Senate creates committee to tackle Philippines' economic challenges

Senate President Sherwin Gatchalian introduced a resolution on Tuesday to create the Reinvigorate Investment and Sustainable Economic Growth (RISE) Ad Hoc Committee, bringing together lawmakers from across the chamber to focus on the country's economic struggles.

The initiative was co-sponsored by Senate Majority Leader Juan Miguel Zubiri and Minority Leader Alan Peter Cayetano, signaling broad legislative support for a coordinated approach to economic policy. The proposed committee would serve as a dedicated body to formulate and monitor responses to the nation's current economic challenges.

The establishment of the specialized committee reflects growing concern among Senate leaders about the Philippines' economic performance and the need for comprehensive legislative solutions. By bringing together members from both majority and minority blocs, the initiative seeks to foster bipartisan cooperation on economic recovery and growth strategies.

The RISE Ad Hoc Committee would focus on developing sustainable approaches to investment promotion and economic expansion. With cross-party leadership backing the resolution, the committee is positioned to advance policy recommendations that could shape the legislative agenda on economic matters.