Legislation
Finance committee approves idea of legislating megareform with ruling party votes
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The Finance Committee of the Chamber of Deputies approved on Thursday the idea of legislating the national reconstruction megareform project. The initiative advanced with eight votes in favor from ruling party lawmakers, four against and one abstention from the PDG.
A Bogotá court admitted a group action in August 2025 against more than 50 financial entities for alleged harm caused by delays in applying the 4x1000 tax reform.
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The Entertainment Software Association has spoken out against a proposed consumer protection law in California that would require game companies to offer offline versions, patches, or refunds when online services end.
The House of Representatives is set to advance two key Legislative-Executive Development Advisory Council priority measures for final approval as session resumes today. House Majority Leader Sandro Marcos identified them as the National Land Use Act and amendments to the Pantawid Pamilyang Pilipino Program (4Ps) Act. He also urged fast-tracking the Kalinga Act.
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Building on its March announcement of 20 priority bills, José Antonio Kast's government has assigned urgencies to 70 bills total—five of its own and 65 sponsored—prioritizing security, justice, and migration. Nine have already been enacted into law.
Hong Kong's Secretary for Transport and Logistics Mable Chan told lawmakers on Monday that the government plans to table a bill by year-end to standardise regulation of future mass transit projects, including Kai Tak and East Kowloon. The framework would use open tenders to enhance service quality and empower the Executive Council to grant franchises while penalising non-compliant operators. Lawmakers have raised concerns over fares and long-term service quality.
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Jaime Dussán, president of Colpensiones, announced meetings and technical tables with sector actors to discuss Decree 0415 of 2026, which governs the transfer of $25 trillion from private funds to Colpensiones. He specified that $20 trillion will go to current contributors and $5 trillion to pensioners. He noted that around 109,000 people have been transferred, with nearly 24,000 now receiving monthly payments.
President Ruto signs three bills to boost investment and tax reforms
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