Trade and Commerce
EXTENDING THE CORPORATE LIFE AND EXPANDING THE POWERS OF THE PITC
This bill aims to extend the corporate life of the Philippine International Trading Corporation (PITC) until July 21, 2077, and to expand its powers, including the establishment of a Strategic and Critical Materials Stockpile Division to manage essential supplies during emergencies.
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.
PARKING FEE REGULATION ACT
The Parking Fee Regulation Act aims to regulate parking fees in commercial and business establishments, ensuring fair pricing and providing free parking for senior citizens and persons with disabilities for the first three hours.
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.
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.