कोशिश गोल्ड - मुक्त

Senate chief wants to keep impeachment rules

Business World Philippines

|

May 16, 2025

SENATE President Francis “Chiz” G. Escudero on Thursday said that he is looking to retain the Senate's Rules of Impeachment for the upcoming trial of Vice-President Sara Duterte-Carpio.

Mr. Escudero said there were proposals from the legal team and various senators during the congressional recess to change the rules.

“The direction I am personally taking right now is to suggest to the impeachment court not to change the rules because the Senate and the institution of the Senate might be accused of changing the rules in the middle of the game to favor one side or the other,” the Senate chief said in a media briefing, in mixed Filipino and English.

Mr. Escudero added that he will propose that any changes in the impeachment rules should be applied to future impeachment cases.

He said that his proposal is still subject to the approval of the Senator Judges that will be sworn-in once Congress resumes in June.

“We can still discuss them, but they will be prospectively applicable to future impeachment complaints that will be discussed by the Senate and not to the current impeachment that we are facing right now,” he added.

Mr. Escudero also called on newly elected and re-elected Senators to refrain from giving out their positions regarding the upcoming impeachment trial.

“According to the rules, they should avoid giving out their categorical position regarding this until the trial has begun and they have not seen any evidence in favor or against the defendant,” he added.

Congress, which went on a nearly four-month long break on Feb. 8 for the midterm elections, is set to resume on June 2-13.

Business World Philippines से और कहानियाँ

Business World Philippines

PNB, Discovery Capital Finance ink partnership to boost SME lending

PHILIPPINE National Bank (PNB) has partnered with Discovery Capital Finance Corp. (DCFC) for a loan facility to boost financing for small and medium enterprises (SMEs).

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

PHINMA Education adds 12,000 slots with new Quezon City, Cebu buildings

PHINMA EDUCATION Holdings, Inc. said it aims to enroll 12,000 additional students at its Quezon City and Cebu educational institutions with the inauguration of new buildings.

time to read

1 mins

December 18, 2025

Business World Philippines

Yields on seven-day deposits drop further after Fed, BSP cuts

YIELD on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits fell on Wednesday as the offer was met with strong demand following cuts to benchmark rates here and in the United States.

time to read

2 mins

December 18, 2025

Business World Philippines

AMRO says impact of BSP rate adjustments are delayed, limited

THE TRANSMISSION of the Bangko Sentral ng Pilipinas' (BSP) monetary policy adjustments into the financial system remains delayed and limited, a report from the ASEAN+3 Macroeconomic Research Office (AMRO) showed.

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

Château Angélus: Still chiming in Manila

WHEN Hubert de Boüard, owner of Château Angélus, arrived in Manila last month to host a wine dinner at Wine Story in BGC Taguig, the atmosphere was charged with anticipation.

time to read

5 mins

December 18, 2025

Business World Philippines

IPO activity stalls in Philippines amid market slump and fallout from flood control scandal

INITIAL PUBLIC OFFERINGS (IPOs) on the Philippine Stock Exchange (PSE) slumped to just two this year as uncertainty over US tariffs and a high-profile corruption scandal weighed on investor sentiment, according to analysts.

time to read

4 mins

December 18, 2025

Business World Philippines

More rate cuts could reignite inflation, hurt US Fed’s credibility, Bostic says

Further interest rate cuts could put US monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bostic said on Tuesday.

time to read

1 mins

December 18, 2025

Business World Philippines

Federal Land, Inc. divests 52% stake in Crown Central

FEDERAL LAND, INC. (FLI), the property arm of GT Capital Holdings, Inc., and its subsidiary Horizon Land Property Development Corp. have sold their combined 52% stake in Crown Central Properties Corp. to Crown Equities, Inc. (CEI) for a total of P73.48 million.

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

Coupang CEO fails to appear at South Korean parliamentary hearing on data breach

The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they would hold him responsible.

time to read

1 mins

December 18, 2025

Business World Philippines

House approves bill amending bank secrecy law on second reading

THE HOUSE of Representatives on Monday approved on second reading a bill amending the Philippines' decades-old bank secrecy law, allowing the Bangko Sentral ng Pilipinas (BSP) to look into the accounts of bank officers and employees involved in illegal financial activities.

time to read

2 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size