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Localized wages more equitable, senatorial bet says

Former defense secretary Gilbert "Gibo" Teodoro (File photo) MANILA - Senatorial aspirant and former defense chief Gilbert "Gibo" Teodoro has opposed a legislated across-the-board wage as localized pay is more equitable. In a statement Tuesday, Teodoro said provinces have different situations therefore wages should be determined by the Regional Tripartite Wages and Productivity Board and should not be institutionalized. "I am not in favor of legislated across-the-board minimum wage because it prevents the potential to further increase it," the former Tarlac congressman and 1989 Bar topnotcher said. Instead of a legislated across-the-board compensation, Teodoro underscored the need for the government to boost its social programs and provide efficient government services to the public to alleviate the lives of Filipinos amid the recovery from pandemic and the crisis on oil prices. Teodoro, who served as an executive of various companies in the past 12 years, ....

City Of Tarlac , Gilbert Gibo Teodoro , Regional Tripartite Wages , Productivity Board , Former Defense Secretary Gilbert Quot Gibo Teodoro File Photo Manila Senatorial Aspirant And Chief Has Opposeda Legislated Across The Board Wage As Localized Pay Is More Equitable Ina Statement Tuesday , Eodoro Said Provinces Have Different Situations Therefore Wages Should Be Determined By The Regional Tripartite And Productivity Board Not Institutionalized Quoti Am In Favor Of Legislated Across Minimum Wage Because It Prevents Potential To Further Increase , Uot The Former Tarlac Congressman And 1989 Bar Topnotcher Said Instead Ofa Legislated Across Board Compensation , Eodoro Underscored The Need For Government To Boost Its Social Programs And Provide Efficient Services Public Alleviate Lives Of Filipinos Amid Recovery From Pandemic Crisis On Oil Prices Teodoro , Ho Served As An Executive Of Various Companies In The Past 12 Years , Dded Thata Legislated Across The Board Wage Will Make Country Less Competitive In Attracting More Investments This Would Also Not Help , Specially In Provinces That Lacked Infrastructure As Firms Consider The Available And Pay Rates Before Investing , He Added Earlier , He Private Sector Said It Is Not Yet Time To Increase Wages And Implement Across The Board Pay As Businesses Just Started Recover From Pandemic Operating Expenses Of Firms Are Also Expected Amid Skyrocketing Oil Prices Due Conflict Between Russia Ukraine Pna ,

Solon wants 3-year suspension of fuel excise tax hike

(File photo) MANILA - A measure suspending the collection of the increase in excise taxes on gasoline, diesel, and other oil products for three years, from 2022 to 2025 has been filed at the House of Representatives. Deputy Speaker Rufus Rodriguez filed on Thursday House Bill No. 10246, which proposes to temporarily suspend the collection of excise taxes on fuel products based on the increased rates imposed in Section 43 of Republic Act No. 10963, or the Tax Reform Acceleration and Inclusion (TRAIN) Law until the country has fully recovered from the coronavirus disease (Covid-19) pandemic. A copy of the bill was sent to the media on Friday. Rodriguez said once the suspension takes effect, the government would collect excise levies on oil products based on the old rates contained in the National Internal Revenue Code or before the TRAIN Law. Rodriguez noted that Section 43 includes a suspension provision covering the period 2018 to 2020 whenever crude oil prices exceeded USD80 per barre ....

Metro Manila , Philippines General , Rufus Rodriguez , Bernadette Herrera , National Internal Revenue Code , National Economic , Department Of Finance , Development Authority , Speaker Rufus Rodriguez , Thursday House Bill , Republic Act , Tax Reform Acceleration , Speaker Bernadette Herrera , Ile Photo Manilaa Measure Suspending The Collection Of Increase In Excise Taxes On Gasoline , Nd Other Oil Products For Three Years , Rom 2022 To 2025 Has Been Filed At The House Of Representatives Deputy Speaker Rufus Rodriguez On Thursday Bill No 10246 , Hich Proposes To Temporarily Suspend The Collection Of Excise Taxes On Fuel Products Based Increased Rates Imposed In Section 43 Republic Act No 10963 , R The Tax Reform Acceleration And Inclusion Train Law Until Country Has Fully Recovered From Coronavirus Disease Covid 19 Pandemica Copy Of Bill Was Sent To Media On Friday Rodriguez Said Once Suspension Takes Effect , He Government Would Collect Excise Levies On Oil Products Based The Old Rates Contained In National Internal Revenue Code Or Before Train Law Rodriguez Noted That Section 43 Includesa Suspension Provision Covering Period 2018 To 2020 Whenever Crude Prices Exceeded Usd80 Per Barrel Quot Unfortunately , He Provision For The Suspension Of Increase Excise Taxes Can Only Be Applied Until 2020 Then Covid 19 Pandemic Happened Jobs Were Lost , Usinesses Closed And The Economy Suffered , Uot He Said In The Explanatory Note Of Bill At Present , He Country Is Only Starting To Gradually Reopen Its Economy And People Are Beginning Go Back Work , Ointed Out That The Weekly Increases In Pump Prices Of Oil Products Are Adding To People 39s Suffering He Cited Price Unleaded Gasoline Went Up By Php7 20 Per Liter And Diesel Php8 65 For Past Eight Weeks Rodriguez Said Regular Metro Manila Now Around Php70 44 Php50 17 , Espectively While In The Visayas , Nleaded Gasoline Costs Php73 96 Per Liter And Diesel Sells For Php64 95 In Mindanao ,