Roxas pushes ZERO VAT ON OIL to ease consumer price increases

After the price of crude oil closed above $100 a barrel for the first time on the New York Mercantile Exchange, Sen. Mar Roxas urged Congress to summon enough political will to suspend the value-added tax (VAT) on oil and petroleum products. Roxas said the proposed suspension of the 12% VAT on oil, as proposed […]

Breakthrough in Bicam of Affordable Medicines Bill: 90% done

Senator Mar Roxas, Chairman of the Senate Committee on Trade, today announced the bicameral conference committee on the Quality Affordable Medicines Bill has had a breakthrough in discussions, resulting in roughly 90% of the bill already agreed on. After the four-hour bicam committee meeting on Tuesday night, and after four “pre-bicam” meetings prior to this, […]