Members of the House of Representatives move closer in passing a bill that supersedes certain provisions of an 84-year old act that restricts foreign ownership of public utilities in the country.

With many groups supporting measures regarding tax reform, Sen. Cayetano welcomes further discussions and deliberations for Passive Income and Financial Intermediary Taxation Act (PIFITA).

The Senate seeks to clarify the powers of both the legislative and executive departments on abrogating foreign agreements to the Supreme Court.

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According to Binay, the issues raised in the petition against ABS-CBN can be cured through proper amendments. Binay also believes that these allegations of abuse as well as other violations by the network would be best addressed in legislative hearings.

Senator Pia Cayetano has assured the public that the committee report on the proposed Corporate Income Tax and Incentives Rationalization Act (CITIRA) will be fair to all sectors.