The administration of President Benigno Aquino III seems dead-set in violating a key campaign promise not to raise or introduce new taxes come Monday when the Bureau of Internal Revenue starts to impose the 12-percent value-added tax on toll fees on Aug. 16, on top of a whooping 250-percent toll fee hike in the South [...]
Aug 9th, 2010
President Aquino has described the $10-billion bid for the lucrative and profitable Philippine Amusement and Gaming Corporation (Pagcor) as “interesting” and said that, if ever a sale would push through, the government should get the best possible price. Ramon Ang, the San Miguel Corp. vice president who announced the bid, justified the buy-out in these [...]