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Charter rewrite for BCDA vetoed
Manila Bulletin
|April 28, 2025
President Marcos has vetoed a bill seeking to amend the charter of the Bases Conversion and Development Authority (BCDA), citing concerns that it may conflict with existing laws and adversely impact the government's fiscal position.
In his veto message dated April 24, the President recognized Congress' intention in crafting the bill but said he could not ignore the concerns raised by the national agencies.
The President noted several issues with the enrolled bill, including the proposed increase of P100 billion in authorized capital, which he said could affect the government's fiscal integrity.
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