In a unanimous decision, the Senate has passed House Bill No. 10841, which aims to establish a fixed term for the Philippine Coast Guard (PCG) commandant, and Senate Bill No. 2837, which extends the corporate term of the Power Sector Assets and Liabilities Management Corporation (PSALM) until June 26, 2026. Senate President Pro Tempore Jinggoy Estrada highlighted the significance of the PCG bill, stating that a fixed term for the commandant would promote continuity and stability, enabling the agency to concentrate on long-term objectives without the disruption of frequent leadership changes. Senate Majority Leader Francis Tolentino underscored the importance of the bill in enhancing maritime security amidst growing geopolitical tensions, providing a stable leadership framework for long-term planning. Senators Sherwin Gatchalian and Raffy Tulfo supported the measure, emphasizing its role in allowing the commandant to focus on sustained programs and reforms, particularly in light of escalating tensions in the West Philippine Sea. Senator Joel Villanueva praised the PCG’s crucial role in securing the nation’s extensive shoreline and combating maritime crimes, noting that the bill aligns the commandant’s term with other key military and defense positions to strengthen the institution’s strategic capabilities. On the other hand, the approval of SB 2837 for PSALM aims to provide the corporation with an additional five years to manage its obligations and initiate asset and management plans for significant power and real estate assets. Senator Mark Villar explained that PSALM, established to oversee the privatization of government power assets and settle financial obligations of the National Power Corporation, has been instrumental in the energy sector. The bill also sets a framework for PSALM’s potential transition or cessation of operations.
Senate Approves Bills to Stabilize Leadership in PCG and Extend PSALM’s Corporate Term
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