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(Eagle News) — Senator Bam Aquino has renewed his call for the suspension of the excise tax on fuel following what he said was a recent “big-time fuel price hike” due to an increase in oil prices in the world market. “Nalulunod pa rin sa mahal na presyo ng pagkain at bilihin ang ating mga kababayan kaya napakalaking pagkakamali na payagan ang ikalawang bahagi ng excise tax sa ilalim ng (Tax Reform for Acceleration and […]
(Eagle News) — Senator Sherwin Gatchalian expressed support for the government’s decision to suspend the second round of excise tax on petroleum products, calling it “very timely.” “Kahit pa bumaba ang presyo ng petrolyo sa nakaraang mga araw at inaasahan na patuloy pa itong bababa sa susunod na taon, sinusuportahan ko ang suspension ng fuel excise tax to give the people a reprieve from the effects of the high inflation rates we had the past […]
(Eagle News) — Senator Bam Aquino on Wednesday, Nov. 14, hailed the temporary suspension of excise tax on fuel products next year. “Nagpapasalamat tayo sa Presidente at sa kanyang economic managers sa pag-aksyon sa isyu na matagal nang daing ng mga pamilyang nahihirapan sa taas ng presyo ng bilihin,” Aquino said. Aquino expressed hope the temporary suspension would eventually lead to the junking overall of taxes imposed by the Tax Reform on Acceleration and Inclusion […]
(Eagle News) — Speaker Gloria Macapagal-Arroyo on Wednesday, Sept. 5, said the government was “doing what it can” to address inflation in the country. Arroyo, who is also an economist, made the statement following the Philippine Statistics Authority’s report inflation had accelerated to 6.4 percent in August. “I’m sure the government is taking steps to address the situation. When I called them up today, they were meeting so I’m sure that they’re looking at it,” […]
(Eagle News)–For Senator Bam Aquino, President Rodrigo Duterte’s third State of the Nation Address should be about “addressing the plight of poor Filipinos burdened” by the effects of the Tax Reform for Acceleration and Inclusion law. “Sana pag-usapan ang mga solusyon sa pagtaas presyo sa SONA ng pangulo,” he said in a statement on Saturday, July 21. He also reiterated his position that the excise tax on fuel be suspended para mabigyan ng ginhawa ang […]
(Eagle News) — Inflation accelerated further, marking a record in at least five years, the Philippine Statistics Authority said on Thursday, July 5. The PSA said June’s inflation was “primarily brought about by higher annual rate posted in the heavily-weighted food and non-alcoholic beverages index at 6.1 percent.” In May, inflation was at 4.6 percent. According to the PSA, the acceleration was due to faster increases in the prices of housing, water, electricity, gas, and other […]
(Eagle News) –The Department of Social Welfare and Development on Friday, June 15, launched the unconditional cash transfer program that is aimed at helping indigents cope with the effects of the Tax Reform for Acceleration and Inclusion law. In launching ceremonies held in San Fernando, Pampanga, Acting Social Welfare Secretary Virginia Orogo said the program will see 10 million poor Filipinos receiving an additional P200 allowance every month for three years. Orogo said this was […]
By Meanne Corvera Eagle News Service The Bangko Sentral ng Pilipinas on Tuesday, June 5, said the country’s inflation outlook “continues to be a concern and requires close attention.” This even if BSP Governor Nestor Espenilla said that while the average inflation of 4.1 percent in the first five months of the year was still above the BSP’s 2 to 4 percent target for the year, it was “maybe not going to be as bad as […]
(Eagle News) — Senator Grace Poe on Friday, June 1, said the government should be giving subsidies to drivers who were affected by the increase in prices of gasoline. “May mga safeguards diyan katulad ng pagbibigay ng umento at vouchers din sa ating mga drivers para sa gasoline. So nais nating tanungin ang DOF, ano ba ang mga ginagawa nila para matulungan ang mga drivers?” Poe asked. “Masasabi ko sa DOF, ‘nasaan na ang pinangako […]
(Eagle News) — President Rodrigo Duterte on Wednesday, May 30, defended the implementation of the Tax Reform for Acceleration and Inclusion law, saying money was needed to fund government programs. “Inflation is always there. There are many reasons, but actually, one of them is TRAIN. But I need money also to run the country. If you do not give it, fine,” Duterte said. The President made the statement after several senators called for the suspension […]
(Eagle News)–Labor Secretary Silvestre Bello III on Sunday, May 27, said he has ordered wage boards to study the effects of the Tax Reform for Acceleration and Inclusion law on workers in general. Bello made the announcement amid what some say was a surge in the prices of commodities and services as a result of the imposition of excise tax on fuel under the law in particular. “With or without petition, I gave an instruction or […]
(Eagle News)–The Department of Energy on Saturday, May 26, said it would recommend the suspension of excise tax on fuel if its price reaches $80 per barrel for three consecutive months. Energy Undersecretary Donato Marcos said in a radio dzbb interview that the recommendation, should it push through, would be given to the Department of Finance. In the meantime, he said they were monitoring gasoline stations, and were now requiring them to give a detailed […]
