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;...
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 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...
Economic managers have suggested before congressmen a 20 percent reduction in non-essential maintenance and operating expenses (MOOE) as part of a calibrated response to elevated fuel costs that may lead to faster inflation and slower economic growth. This was floated during the first hearing of...
House Legislative Energy Action Development (LEAD) Council presiding officer Marikina City 2nd district Rep. Miro Quimbo couldn 't help but conclude based on an economic manager 's statements that there was indeed an oil cartel operating in the country. During the first LEAD Council...
Murang Kuryente Party-list Rep. Arthur Yap has suggested what he described as a "more intelligent" use of the Maharlika Investment Fund (MIF) amid the economic hardships that the country is going through due to the fuel price crisis. Yap made this pitch during the first marathon hearing of the...
The House of Representatives took the first hearing of 13-committee Legislative Energy Action Development (LEAD) Council very seriously. An unheard of 170 out of the 318 members of the lower chamber was listed as the peak attendance of the energy crisis council hearing around noon Wednesday, April...
