Tag: MSMEs

Opening statement at the Senate Special Oversight Committee on the Regional Comprehensive Economic Partnership (RCEP)

August 20, 2024

Senate Special Oversight Committee on the Regional Comprehensive Economic Partnership (RCEP) Agreement  Our hearing today is called in accordance with the Government’s commitment to ensure that the promised economic benefits from the Regional Comprehensive Economic Partnership Agreement (RCEP) will be fulfilled. RCEP, a free trade agreement between the 10 ASEAN Member States and 5 of…
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PHOTO RELEASE: Jinggoy wants tax refund for foreigners to boost tourist traffic

May 19, 2023

Jinggoy wants tax refund for foreigners to boost tourist traffic: Senator Jinggoy Ejercito Estrada calls for the legislation of a value-added tax (VAT) refund mechanism for foreign tourists, allowing them to get a rebate of the 12% VAT on goods they bought from the Philippines, similar to the practice of other countries. “Kung tataas ang benta…
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Senate labor panel OKs P150 wage hike bill

May 10, 2023

(MANILA BULLETIN) The Senate Committee on Labor, Employment and Human Resources has “approved in principle” the bill seeking for a P150 across-the-board wage increase for all private sector workers in the country.  The panel, which is headed by Sen. Jinggoy Ejercito Estrada, will now discuss the proposed graduated increase scheme for micro, small and medium enterprises…
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18,000 cops to secure Labor Day rallies

April 30, 2023

(PHILSTAR) MANILA, Philippines — Around 18,000 police officers will be deployed throughout the country on Labor Day tomorrow to ensure security at demonstrations by cause-oriented groups, the Philippine National Police (PNP) said yesterday. Colonel Jean Fajardo, PNP spokesperson, said police officers will secure freedom parks and major thoroughfares where workers’ unions and other cause-oriented groups are expected to hold demonstrations. “Our concentration is here at freedom…
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Co-Authorship and Co-Sponsorship Remarks on Institutionalization Shared Service Facilities (SBN-2021, CRN-59)

March 22, 2023

Ginoong Pangulo, siyamnapu’t siyam na porsyento (99%) ng mga enterprises sa ating bansa ay micro, small and medium enterprises (MSMEs). According to the 2020 list of establishments of the Philippine Statistics Authority, they generated more than five million jobs or 62.66% of the country’s total employment. Moreover, they account for 25% of the country’s total…
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Statement of Senator Jinggoy Ejercito Estrada on wage hike bills

March 15, 2023

STATEMENT OF SENATOR JINGGOY EJERCITO ESTRADA ON WAGE HIKE BILLS 15 March 2023 It’s been only a year since the full reopening of the country’s economy following two-year extensive COVID-19 restrictions. Despite the projected strong economic rebound, we’re still struggling in trying to return to the pre-pandemic levels. The inflation rate, as of last month,…
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Statement of Senator Jinggoy Ejercito Estrada on the latest labor force survey

January 6, 2023

The country’s employment rate continues to improve since the last quarter of 2022 based on the figures presented by the Philippine Statistics Authority. Mula sa 4.5% o 2.24 milyong unemployed na mga Pilipino noong Oktubre 2022, bumaba pa ito sa 4.2% o 2.18 milyon base sa pinakahuling survey ng PSA.  Kung susuriing maiigi at ayon…
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Estrada says improved jobless rate good sign for economy

January 6, 2023

(INQUIRER) Senator Jinggoy Ejercito Estrada said that the better unemployment rate is a sign that the government may no longer need to provide aid to citizens. According to the Philippine Statistics Authority, the country’s unemployment rate eased to 4.2 percent while the underemployment rate grew to 14.4 percent in November 2022. “Sa sitwasyong ganito, matutukan na ng…
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Jinggoy Estrada proposes ‘paycheck protection program’ for MSMEs

February 28, 2022

MANILA, Philippines — To help micro- small- and medium-sized enterprises (MSMEs) that were severely affected by the COVID-19 pandemic, former senator Jinggoy Estrada wants to institutionalize a ‘paycheck protection program’ once elected to a fresh Senate term. Originally adopted in the United States and implemented by local government units like Makati City, Estrada said the…
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