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…
THE National Grid Corp. of the Philippines (NGCP) announced its commitment to address the latest ERC order suspending the pass-on costs of its 3-percent franchise tax to consumers. While the grid operator has yet to receive a directive from the ERC, it vowed to act on this once there is…
THE 19th Congress may soon authorize the Bureau of Immigration (BI) to collect immigration fees, fines and penalties and to retain a third of all such collections for a proposed Immigration Trust Fund (ITF), a senior lawmaker said. Camarines Sur Rep. LRay F. Villafuerte said House Bill (HB) 8203 seeks…
AS the franchise agreement for the National Grid Corporation of the Philippines (NGCP) is being determined in Congress, a senior lawmaker said there’s a need for the Department of Energy (DOE) to first review what lawmakers say is the power grid operator’s “subpar performance.” In a statement issued last Sunday,…
CAMARINES Sur Rep. LRay F. Villafuerte considers the legislative approval of the Maharlika Investment Fund (MIF) as opening gates to a “potentially-huge” source of investment funds that would let the national government (NG) spend bigger on its big-ticket programs. Villafuerte said the MIF bill is envisioned to provide a new…