MANILA, Philippines — The measure that would provide a P162-billion fund for the country’s coronavirus disease response and recovery plan may be ratified by the bicameral conference committee by next week, Senator Grace Poe said Wednesday. “We are hoping to finish it at the latest tomorrow to be ratified next week or sometime as soon as possible,” Poe said of the Bayanihan to Recover as One Act, or the Bayanihan 2, during the Kapihan sa Manila Bay online forum. “But there are too many details, and I know that usually, a law should just have one particular subject,” noted Poe, a member of the bicameral committee for Bayanihan 2. READ: Senate, House agree on P162-B funding for proposed ‘Bayanihan 2’In a text message to INQUIRER.net, Poe said that to be exact, the funds that will be allotted to LandBank and DBP in the consolidated version of the bill would be P45 billion. “Legislation is also about the infusion of funding from the government, so even without particulars of these two bills, there will be funding already,” Poe likewise said.

Source: Philippine Daily Inquirer August 19, 2020 03:45 UTC