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Oil tax hike divides House

HOUSE leaders were divided yesterday over the proposal of the World Bank (WB) for the Aquino administration to raise the excise tax on petroleum products aimed at offsetting the revenue losses from oil imports due to low global prices. In separate interviews, House independent bloc leader and Leyte Rep. Ferdinand…

PNoy urged not to veto bonus tax cap law

HOUSE leaders crossed party lines yesterday in appealing to President Benigno “Noynoy” Aquino III not to veto the Congress-ratified measure raising to P82,000 from P30,000 the tax exemption ceiling for the bonuses of state and private workers. House independent bloc leader and Leyte Rep. Ferdinand Martin Romualdez, Marikina City Rep.…

DND fund ‘misuse’ decried

Quick Response Fund of Department of National Defense allegedly used for unauthorized expenses SENATOR Teofisto Guingona III wants to probe the alleged “misuse” of the Quick Response Fund (QRF) by the Department of National Defense, and determine the status of these funds intended to help victims of natural disasters. Guingona…

Truth commission not necessary now — Palace

MALACAÑANG clarified yesterday that it is not opposing the setting up of an independent Truth Commission-like panel even as it stressed that the separate investigations being done by different bodies are enough to ferret out the truth in connection with the bloody Mamasapano clash that resulted in the death of…

Poe bucks closed-door massacre hearing

SENATOR Grace Poe yesterday said that she will not agree to an executive session between senators and officials and personalities invited to the Feb. 4 hearing in connection with the Mamasapano clash that killed 44 policemen. Poe said that she will oppose a request for executive session if it is…
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