Finance Secretary Carlos Dominguez III on Monday assured lawmakers that the increase in automobile excise taxes would not affect the sales of cars in the country. Dominguez attended the ways and means committee hearing at the House of Representatives to allay lawmakers’ fear that the increase of automobile excise tax under the Department of Finance’s tax package […]
Hardly anyone was surprised when Hyundai Asia Resources Inc. (Hari) announced that it had been appointed the Philippine government’s official mobility partner for the 23rd World Economic Forum East Asia (WEF-EA) and the Asean Finance Ministers’ Investor Seminar (Afmis). After all, Hari, the official distributor of Hyundai automobiles in the Philippines, was the official mobility partner of the 45th Asian Development Bank board of governors’ annual meeting in April 2012 attended by 4,000 delegates, including finance and economic ministers from 67 ADB member countries. Last week was the first time that the Philippines hosted the WEF-EA.