Batangas 1st district Rep. Leandro Legarda Leviste reiterated his aggressive push for Congress to move ahead with legislation that called for the reduction of value-added tax (VAT) from 12 percent to 10 percent. The outspoken Leviste did so during the latest hearing of the House Legislative...
Is President Marcos being fed the wrong information by his economic managers, resulting to the delay in the suspension of the excise tax on diesel and gasoline? House Legislative Energy Action Development (LEAD) Council presiding officer, Marikina City 2nd district Rep. Miro Quimbo; and Deputy...
National Security Adviser (NSA) Eduardo M. Año on Wednesday, April 15, officially announced his permanent retirement from government service, stirring questions inside the security sector as tensions persist in the West Philippine Sea (WPS). In a statement sent to reporters, Año cited health...
Liquefied petroleum gas (LPG) retailers have vowed to immediately reduce the prices of their products--which Filipino households use as cooking has--once President Marcos issues the executive order (EO) suspending the excise tax on it. REGASCO President and former Liquefied Petroleum Gas Marketers...
Why are members of Congress allowing the executive branch to keep value-added tax (VAT) on commodities including fuel products despite strong clamor to reduce it? A fired up Batangas 1st district Rep. Leandro Legarda Leviste asked this question to his solon-colleagues Monday, April 13 during the...
The expected lifting or reduction of excise taxes on petroleum products must take effect swiftly, or right after President Marcos greenlights it via an executive order (EO). Marikina City 2nd district Rep. Miro Quimbo, presiding officer of the Legislative Energy Action Development (LEAD) Council,...
House Speaker Faustino "Bojie" Dy III has assured Filipinos that the executive and legislature continue to work together to mitigate the impact of elevated fuel prices resulting from geopolitical events. This, even as the House leader cited the big-time pump fuel price rollback scheduled for...
Several bottles recovered from traditional Chinese boats near Ayungin (Second Thomas) Shoal in the West Philippine Sea (WPS) last year were confirmed to have contained cyanide, a highly toxic chemical compound, raising fears of possible sabotage targeting fish supplies and coral reef in the area,...
Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio Balisacan’s call for an investigation on the alleged existence of an oil cartel is gaining traction in the House of Representatives. Mamamayang Liberal (ML) Party-list Rep. Leila de Lima, senior deputy minority leader;...
The House of Representatives is fast-tracking its legislative response to the problem of elevated fuel costs, with the all-encompassing measure expected to be ready once Congress resumes session on May 4. Such was the commitment of the Legislative Energy Action Development (LEAD) Council, a...
The Private Sector Advisory Council (PSAC) is recommending the restart of temporarily shelved infrastructure projects and other measures to help cushion the impact of the Middle East crisis on the economy. PSAC said it is critical that the government implement measures to protect jobs and sustain...
The 13-committee House Legislative Energy Action Development (LEAD) Council must also provide ample attention to the problem of rising unemployment in the country. Thus, said Cavite 1st district Rep. Jolo Revilla, who cited the latest Philippine Statistics Authority (PSA) data which showed renewed...
