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Messaging, messaging...

Business World Philippines

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December 11, 2025

VISUM WILFREDO G. REYES

- WILFREDO G. REYES

Messaging, messaging...

Congress to cut the gap of days required between secondand third-reading approval, and approve measures concerned successively in second and third reading within a day. (Much in the same way that we ask why the ICI was left without sufficient funding and powers if it was expected to do its job properly).

Did that LEDAC meeting decide that it would be prudent for the President not to certify urgency — and so avoid the risk of humiliation — since neither Congressional leader could assure support for approval of these contentious reforms (considering, among others, that an estimated 80% of House district seats are occupied by members of political dynasties)?

But at least these are some of the bills needed to make sure that anti-corruption efforts are sustained beyond merely jailing those most guilty (and not just small fry like Public Works officials and contractors).

It remains to be seen if Congress will act on them at all (on occasion, lawmakers have turned a deaf ear to the President when they perceived their vested interests threatened), or else will dilute these reforms to the point of making the resulting laws inutile — just recall what happened to Republic Act No. 7941, which established the otherwise well-intentioned party-list representation system 30 years ago.

Noticeably missing from LEDAC’s list, of course, is that long-desired measure to lift the secrecy on bank accounts, needed to make it easier to track illicit money flows (a proposal more than two-decades-old now, but towards which most lawmakers since at least 2004 have been allergic), as well as an encompassing freedom of information law.

FLERE HISTORIER FRA Business World Philippines

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Peso edges up before Fed, BSP decisions

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Starting August 2026, Philippine brands that export food, cosmetics, electronics, and other goods to Europe must meet new standards on recyclability, labeling, and empty space. Failure to comply can create new barriers to entry.

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BSP, SEC ink deal on PERA data sharing

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Gold rises; silver hits $60/oz milestone

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ADB approves $400-million loan to improve ease of doing business in the Philippines

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time to read

2 mins

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US stocks end slightly lower as investors await Fed rate decision

THE S&P 500 ended Tuesday’s session slightly lower as investors anticipated that the US Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest US bank warned of hefty expenses for 2026.

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Soybean futures extend slide; corn climbs after USDA data

US soybean futures hit their lowest in more than a month on Tuesday, pressured by uncertainty about Chinese demand for US supplies as well as expectations of large South American harvests, analysts said.

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ADB says PHL still likely to post second-fastest growth in Southeast Asia

THE ASIAN Development Bank (ADB) slashed its growth forecasts for the Philippines for this year and 2026 but it is still expected to be the second-fastest growing economy in Southeast Asia.

time to read

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Unemployment rate rises to 5%, highest in 3 months

THE NUMBER of jobless Filipinos rose by about 570,000 to 2.54 million in October from a year earlier, even as overall employment increased by 460,000, the Philippine Statistics Authority (PSA) reported on Wednesday, underscoring persistent vulnerabilities in the labor market despite headline job gains.

time to read

3 mins

December 11, 2025

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