Economy
Committee on Committee on Economic Affairs
UBE DEVELOPMENT ACT
The Ube Development Act aims to promote the planning, development, and export of ube (purple yam) in the Philippines, establishing a framework and support systems for farmers and exporters.
ADOPTION OF ALTERNATIVE WORK ARRANGEMENTS IN ENTERPRISES
Senate Bill No. 2148 allows enterprises registered with Investment Promotion Agencies to adopt alternative work arrangements without losing fiscal incentives. It amends Section 309 of the National Internal Revenue Code to clarify that such arrangements can include telecommuting and hybrid work, provided they are mutually agreed upon by employers and employees.
JOSE PANGANIBAN SPECIAL ECONOMIC ZONE AND FREEPORT ACT
This bill establishes the Jose Panganiban Special Economic Zone and Freeport in Camarines Norte, aiming to attract investments and stimulate economic growth in the region.
STRENGTHENING FURTHER THE POWERS AND FUNCTIONS OF THE PHILIPPINE ECONOMIC ZONE AUTHORITY
This bill aims to strengthen the Philippine Economic Zone Authority (PEZA) by expanding its regulatory powers, enhancing investor incentives, and modernizing infrastructure governance. It proposes amendments to the Special Economic Zone Act of 1995 to create a more competitive environment for foreign investments.
COFFEE INDUSTRY DEVELOPMENT ACT
The Coffee Industry Development Act aims to establish a national program to support and develop the coffee industry in the Philippines, including the creation of a National Coffee Board and the allocation of funds for various industry initiatives.
MAGNA CARTA FOR MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES)
This bill aims to enhance support for Micro, Small, and Medium Enterprises (MSMEs) by amending the Magna Carta for MSMEs. It introduces measures to improve access to financing, reduce costs for permits, and ensure government procurement opportunities for MSMEs.
REVISED CHARTER OF THE PHILIPPINE INTERNATIONAL TRADING CORPORATION
This bill seeks to extend the corporate life and expand the powers of the Philippine International Trading Corporation (PITC) by amending its existing charter. It aims to enhance PITC's role in international trade and establish a stockpile division for strategic materials.
RESILIENCE AND ECONOMIC LIFELINE TO INDIVIDUALS AND ENTERPRISES IN THE FUEL AND ENERGY CRISIS
This bill aims to provide relief and recovery interventions to low-income earners, minimum wage earners, self-earning individuals, and micro, small, and medium enterprises during the national energy emergency caused by global oil price increases.
BAYANIHAN 3: POWER OF THE PEOPLE ACT
The Bayanihan 3: Power of the People Act aims to address the national emergency caused by the 2026 Global Oil Crisis by granting the President emergency powers to stabilize energy supply, ensure food security, and promote economic resilience.
BUSINESS INCENTIVES FOR OFWS ACT
The Business Incentives for OFWs Act aims to provide various incentives, benefits, and training to Overseas Filipino Workers (OFWs) who wish to invest in businesses in the Philippines.
GRANTING THE PRESIDENT THE POWER TO SUSPEND THE EXCISE TAX ON PETROLEUM PRODUCTS
This bill grants the President of the Philippines the authority to suspend the excise tax on petroleum products during national or global economic emergencies, allowing for a more flexible response to economic fluctuations.
RICE INDUSTRY AND CONSUMER EMPOWERMWNT (RICE) ACT
The Rice Industry and Consumer Empowerment (RICE) Act aims to enhance rice security in the Philippines by amending the Agricultural Tariffication Act. It seeks to stabilize rice supply and prices, strengthen the National Food Authority's (NFA) regulatory powers, and protect farmers from distress sales.
NATIONAL MICRO SMAAL, AND MEDIUM ENTERPRISE (MSME) MONTH ACT
This bill declares July of every year as 'Micro, Small, and Medium Enterprise (MSME) Month' in the Philippines and provides for funding to support related activities and programs.
NATIONAL RECOVERY AND ACCELERATION PROGRAM ACT
The National Recovery and Acceleration Program Act aims to reduce poverty and improve economic conditions in the five poorest provinces of the Philippines by establishing a comprehensive program that includes infrastructure, social services, and economic empowerment initiatives.
AGRICULTURAL VALUE CHAIN PRICE ACT
The Agricultural Value Chain Price Act aims to stabilize prices across the agricultural value chain by regulating farmgate and wholesale prices, establishing a digital dashboard for agricultural data, and imposing penalties for price manipulation.
PONDO SA PAGBABAGO AT PAG-ASENSO (P3) ACT OF 2026
The Pondo sa Pagbabago at Pag-asenso (P3) Act of 2026 aims to promote entrepreneurship by establishing a financing program for micro and small enterprises (MSEs) in the Philippines, providing accessible loans and cash assistance, and offering capacity-building support.
INSTITUTIONALZING THE APPOINTMENT OF ECONOMIC AND INVESTMENT PROMOTION OFFICERS
This bill aims to institutionalize the appointment of Economic and Investment Promotion Officers (EIPOs) in local government units (LGUs) by amending the Local Government Code of 1991. It specifies the qualifications, powers, and duties of EIPOs, making their appointment mandatory for certain municipalities and cities.
SOCIAL BENEFITS CORPORATION ACT
This bill aims to amend the Revised Corporation Code of the Philippines to establish a new type of corporation called a Social Benefit Corporation, which focuses on improving the well-being of marginalized sectors while allowing for profit generation.
ONLINE SMALL ENTERPRISE SUPPORT SERVICES ACT
The Online Small Enterprise Support Services Act aims to provide support services for small entrepreneurs operating online, facilitating their integration into the formal economy.
THE PHILIPPINE MOTOR VEHICLE MANUFACTURING INDUSTRY ACT
The bill aims to strengthen the competitiveness of the Philippine motor vehicle manufacturing industry by establishing policies and frameworks to enhance production, create jobs, and integrate local manufacturing into global markets.
GREEN LANES FOR STRATEGIC INVESTMENTS ACT
The Green Lanes for Strategic Investments Act aims to create a streamlined and automated process for permitting and licensing strategic investments in the Philippines, addressing regulatory inefficiencies that hinder foreign direct investment.
RICE INDUSTRY AND CONSUMER EMPOWERMENT (RICE) ACT
The Rice Industry and Consumer Empowerment (RICE) Act aims to enhance rice security in the Philippines by ensuring a stable supply and price of rice. It proposes amendments to the Agricultural Tariffication Act to strengthen the National Food Authority's (NFA) regulatory powers, adjust buffer stock requirements, and introduce penalties for violations of rice pricing policies.
BUSINESS INCENTIVES FOR OFWS ACT
The Business Incentives for OFWs Act aims to provide various incentives, benefits, and training to Overseas Filipino Workers (OFWs) who wish to invest in businesses in the Philippines. It includes tax exemptions, reduced property taxes, and access to financing to support their reintegration into the local economy.
PHILIPPINE NATIONAL COFFEE INDUSTRY DEVELOPMENT ACT OF 2025
The Philippine National Coffee Industry Development Act of 2025 aims to establish a comprehensive framework for the coffee industry, create the Philippine Coffee Board, and provide support mechanisms to enhance coffee production and competitiveness in the Philippines.
VAT REDUCTION ACT OF 2025
Senate Bill No. 1552 proposes to reduce the Value-Added Tax (VAT) from 12% to 10%, amending specific sections of the National Internal Revenue Code. This change aims to align the Philippines' VAT rate with those of neighboring countries and alleviate the financial burden on low- and middle-income households.
RURAL FINANCIAL INCLUSION AND LITERACY ACT
The Rural Financial Inclusion and Literacy Act aims to enhance financial inclusion and literacy in rural areas by establishing a program to engage citizens with financial institutions and improve their financial knowledge and skills.
PONDO SA PAGBABAGO AT PAGASENSO (P3) ACT
The Pondo sa Pagbabago at Pag-asenso (P3) Act aims to promote entrepreneurship by establishing a sustainable financing program for micro enterprises, providing affordable loans and support to boost their growth and stability.
ABOLISHING THE TRAVEL TAX
Senate Bill No. 1529 proposes to abolish the travel tax imposed on Filipinos and nationals of ASEAN member states traveling to other ASEAN countries. This bill aims to enhance mobility and align with regional agreements.
POVERTY REDUCTION THROUGH SOCIAL ENTREPRENEURSHIP (PRESENT) ACT
The bill establishes the Poverty Reduction Through Social Entrepreneurship (PRESENT) Program to support social enterprises in alleviating poverty in the Philippines. It aims to provide financial and technical assistance, create a Social Enterprise Development Fund, and promote inclusive economic growth through social enterprises.
AN ACT PROMOTING ENTREPRENUERSHIP AND LIVELIHOOD IN 4PS
This bill aims to enhance the Pantawid Pamilyang Pilipino Program (4Ps) by incorporating components for entrepreneurship and livelihood training, thereby promoting sustainable development among beneficiaries.
FUEL SUBSIDY PROGRAM ACT
The Fuel Subsidy Program Act aims to create a structured fuel subsidy program to support sectors affected by fuel price increases, providing monthly cash assistance to eligible beneficiaries.
RATIONALIZING THE WITHHOLDING TAX RATE ON REFINED PETROLEUM PRODUCTS
This bill aims to lower the withholding tax rate on income derived from the sale of refined petroleum products to a maximum of 0.1%. It seeks to ease cash flow constraints for oil companies, potentially leading to lower fuel prices for consumers.
DURIAN EXPORT PROMOTION ACT
The Durian Export Promotion Act aims to enhance the planning, development, and export of durian in the Philippines by establishing a council and providing necessary funding for various support programs.
ENTERPRISE PRODUCTIVITY ACT
The Enterprise Productivity Act aims to promote inclusive and sustainable productivity growth while repealing the existing Productivity Incentives Act of 1990.
MSME STIMULUS ACT
The MSME Stimulus Act aims to support the recovery and growth of micro, small, and medium enterprises (MSMEs) in the Philippines by providing financial assistance and wage subsidies, particularly during crises.
BUY PINOY, BUILD PINOY MONTH ACT
The bill designates November as 'Buy Pinoy, Build Pinoy Month' to encourage the public and private sectors to prioritize Filipino products, labor, and services, aiming to boost local businesses and the economy.
PONDO SA PAGBABAGO AT PAG-ASENSO (P3) ACT
The Pondo sa Pagbabago at Pag-asenso (P3) Act aims to promote entrepreneurship by establishing a sustainable financing program for micro and small enterprises (MSEs) through the P3 Fund, which will provide accessible loans with low interest rates and no collateral requirements.
SUPORTA PARA SA PRODUKTONG PILIPINO ACT OF 2025
The Suporta Para sa Produktong Pilipino Act of 2025 aims to establish a program that provides financial support to local businesses, specifically Micro, Small, and Medium Enterprises (MSMEs), by granting at least ₱10,000 for a chosen finished good in each city and municipality.
POVERTY REDUCTION THROUGH SOCIAL ENTREPRENEURSHIP ACT
The Poverty Reduction through Social Entrepreneurship Act aims to promote social enterprises to alleviate poverty by establishing the Poverty Reduction through Social Entrepreneurship (PRESENT) Program, which will provide support, benefits, and appropriations for social enterprises that engage marginalized sectors as primary stakeholders.
NATIONAL QUALITY INFRASTRUCTURE DEVELOPMENT ACT
The National Quality Infrastructure Development Act aims to establish a national quality policy and create the Philippine National Quality Infrastructure Coordinating Council to enhance the country's quality infrastructure, promoting competitiveness and consumer protection.
SUPORTA PARA SA PRODUKTONG PILIPINO ACT
The bill establishes the Suporta Para sa Produktong Pilipino Program to promote the use of locally produced goods and services, providing financial support to eligible micro, small, and medium enterprises (MSMEs).
SCIENCE AND TECHNOLOGY PARKS ACT
The Science and Technology Parks Act aims to establish guidelines and incentives for developing Science and Technology Parks (STPs) in the Philippines, promoting research, innovation, and technology transfer.
EXPORT AND INVESTMENTS DEVELOPMENT ACT
This bill aims to enhance the global competitiveness of Philippine products and services by amending the Export Development Act of 1994. It seeks to support micro, small, and medium enterprises (MSMEs), streamline export processes, and establish an Export Green Lane Facility for qualified exporters.
ENHANCING CREDIT SUPPORT TO MICRO, SMALL AND MEDIUM ENTERPRISES
This bill aims to enhance credit support for micro, small, and medium enterprises (MSMEs) by amending the existing provisions of the Magna Carta for MSMEs. It mandates lending institutions to allocate at least 10% of their total loan portfolio to MSMEs, improving access to finance for these businesses.
SCIENCE FOR CHANGE PROGRAM (S4CP) ACT
The Science for Change Program (S4CP) Act aims to enhance science, technology, and innovation in the Philippines by establishing a national research and development agenda and mandating the adoption of publicly funded technologies across government entities.
AGRICULTURE INFORMATION SYSTEM ACT
The Agriculture Information System Act aims to create a computerized and web-based system for agricultural data collection and sharing across all cities and municipalities in the Philippines. This system will link local agricultural data to the Philippine Statistics Authority for better access to real-time information.
RURAL FINANCIAL INCLUSION AND LITERACY ACT
The Rural Financial Inclusion and Literacy Act aims to enhance financial inclusion and literacy in rural areas by establishing a program to engage with financial institutions and provide education on financial management.
GFIS UNIFIED INITIATIVES TO DISTRESSED ENTERPRISES FOR ECONOMIC RECOVERY (GUIDE) ACT
The GFIS Unified Initiatives to Distressed Enterprises for Economic Recovery (GUIDE) Act aims to provide financial support to micro, small, and medium enterprises (MSMEs) and strategically important companies affected by the COVID-19 pandemic. It seeks to enhance the loan programs of government financial institutions like the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LandBank).
SCIENCE FOR CHANGE PROGRAM
The bill establishes the Science for Change Program under the Department of Science and Technology (DOST) to enhance research and development (R&D) in the Philippines, aiming to improve national competitiveness and address various societal challenges.
MORINGA DEVELOPMENT ACT
The Moringa Development Act aims to promote the planning, development, and export of Moringa (Moringa oleifera), also known as malunggay, by establishing a framework for its industry and providing necessary funding.
ENHANCED STARTUP LAW
This bill amends the Innovative Startup Act to expand the definition of startups, enhance inter-agency coordination, establish a Startup Program Secretariat, and introduce additional measures to support innovation-driven enterprises in the Philippines.
BUSINESS FORMALIZATION, INTEGRATION AND TRANSITION ACT OF 2025
The Business Formalization, Integration and Transition Act of 2025 aims to create a program that simplifies the registration process for micro and small enterprises, providing them with transitional support and access to government assistance.
ENHANCED GO NEGOSYO ACT OF 2025
The Enhanced Go Negosyo Act of 2025 aims to modernize the national business development services ecosystem by amending the existing Go Negosyo Act. It seeks to strengthen Negosyo Centers to better support micro, small, and medium enterprises (MSMEs) through various initiatives, including a voucher system for business development services and the institutionalization of mentoring programs.
REGIONAL INNOVATION ECOSYSTEM DEVELOPMENT ACT OF 2025
The bill establishes Regional Research, Development, and Innovation Committees (RRDICs) to enhance regional innovation ecosystems and implement the Philippine Innovation Act at the regional level.
POVERTY REDUCTION THROUGH SOCIAL ENTREPRENEURSHIP (PRESENT) ACT
The Poverty Reduction through Social Entrepreneurship (PRESENT) Act aims to promote social enterprises as a means to alleviate poverty in the Philippines. It establishes the PRESENT Program to provide support, benefits, and appropriations for social enterprises that engage marginalized sectors as primary stakeholders.
AMENDING P.D. NO. 194 (AUTHORIZING ALIENS TO OWNED OR ENGAGE IN RICE AND CORN INDUSTRY)
This bill amends Presidential Decree No. 194 to allow foreign investors to fully engage in the rice and corn industry without the requirement to divest a majority of their equity to Filipino citizens.
PHILIPPINE GLOBAL VALUE CHAIN (GVC) INTEGRATION ACT
The Philippine Global Value Chain (GVC) Integration Act aims to establish a National Supplier Development Program to enhance the participation of Micro, Small, and Medium Enterprises (MSMEs) in domestic and global value chains. It creates a Supplier Development Fund and provides incentives for anchor firms to support MSMEs in meeting industry standards and requirements.
WAREHOUSE RECEIPTS ACT OF 2025
The Warehouse Receipts Act of 2025 aims to modernize the existing warehouse receipts law to facilitate trade and commerce, particularly benefiting the agricultural sector by allowing farmers to use their harvest as collateral for loans. It establishes an online registry for warehouse receipts and creates the Warehousing Accreditation Council to oversee warehouse operations and ensure compliance with standards.
BUSINESS INCENTIVES FOR OFWS ACT
The Business Incentives for OFWs Act aims to provide benefits and incentives to Overseas Filipino Workers (OFWs) who invest in businesses in the Philippines, including tax exemptions and financial literacy programs.
WORKERS PROTECTION AND SKILLS DEVELOPMENT ON DIGITAL ECONOMY JOB DISTRIBUTION
This bill aims to enhance workers' protection and skills development in the context of job disruptions caused by the digital economy. It establishes a National Task Force to address the challenges faced by workers in this evolving sector.
MANGO EXPORT PROMOTION ACT
The Mango Export Promotion Act aims to enhance the planning, development, and export of Philippine mangoes by establishing a council and providing funding for various initiatives.
BANANA EXPORT PROMOTION ACT
The Banana Export Promotion Act aims to enhance the planning, development, and export of bananas in the Philippines by establishing a council and providing necessary funding through the annual General Appropriations Act.
PINEAPPLE EXPORT PROMOTION ACT
The Pineapple Export Promotion Act aims to enhance the planning, development, and export of pineapples in the Philippines by establishing a council and providing necessary funding.
ABOLISHING THE TRAVEL TAX ON FILIPINOS FOR ECONOMY PASSAGE
This bill aims to abolish the travel tax for Filipinos traveling on economy class, amending existing laws that impose this tax. It seeks to ease the financial burden on travelers and promote tourism.
POVERTY REDUCTION THROUGH SOCIAL ENTREPRENEURSHIP (PRESENT) ACT
The Poverty Reduction Through Social Entrepreneurship (PRESENT) Act aims to institutionalize a program that promotes social enterprises, particularly those involving the poor as primary stakeholders, to reduce poverty in the Philippines.
MICRO, SMALL AND MEDIUM ENTERPRISES (EXPANDING THE NUMBER OF QUALIFIED BENEFICIARIES)
This bill aims to expand the number of qualified beneficiaries under the Magna Carta for Micro, Small and Medium Enterprises by adjusting the asset thresholds for each category of enterprise. It proposes to redefine the asset limits for micro, small, and medium enterprises to reflect current economic conditions, thereby allowing more businesses to access government support and benefits.
PONDO SA PAGBABAGO AT PAG-ASENSO (P3) ACT
The Pondo sa Pagbabago at Pag-asenso (P3) Act aims to promote entrepreneurship by establishing a financing program for micro and small enterprises (MSEs) through the Pondo sa Pagbabago at Pag-asenso Program, which will be implemented by the Small Business Corporation (SBCorp) under the Department of Trade and Industry (DTI).
POVERTY REDUCTION THROUGH SOCIAL ENTREPRENEURSHIP ACT
The Poverty Reduction through Social Entrepreneurship Act aims to promote social enterprises as a strategy to alleviate poverty in the Philippines. It establishes the Poverty Reduction through Social Entrepreneurship (PRESENT) Program, which will provide support, benefits, and appropriations to social enterprises that engage marginalized sectors as primary stakeholders.
GREEN LANE FOR STRATEGIC INVESTMENTS ACT
The Green Lane for Strategic Investments Act aims to streamline the permitting and licensing process for strategic investments in the Philippines by establishing a Green Lane system and a One-Stop Action Center for Strategic Investments.
PONDO SA PAGBABAGO AT PAG-ASENSO (P3) ACT
The Pondo sa Pagbabago at Pag-asenso (P3) Act aims to establish a socialized micro financing program for micro enterprises, promoting entrepreneurship by providing affordable loans and assistance to micro and small enterprises (MSEs).
HEMP INDUSTRY DEVELOPMENT ACT
The Hemp Industry Development Act aims to legalize the cultivation of industrial hemp in the Philippines and establish a comprehensive development plan for the hemp industry, including research, development, and capacity-building initiatives.
RICE INDUSTRY AND CONSUMER EMPOWERMENT (RICE) ACT
The Rice Industry and Consumer Empowerment (RICE) Act aims to enhance rice security in the Philippines by ensuring a stable supply and price of rice. It seeks to strengthen the National Food Authority's role in regulating rice supply and prices, including provisions for buffer stocks, penalties for hoarding, and the establishment of floor prices for palay.
PANGKABUHAYAN ACT OF 2025
The Pangkabuhayan Act of 2025 aims to support micro, small, and medium enterprises (MSMEs) by establishing a framework for sustainable livelihood and entrepreneurship, including a dedicated fund and mandatory credit allocation for MSMEs.
TAX RELIEF TO MICRO, SMALL AND MEDIUM ENTERPRISES
This bill aims to provide temporary tax relief to micro, small, and medium enterprises (MSMEs) by exempting them from income tax for three years and allowing a 25% deduction on labor expenses.
REDUCING THE COST OF BUSINESS COMPLIANCE FOR MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES)
This bill aims to promote business growth and recovery for micro, small, and medium enterprises (MSMEs) by reducing their compliance costs with tax regulations. It proposes to lower the optional tax rate on gross sales or receipts from 8% to 5% and simplify the withholding tax rates for purchases of goods and services.
REINSTITUTING MANDATORY CREDIT ALLOCATION FOR MICRO, SMALL AND MEDIUM ENTERPRISES
This bill aims to reinstate mandatory credit allocation for micro, small, and medium enterprises (MSMEs) by requiring lending institutions to set aside a portion of their loan portfolio for MSME credit, while imposing penalties for noncompliance.
PHILIPPINE UNIFIED HALAL CERTIFICATION ACT
The Philippine Unified Halal Certification Act aims to establish a unified certification system for halal products, processes, and services in the Philippines, ensuring compliance with Islamic principles and enhancing the marketability of halal products.