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Senator Grace Poe has refiled her bill seeking to provide for the automatic suspension of excise tax on gasoline and diesel. The suspension will take effect when the average Dubai crude oil price based on the Mean of Platts Singapore (MOPs) exceeds $80 per barrel over a three-month period. Earlier
MANILA - A lawmaker on Monday assured President Ferdinand "Bongbong" Marcos Jr. that the House of Representatives will introduce safeguards to address the fiscal and economic concerns regarding the measure creating the Bulacan airport ecozone. Albay Rep. Joey Salceda stressed the need to provide "conventional checks and balances" as he committed to file a version of the bill that considers the President's reasons for vetoing it. "We need to put some limits and checks and balances to it," Salceda said in a media interview. He said the House will require a cost-...
CITING, among other reasons, the possible "substantial fiscal risk" to the government by the proposed Bulacan Airport City Special Economic Zone and Freeport, President Ferdinand "Bongbong" R. Marcos, Jr. vetoed House Bill (HB) No. 7575 creating the said zone. In a two-page veto message he sent to the leadership of…
BETTER DAYS The 18th Congress officially came to a close this past week, as the chambers started to welcome the newest batch of legislators — comprised of both old and new faces — tasked with advancing the interests and advocacies of their constituents nationwide. With some measure of hope and e
As the 16th President of the Philippines gives way to his successor on June 30, is he turning over a nation much better than he found it?