THE House of Representatives on Tuesday approved on second reading the proposed Motor Vehicle Road Users’ Tax (MVRUT), a move aimed at generating additional funds of P68.19 billion over five years to support the modernization of public transport. Through viva voce voting, lawmakers approved House Bill 9647, which seeks to…
The Philippines should aspire to become the first country in Asia to sell sovereign carbon credits, House Committee on Ways and Means Chairman Joey Sarte Salceda said on Friday. Salceda said the Philippines’s entry into the sovereign carbon credit market under the 2015 Paris Agreement could be a “key accomplishment”…
PRESIDENT Ferdinand R. Marcos Jr. on Monday appointed Office of the Presidential Adviser for Investment & Economic Affairs (OPAIEA) Executive Director Rafael D. Consing Jr. as the first head of the Maharlika Investment Corporation (MIC), and House Committee on Ways and Means Chairman Joey Sarte Salceda promptly called him the right person for the…
With third-quarter gross domestic product (GDP) growth figures, an economist-lawmaker on Thursday said the nation’s economic performance in this period offers “promising opportunities” for the future, and the government should now capitalize on these favorable conditions to implement forward-looking policies and priorities. With inflation back under control and growth back on…
MEMBERS of the House Committee on Ways and Means said last Tuesday that it is now considering the removal of the proposed motu proprio power of the President to grant tax incentives under the new bill amending the Corporate Recovery and Tax Incentives for Enterprises (Create) law or Republic Act…