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The Crucifixion

Yellow Pad By Filomeno S. Sta. Ana III The crucifixion of Jesus Christ has an immediate relevance to present-day Philippines — the war on drugs, criminality, terrorism, and killings. Why was Jesus crucified? He was heretical and unconventional. He spread revolutionary teachings. He upended the establishment. Today, Jesus would have been branded a terrorist, a […]

Is TRAIN the culprit behind the higher inflation?

Yellow Pad By AJ Montesa Headline inflation hit 3.9%, based on the revised series, in the month of February. Some analysts find an easy culprit to blame: Tax Reform for Acceleration and Inclusion (TRAIN) or the recently passed tax reform for acceleration and inclusion. While the tax reform did introduce several new or increased excise […]

Drink (tax) responsibly

Yellow Pad By Madeiline Joy Aloria The recently passed Tax Reform for Acceleration and Inclusion (TRAIN) law raised excise taxes imposed on products such as sugar-sweetened beverages, cigarettes, and coal. These products are deemed to have harmful effects on health and/or the environment. This objective of taxation — influencing behavior for the better — has […]

Opportunities from the Tobacco Tax Inclusion in TRAIN

Yellow Pad By Arjay Mercado One unexpected development in the passage of Republic Act (RA) 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) law was the last-minute addition of a tobacco excise tax increase. Health advocates were surprised by this sudden inclusion because neither the House version nor the Senate version of the […]

Inflation has become a bogeyman

Yellow Pad By Filomeno S. Sta. Ana III The recent news that the inflation rate increased from 2.7% in January 2017 to 3.95% in January 2018 (year over year or YOY) raised alarm bells. About a year ago, I wrote a similar column on inflation titled “Is current inflation worrisome?” (13 February 2017, BusinessWorld). My answer […]