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PBBM certifies H.B. No. 8418 as urgent, granting special powers to the President to remove or reduce excise tax on oil

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Transcript
00:01President Ferdinand R. Marcos Jr. has certified House Bill No. 8418 as urgent.
00:07The proposed measure would grant the President special powers to remove or reduce the excise tax on oil.
00:13The move comes as fuel prices in the Philippines continue to rise amid volatile global oil markets brought about by
00:20escalating tensions in the Middle East.
00:22On the other hand, Malacanang has assured that the government has sufficient funds to respond to the crisis caused by
00:28the conflict abroad, particularly in terms of rising oil prices.
00:33Because of this, the government said borrowing money is not currently part of its plans.
00:53Earlier, the government announced the distribution of a P5,000 assistance for the transport sector as well as fisher folk
01:00and farmers.
01:01Amid these developments, Vice President Sara Duterte criticized the current situation, saying she does not see any action from the
01:09administration even though, according to her, there was already a threat of war as early as 2022.
01:14This claim was rebutted by Malacanang.
01:17The palace said that if this was known as early as 2022, why was it not disclosed to authorities and
01:23to the public?
01:23Kung siya may alam as early as 2022, at hindi man lang niya ito binanggit diretsyo sa ating mga kababayan,
01:32sino ang hindi nagtrabaho?
01:36Sino ang walang ginawa?
01:39Tandaan po natin, ipinagmamalaki niya meron siyang informasyon patungkol dito.
01:43Hindi po ba obligasyon niya bilang Vice Presidente na ito ay ipaalam sa ating otoridad?
01:51Para man lang ang ating mga kababayan, katulad na sinasabi niya, ay nakapaghanda.
01:57Kung hindi niya ito sinabi, definitely, this is a breach of public trust.
02:04Meanwhile, the palace said Filipinos in California should be better prepared following a warning from the FBI about a possible
02:10retaliation by Iran in California.
02:12Hindi po ito pwedeng isa walang bahala o tulugan.
02:17Kailangan po na maging alerto rin po tayo kung ano man na mangyayari sa ating mga kababayan sa California.
02:23Kenneth Pasyente from the National TV Network for a new and better Philippines.
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