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The sin tax law in 2013: a milestone

WE are seeing a surge of interest among legislators on the Sin Tax Reform Act of 2012 (Republic Act 10351). Both chambers of Congress are in the process of conducting inquiries into this landmark tax legislation. A few lawmakers, those who opposed the sin tax reforms, claim that the Sin Tax Law has fallen short […]

Need to know vs Right to know

THE FREEDOM of Information bill recently passed the Senate on Third Reading and moved on to the House of Representatives for concurrence. This early, I want to put the bill to a test, just to know in some detail what the advocates have been giving all-out support to. I would like to use for this […]

Behind the colors of tobacco advertising

NOT EVERYONE realizes the power of a cigarette pack to influence the public on its actions and decisions related to smoking. While some people claim that the decision to smoke is the result of a person’s informed choice, the fact that smokers underestimate or have “unrealistic optimism” (Weinstein, N. et al 2005. Retrieved March 20, […]

Protecting electricity consumers

IN ITS penultimate stage, the P-Noy administration has to pass numerous legislative bills that the President and his Cabinet have endorsed. An urgent one is the passage of a basic law about the Comprehensive Agreement on the Bangsamoro (CAB), which P-Noy wants passed before his term ends. The enactment of the CAB must be done […]

The importance of the Monetary Board

IGNACIO BUNYE, the erstwhile Press Secretary and spokesman of Gloria Arroyo, has resigned from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP). The appointment of a new member of the Monetary Board (MB) is an opportunity to further strengthen the BSP’s leadership. The forthcoming appointment deserves public scrutiny. The BSP, especially its Governor […]

Salvaging the Malampaya Fund (Part Two)

The objective of the sovereign wealth fund, however, is not to be a stagnant financial reserve. Norway, the country with the largest sovereign wealth fund in the world, has avoided the “resource curse” by not spending its oil revenues. However, Jens Stoltenberg… states, “The problem in Europe with the deficits and the debt crisis is […]