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THE Congressional Policy and Budget Research Department (CPBRD) said the costs of implementing carbon taxation in the Philippines far outweigh its potential benefits, saying the country’s economy is “wholly incapable” of efficiently and painlessly transitioning to a low-carbon trajectory. In a policy brief, the CPBRD said the Philippine economy faces…
PHILIPPINE economic growth likely picked up in the third quarter due to a boost from higher government spending, analysts polled by The Manila Times said.
A senior lawmaker is seeking approval of a bill that would cut taxes on energy-related products and services as fuel costs rise and crimps consumers’ purchasing power. Camarines Sur Rep. LRay F. Villafuerte is pushing for price-cut proposals after oil companies raised pump prices of gasoline and diesel on August…
Nutrition expert: Tax on junk food, sweetened beverage to drive food industry innovation
THE Philippine Association of Sugar Refiners Inc. (Pasri) opposed the plan to impose higher taxes on sugar or sugar-sweetened beverages to generate additional funds for new socioeconomic programs.