Camarines Sur 5th district Rep. Migz Villafuerte has echoed the call of the House Legislative Energy Action and Development (LEAD) Council to suspend for two months the collection of value-added tax (VAT) on petroleum products. Villafuerte, chairman of the House Committee on Information and...
The House Legislative Energy Action and Development (LEAD) Council has covered a lot of ground in terms of coming up with a wide range of legislative responses to this era of elevated fuel prices. To their credit, members of the House of Representatives actively participated in the three hearings...
With three exhaustive marathon hearings under its belt, the 13-panel Legislative Energy Action and Development (LEAD) Council is now ready to move on to the next phase of its function--that is, to craft a consolidated legislative response to the fuel price crisis. But don 't call it "Bayanihan...
Angkas Chief Executive Officer (CEO) George Royeca committed in front of House of Representatives members on Wednesday, April 15 that the popular motorcycle ride-hailing company would be slashing its commission from 20 percent to 18 percent. Royeca--speaking during the third hearing of the...
The Speaker Faustino "Bojie" Dy III-led House of Representatives has committeed to pass the long-sought Motorcycle (MC) Taxi Law in the current 20th Congress. This assurance was made during the hearing of the House Legislative Energy Action Development (LEAD) Council on Wednesday, April 16, where...
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...
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...
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;...
