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The Financial Executives Institute of the Philippines (FINEX) is supporting the proposed measures allowing President Ferdinand Marcos Jr. to suspend or reduce the excise tax on fuel amid volatility caused by the Middle East conflict.
“FINEX strongly endorses the President’s certification of urgent legislative measures that would allow the executive branch to suspend fuel excise taxes during periods of extraordinary global price shocks,” the group said.
Moreover, FINEX said it is backing the principle behind the measure as it…