Photo Release

Hearing on SpeDEZ Act and Other Bills: Senate Committee on Economic Affairs chairperson Sen. Imee Marcos presides over the virtual hearing on Senate Bill No. (SBN) 1321 or the Special Defense Economic Zone (SpeDEZ) Act Thursday, October 15, 2020. The measure seeks to establish a special defense economic zone inside the government arsenal defense industrial estate located in Camp Gen. Antonio Luna in Limay, Bataan. Introduced by Senate President Pro-Tempore Ralph Recto, SBN 1321’s objective is to enhance investment opportunities inside the economic zone while strengthening the country's defense capabilities. The committee also tackled several proposed measures, including the Fiscal and Monetary Report Act, the Contingent Liabilities Disclosure Act and bills seeking to establish a National Evaluation Policy. (Screen grab/Senate PRIB)