Bayan’s worst-case scenario: P50 per liter gasoline, P700 LPG

Unless government removes the 12 percent value added tax (VAT) on oil and repeal the Oil Deregulation Law, the country is facing as much as P50 per liter in gasoline prices and more than P700 in LPG retail prices by the end of the year, umbrella group Bagong Alyansang Makabayan (Bayan) disclosed.

Continue ReadingBayan’s worst-case scenario: P50 per liter gasoline, P700 LPG

PHILIPPINES: ADMINISTRATION URGED TO STICK TO AGENDA OF CHARTER CHANGE — SHIFT TO FEDERALISM

Senate Minority Leader Aquilino ?Nene? Q. Pimentel, Jr. (PDP-Laban) said he believes that Congress will back a Malaca?ang call for amending the 1987 Constitution to pave the way for the…

Continue ReadingPHILIPPINES: ADMINISTRATION URGED TO STICK TO AGENDA OF CHARTER CHANGE — SHIFT TO FEDERALISM