Nueva Ecija solon: Oil firms not done yet

Nueva Ecija Third District Rep. Rosanna “Ria” Vergara chided the Department of Finance for taking an adamant stand against moves to suspend collection of excise tax on fuel as way of protecting Filipinos from the impact of uncontrolled price hikes in petroleum products.During a Committee on Energy briefing on the proposal on Thursday, Oct. 28, Vergara, warned that oil firms are not done yet with their weekly price adjustment of their products.

Vergara also noted that the peso-dollar exchange rate is “going up” with the country’s currency starting to weaken.“I am really quite worried that the DOF is not even considering pushing back,” she lamented. Under Rodriguez’s proposal, only the excise tax adjustments imposed in Section 43 of Republic Act No. 10963, or the Tax Reform Acceleration and Inclusion Law would be suspended.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Solon slams DepEd: 'Teachers have every right to express political opinion'House of Representatives Asst. Minority Leader and ACT Teachers partylist Rep. France Castro blasted the DepEd for enjoining teachers to remain apolitical and keep their political opinions to themselves. Magturo kayo maayos ng matuto ng sapat ang mga estudyante niyo, hindi yung panay kayo politika, propagandista kayo na inuuna pang magreklamo kaysa magturo ng marangal Pero kung pro-govt ang teacher, huwag mag-ingay. Di ba, solon? ACT teachers? Aren't they identified by NTF-ELCAC as legal fronts for CPP-NPA-NDF? I think anyone can express political opinion, but for teachers, its better if they don't do it in front of their students. Maybe among coleagues yes. Para same level.
Source: manilabulletin - 🏆 25. / 51 Read more »

With no guidelines yet, Cebu City Health cannot inoculate booster shotsThe Cebu City Health Department (CHD) cannot inoculate booster shots of the COVID-19 vaccine yet.
Source: cebudailynews - 🏆 8. / 71 Read more »

Yang denies lending money to Pharmally despite testimoniesBusinessman Michael Yang on Thursday denied lending money to Pharmally executives and said he only introduced the firm to his 'friends' for funding. Dapat dito palayasin pabalik sa China. Oras na para higpitan ang ating immigration law. Mandaraya ang mga gagong ito dahil ang gobyerno natin tulog. Kung kinukulang ang mga tauhan diyan sa ibang departamento tulad ng BIR at BOI dapat siguro i-allign ang manpower ng gobyerno.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

House bill pushes for 4-year suspension of excise tax increase on oil productsA bill filed in the House of Representatives seeks to suspend the collection of the increase in excise taxes on gasoline, diesel, and other oil products for four years. | NAMercadoINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Agri producers tell Duterte: Relief from oil price spikes is in your handsA coalition of 36 agricultural groups urged President Rodrigo Duterte to suspend excise on petroleum products as the continuing increase in oil prices is now hurting rice and vegetable farmers, hog raisers and chicken growers. | CeBacligINQ CEBacligINQ Suspend suspend
Source: inquirerdotnet - 🏆 3. / 86 Read more »