Cebu business sector backs fuel tax break, calls for more action

CEBU CITY, Philippines — Business leaders in Cebu welcomed the government’s move to suspend or reduce excise taxes on fuel. But they also urged for faster and more concrete measures to cushion the economic impact of the war in the Middle East on businesses as well as consumers. The Cebu Chamber of Commerce and Industry (CCCI) said the declaration of a State of National Energy Emergency was a necessary step to stabilize supply and prices. READ: Excise tax on ‘junk food’ pushed However, they stressed the need for coordinated action across sectors.  “We are entering a new reality: our heavy […]... Keep on reading: Cebu business sector backs fuel tax break, calls for more action

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