The Senate has ratified a bill that would remove the taxes now being imposed on international carriers and shippers, resulting in more tourist arrivals and lower and more affordable fares.
Senator Franklin Drilon said that he was confident the sin tax bill would be submitted to President Benigno Aquino III for his approval before the end of the year.
Increased infrastructure spending and a stronger domestic economy will buoy up the Philippines amid the crisis pummeling its biggest global trading partner, Senate leaders said on Sunday. Their assurance came in the wake of fears that Standard and Poor’s (S&P) downgrade of the US credit rating from AAA to AA+ could cause dramatic alterations in [...]
