Enrile sees rough sailing for sin tax bill in Senate
By Christian V. Esguerra
The sin tax bill passed by the House of Representatives will have anything but smooth sailing in the Senate.
The sin tax bill passed by the House of Representatives will have anything but smooth sailing in the Senate.
In the end, it’s still former First Gentleman Jose Miguel Arroyo. Senator Sergio Osmeña III on Wednesday wrapped up the first part of the committee on banks’ investigation into the alleged P660-million “behest” loan granted by the Development Bank of the Philippines (DBP) to businessman Roberto “Bobby” Ongpin, a friend of Arroyo.
From behest loans to insider trading to short-swing profits. That is how far the Senate has expanded its investigation into businessman Roberto Ongpin who reportedly obtained a P660-million loan from the Development Bank of the Philippines (DBP) and used the money to buy the state bank’s Philex Mining Corp. (Philex) shares.
MANILA, Philippines—President Aquino’s economic team on Thursday came under fire in the Senate over its “fixation” on reducing the budget deficit at the expense of public spending and economic growth. Led by Finance Secretary Cesar Purisima, the team was put on the defensive at the Senate budget hearing over the slowdown in the economy in [...]
