The mining sector, long sidelined by government restrictions and a freeze on the issuance of new permits, is seeing the proverbial light at the end of the tunnel. Speaker Gloria Macapagal Arroyo recently announced in a conference of miners that both chambers of Congress are working to pass a new fiscal regime for the mining industry before the current joint session ends in June. She said the Senate has adopted the House version of a bill that would
There’s a disturbing trend that’s escaping scrutiny in our country. We have a people reeling from rising consumer prices resulting from increased taxes. We have a government scrambling for foreign loans because of perennial budget deficits. But in the midst of these problems, we are allowing the unrestricted growth of virtual tax
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