Senator Ralph Recto on Thursday expressed optimism that the sin tax bill will be passed before the year ends as worries that the proposed measure will kill the tobacco industry persist.
Senators believe that there was collusion among officials of the Subic Bay Metropolitan Authority, the Indian rice exporter and the local consignee which led to the unloading of 450,000 sacks of supposedly smuggled rice to the Philippines last April
MANILA, Philippines – Senate President Juan Ponce-Enrile on Monday said the Senate will prioritize two business-related bills; one will prohibit and discourage mergers that promote anti-competitiveness in the market while another is meant to harness local entrepreneurship. Speaking before the Senate during the resumption of the 15th Congress’ third regular session, Enrile said they will [...]
Many INQUIRER.net readers agree with the Banko Sentral ng Pilipinas’ (BSP) decision to extend a $1 billion loan to the International Monetary Fund as part of a bailout fund for the European Union.
Senator Ralph Recto said on Tuesday that the move of the Banko Sentral ng Pilipinas (BSP) to commit $1 billion from the country’s dollar reserves for the International Monetary Fund’s bailout package for European economies must be further explained.
The sin tax reform bill will likely be passed in the Senate after it resumes session, Senator Ralph Recto said Wednesday. The Senate is in sine die adjournment and will resume session on July 23.
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