small firms into the market “with the expectation that rules will be applied equally to all.”

The European Chamber of Commerce in the Philippines, for its part, expressed full support behind the passage of a national competition law, saying it would “ensure a level playing field for business, protect consumer welfare and make the Philippine economy more competitive.”

“The passage of this landmark measure materialized through the collective efforts of the Senate and House and the full support of private stakeholders,” Sen. Bam said.

 Sen. Bam added that private stakeholders, such as the PCCI and the ECCP, were consulted in the crafting of the measure to ensure that the bill would be pro-business, pro-poor and pro-consumer.

After Long Wait, Congress Ratifies Act Penalizing Cartels, Abuse of Dominant Positions

“Historic, game-changing for our economy,” Sen. Bam Aquino describes the Philippine Competition Act after its ratification.

 After three decades of waiting and 30 hours of bicameral conference hearing, Congress has finally ratified the Philippine Competition Act that penalizes bad market behavior and abuse of dominant positions.

“If enacted into law, the measure will create a level playing field, whether big or small, when it comes to market opportunities,” said Sen. Bam Aquino, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

For almost thirty years, the Philippines has remained one of few countries that does not have a valid competition policy that will protect its consumers and private industries.

“It has been one of the longest running bills in our history,” Sen. Bam said, as the first competition policy was filed in the 8th Congress.

After World War II, Japan passed its Original Antimonopoly Law in 1947 while the United Kingdom passed its Monopolies and Restrictive Practices Act in 1948.

Other ASEAN countries have also passed their respective competition laws, starting with Indonesia and Thailand in 1999, Singapore in 2004, Vietnam in 2005, and Malaysia in 2012.

“This is primary a huge victory for millions of consumers, who, in the end, will be the ultimate beneficiaries of this measure,” added Sen. Bam, whose Senate Bill No. 1027 or the Philippine Competition Act was among the measures consolidated under Senate Bill No. 2282.

President Aquino is expected to sign the measure into law as it is one of his administration’s urgent measures.

Sen. Bam said the Philippine Competition Act is expected to eliminate cartels, and penalize anti-competitive agreements and abuses of dominant players in the markets that lead to high prices of goods and services.

“In addition, the Philippine Competition Act promotes a culture of healthy competition that inspires ingenuity, creativity, and innovation in addressing market needs,” Sen. Bam said.

“We need more players in our markets, so that the quality of products and services increases, and prices of goods would then go down,” Sen. Bam added.

 The measure will also prohibit anti-competitive agreements and abuses of dominant position that distort, manipulate, or constrict the operations of markets in the Philippines.

“We thank the hard work of our fellow senators and our congress counterparts in coming up with a solid bill that will further help our economy down the road,” Sen. Bam emphasized.

Sen. Bam also credited the late Rep. Henry Cojuangco for actively pursuing the bill’s House version. Cojuangco died from aneurysm, hours before the bill hurdled the second reading at the House of Representatives last May 12. 

“Panalo ang taumbayan dahil sa pagpasa ng panukalang ito,” the senator highlighted.

“We would like to tell the world that with the Philippine Competition Act, our country is now open for business,” Sen. Bam happily declared.

Bam: Make Final Push for 18-percent Poverty Incidence Rate

Senator Bam Aquino encouraged concerned government agencies to make a strong final push to reach the government poverty incidence target of 18 percent in 2016.

 

“Let’s put the right enterprise programs and really give it a strong final push for this administration that will uplift our poor Filipinos,” said Sen. Bam during the hearing of the Committee on Social Justice, Welfare and Rural Development on the Magna Carta of the Poor bills.

 

At present, Department of Social Welfare and Development Secretary Dinky Soliman said the country’s poverty incidence rate is 25.8 percent or about 25.8 million Filipinos.

 

Sen. Bam also stressed the need to consolidate, rationalize and coordinate the livelihood programs of different government agencies to effectively address the country’s poverty incidence.

 

In addition, Sen. Bam also encouraged DSWD to look at enterprise development as the next logical step for the Pantawid Pamilyang Pilipino Program or the 4Ps.

 

“A lot of study shows that there is a need to have government interventions at different points of enterprise development to enable poor Filipinos to get out of poverty,” Sen. Bam said.

 

During the hearing, the DSWD, the National Anti-Poverty Commission and the Department of Finance expressed support for the passage of Sen. Bam’s Senate Bill No. 2370 or the Magna Carta of the Poor Act.

 

“We should consolidate all livelihood programs and align them according to the needs of the beneficiaries,” Sen. Bam encouraged the agencies.

 

“Interventions need not be financial alone, we can help them through product design and development, financial management and marketing training, or market linkage,” explained Sen. Bam, a former social entrepreneur.

(Photo from globalbalita.com)

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