Congressional leaders also commit to ratifying the Regional Comprehensive Economic Partnership free trade deal between the ASEAN members and partners Australia, China, Japan, New Zealand, and the Republic of Korea.
MANILA, Philippines – The push for a sovereign wealth fund and the return of mandatory military training for the youth were among the first measures endorsed by the Legislative-Executive Development Advisory Council under President Ferdinand Marcos Jr.
According to a release from the Palace, the LEDAC’s executive committee met for the first time on Monday, February 13. The meeting was presided over by Executive Secretary Lucas Bersamin and attended by Cabinet officials and top leaders from the Congress. The priority bills, said the Palace, “were adopted for passage” by both chambers of Congress by June 2, or the sine die adjournment of the 19th Congress’ first regular session. The LEDAC is a consultative and advisory body to the President “on certain programs and policies essential to the realization of the goals of the national economy.” Ideally, it is also where “high level policy discussions on vital issues and concerns affecting national development” take place.
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