While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
The Philippines should engage in a high-level government-to-government negotiations to facilitate procurement efforts of private oil companies in order to ensure the country has enough supply of petroleum, diesel and crude oil. This was part of the recommendation drafted by Sen. Sherwin...
Senator Sherwin Gatchalian said on Saturday, March 28, that the upper chamber’s Proactive Response and Oversight for Timely and Effective Crisis Strategy (PROTECT) Committee was preparing its interim report--including initial recommendations--to address the country’s fuel supply concerns amid...
Senator Loren Legarda is set to file the Bayanihan Power to the People Act, or the so-called Bayanihan 3 Law, which seeks to establish a decisive government framework in addressing the impacts of the global oil crisis on Filipino households and the national economy. Legarda stressed that Executive...
The government should consider suspending or reducing the value added tax (VAT) on fuel products as this can provide immediate and substantial relief to Filipinos burdened by the ongoing oil crisis, Senator Paolo “Bam” Aquino IV said. Aquino made the call during the Proactive Response and...
The government should not forget the middle class Filipinos who also bear the impact of the ongoing fuel crisis, considering that they do not receive any government assistance. Sen. Joseph Victor “JV” Ejercito pointed this out during the hearing of the Proactive Response and Oversight for...
The Department of Energy (DOE) has debunked reports there could be widespread brownouts this year due to the ongoing oil crisis brought about by the conflict in the Middle East. DOE Undersecretary Felix “Wimpy” Fuentebella made the assurance during the Senate’s hearing on the Proactive...
All gambling-related advertisements have now been added to the list of items or categories subject to mandatory screening under the new agreement between the Philippine Amusement and Gaming Corporation (Pagcor) and the Ad Standards Council (ASC). Signed on Wednesday, July 16, the memorandum of...
