President Aquino prefers assistance to transport sector to oil VAT removal –- Coloma

April 6, 2011 12:37 am 

By M. Antonio G. Ibarra

MANILA, April 5 – President Benigno S. Aquino III prefers to extend assistance to the transport groups in the wake of the skyrocketing of crude prices in the global market to the abolition of the value added tax (VAT) on oil as clamored by the people affected by such increase.

Presidential Communications Operations Office (PCOO) Secretary Herminio "Sonny" Coloma reiterated this stand of the President as he guested at the “Talking Points” radio program of the Philippine Broadcasting Service’s Radyo ng Bayan (DZRB) on Tuesday.

Coloma said all is set for the doling out of the subsidy to the transport operators and drivers.

“It’s only the issuance of the ‘smart card’ where the name of the operator is engraved that needs a longer time in order to implement this assistance,” he added.

He also said that by means of this card, public utility vehicle operators who are operating illegally (colorum) would also be determined.

On the increase of fuel prices in the global market, he said the government is hoping that as it is now slowing down, it would ultimately cease in the near future.

"With the situation that we are in now, the President is focusing on controlling the inflation rate and the imminent increase of basic commodities," Coloma stressed.

The Communications secretary also mentioned that the President has a role in fixing macro-economic targets which he endorses to Congress as a means to lessen budgetary deficits which he closely monitors.

On the plight of the overseas Filipino workers (OFWs), he said President Aquino has a long-term goal of keeping Filipinos in their own land with a vast job opportunity, high salary incentives and better working conditions which they enjoy while working in other countries.

By this, Secretary Coloma said, the Filipinos can enjoy working here without feeling homesick of their loved ones.

In conclusion, the PCOO chief said "it is only we Filipinos who can make ourselves, and ultimately our nation, progressive." (PNA)

DCT/scs/ogi

Comments

Comments are closed.