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Imee: Hold price hikes for basic goods until lockdowns are over

Senator Imee R. Marcos on Wednesday, August 4 asked the Department of Trade and Industry (DTI) to put on hold price increases it granted manufacturers of basic necessities and prime commodities in July.

Marcos, chairperson of the Senate Economic Affairs committee, said that the three percent to fi ....

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Bill grants Duterte power to lower, suspend VAT on oil products


Published July 22, 2021, 9:32 AM
To ease the financial burden of Filipinos, Senator Imee R. Marcos on Thursday, July 22 filed a bill granting President Duterte the power to lower the rate or suspend the imposition of value added tax (VAT) on petroleum product for one year in times of national emergency or state of calamity such as the current COVID-19 pandemic.
The measure, Senate Bill 2320, seeks to amend sections 106 and 107 of the National Internal Revenue Code, as amended.
The bill of Marcos, chairwoman of the Senate economic affairs committee, was expected to be taken up by the Senate after President Duterte has delivered his last State of the Nation Address (SONA) on Monday, July 26. ....

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Tributes pour in for Benigno Aquino, the Philippine president who stood up to China

Tributes have poured in for former Philippine president Benigno Aquino III after his death on Thursday (June 24) morning, amid intense speculation over the impact of his passing on the country’s election next year. Aquino, 61, “died peacefully in his sleep” of renal disease secondary to diabetes, his elder sister Aurora “Pinky” Aquino-Abellada said on behalf of the family. Shocked. ....

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