
Philippine President Marcos Jr. Signs Fuel Excise Tax Suspension Bill Amid Energy Emergency
The Philippine government has declared a state of national energy emergency and identified P230 billion in funds to mitigate the Middle East crisis impact. President Ferdinand Marcos Jr. has now received and is set to sign a bill suspending fuel excise taxes, though senators have criticized the government's slow action.
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Marcos receives, set to sign final fuel excise tax suspension bill
MANILA, Philippines — President Ferdinand Marcos Jr. on Wednesday said he had already received the final version of a bill seeking to suspend the collection of excise taxes on fuel products. He will sign it into law “by end of day,” he said in his address at Malacañang. The final version of a bill was transmitted back to
By dsanchez
Read full article →DBM taps P20 billion from Malampaya fund for fuel purchases
Government has tapped the Malampaya fund to secure fuel.
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