TAXING THE RICH TO SUPPORT THE POOR?
Editorial cartoon by Romy Castro

DESPITE STRONG opposition by the public, it appears that the Duterte administration is determined on raising the excise tax on petroleum products.

Economic planners are projecting that the government stands to collect an additional P130.51 billion in 2017, P158.76 billion in 2018 and P249 billion in 2022 should the measure be implemented.

To attain the same, the excise tax adjustment will raise the levy on regular fuel, from P4.35 a liter at present to P10 a liter next year, P10.40 a liter in 2018 and further to P12.17 a liter by 2022.…

Read more: TAXING THE RICH TO SUPPORT THE POOR?

Addressing Traffic Crisis
Editorial Cartoon by Romy Castro

THE ADMINISTRATION’S proposal for Congress to grant emergency powers to President Rody Duterte to address the worsening traffic crisis hit a roadblock after Senate committee on public services chair Senator Grace Poe held in abeyance deliberations on the measure.

Poe was prompted to defer the hearings after the Department of Transportation (DOTr) failed to submit a detailed list of projects or the so-called bill of particulars that the administration would implement to address the traffic crisis once the emergency powers are granted.

To recall, transportation officials asked the committee during a hearing on August 25 that…

Read more: Addressing Traffic Crisis

RIGHT ON THE HEAD

SOLICITOR General Jose Calida hit it right on the head when he supported the contention of the Philippine Competition Commission (PCC) that telecommunication industry giants Philippine Long Distance Telephone (PDT) and Globe Telecoms tried to evade the antitrust law by hiding important details in the May 30 buyout of San Miguel Corp.’s telecommunications unit.

The state lawyer noted that the telecom leaders could have deliberately hid key deal details to escape the antitrust body’s scrutiny and even went one notch higher when they included provisions barring SMC from again competing in the industry thus ensuring their position as the…

Read more: RIGHT ON THE HEAD

WHAT ABOUT CAREER OFFICIALS?
Editorial cartoon by Romy Castro

PRESIDENT Rodrigo Duterte who was obviously disappointed with reports of unbridled irregularities in the government has declared vacant all positions being occupied by government appointees of the current and previous administration.

Duterte has initially allowed thousands of appointees of the past regime to remain on their posts in a hold-over capacity as his government was still in the process of vetting applicants before hiring their replacements.

However, he got fed-up after receiving persistent complaints during his provincial visits that anomalous transactions were still happening in the regional offices of various government offices.

He particularly cited the…

Read more: WHAT ABOUT CAREER OFFICIALS?

LOGICAL
Editorial cartoon by Romy Castro

THE PLAN by government bank regulators to relax foreign exchange rules could not have come at a better time.

Our country’s very restrictive yet flawed and vulnerable banking system was exposed following the US $ 81 million Bangladeshi bank heist scandal.

As a result, bank regulators were compelled to find ways on how to counteract our obviously weak banking system to ensure that no similar incident would happen in the future.

In a stroke of genius, they decided that instead of tightening the noose, they opted to relax rules in an attempt to draw more of…

Read more: LOGICAL

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