MANILA, Philippines — A senator wants President Ferdinand Marcos Jr. to have permanent powers to deal with rising oil prices amid conflicts. Sen. Chiz Escudero is calling for amendments to the Tax Reform for Acceleration and Inclusion (TRAIN) Law that will empower the president to suspend or lower excise and value‑added taxes on fuel. The senator believes the chief executive must have this authority whenever global oil prices exceed the benchmark assumptions for Dubai crude set in the government’s Budget of Expenditures and Sources of Financing (BESF). “The law should be amended to automatically give the President that power to […]... Keep on reading: Permanent powers for Marcos to handle oil prices sought in Senate