Lawmaker: P200M lost for delay in passage of bills

Saturday, June 11, 2011

AT LEAST P200 million in government revenues are lost per day due to delays in the passage of laws to address tax leakages and smuggling.
As a result, Batangas Representative Hermilando Mandanas, chairman of the House Committee on Ways and Means, has been prompted to ask the leadership of the House of Representatives for the authority to continue the committee hearings on priority revenue measures despite the sine die adjournment.
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The move is expected to help government raise at least P100 billion in additional revenue, he said.
Congress has adjourned its first regular session earlier this week and will resume the second regular session on July 25.
According to Mandanas, the committee hearings will cover bills regarding restructuring excise taxes on cigarette and alcohol products, anti-smuggling proposals, foreign debt management, use of the Official Development Assistance (ODA) funds, and non-tax revenue collection of department offices and their attached agencies.
“The Committee plans to conduct hearings during the duration of the sine die adjournment for the period June 13 until July 21, 2011 on these priority measures which shall pave the way in raising at least P100 billion in additional tax revenue for the government,” the House panel chair said.
The Committee on Ways and Means has investigated numerous smuggling incidents and revenue leaks that have resulted in billions of losses for the government.
These investigations include the entry of “hot cars” and motorcycles from the United States by Lynard Allan Bigcas allegedly through the various ports in Mindanao.
Mandanas said that P200 billion worth of revenues are lost due to outright or technical smuggling.
He emphasized the need to improve the government’s anti-smuggling efforts by providing for advance transmission and publication of cargo manifests and bill of lading to the Bureau of Customs, and conduct of physical examination of goods, among others.
The panel also investigated the Bureau of Internal Revenue’s plan to affix internal revenue stamps, whether bar codes or fusion design, on each pack of cigars and cigarettes subject to excise tax.
The committee had also tackled the issue on official debt management.
Records from the Bureau of Treasury show the total debt stood at P4.655 trillion of which 43 percent or P1.991 trillion is owed to foreign creditors while 57 percent or P2.664 trillion to domestic creditors according to him.
“The more deficit we incur, the more we have to borrow and more interest to pay. We have to address all these issues soonest so as not to adversely affect our credit standing, the investments coming in and our job creation program,” he added. (Kathrina Alvarez/Sunnex)

Source: http://www.sunstar.com.ph/manila/local-news/2011/06/11/lawmaker-p200m-lost-delay-passage-bills-160525

Although the Philippines is not known for being the wine capital of Asia, Clark Pampanga is the most frequently visited destination for wine lovers in Cebu, Angeles City and Manila to shop for some good vintage wine. The famous wine shop outside Manila called Clark Wine Center is the largest wine shop in Philippines which offers over 2000 selections of fine vintage wine from all wine regions, vintages spanning over 50 years covering all price ranges.

This wine shop in Clark is highly recommended as one of the best places to buy wine in Pampanga. Clark Freeport is just outside Manila near Subic and Angeles City Philippines is Clark Wine Center. Visitors buy wine in Manila and Pampanga should not miss stopping at this wine shop for a few bottles of fine vintage wines to bring home.

Established in 2002, YATS WINE CELLARS is a wholly-owned business unit of Hong Kong-based Yats International which owns and operates resort, wine shops, wine bars and fine-dining restaurant properties in Clark Freeport in The Philippines. YATS WINE CELLARS caters to a clientele of discerning wine lovers from all over the world. Besides a good selection of wine for everyday enjoyment, YATS offers a unique selection of aged vintage wines made available to wine enthusiasts at remarkably affordable prices. Vintages span over a century and the selection of old- and new-world wines covers all major wine regions.

http://www.ClarkWineCenter.com

Getting to this wine shop in Pampanga Angeles City Clark Freeport Zone Philippines from Manila
Getting to the Clark Wine Center wine shop from Manila is quite simple: after entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway M A Roxas. Clark Wine Center is the stand-along white building on the right, at the corner A Bonifacio Ave. From the Clark International Airport DMIA, ask the taxi to drive towards the entrance of Clark going to Angeles City. From Mimosa, just proceed towards the exit of Clark and this wine shop is on the opposite side of the main road M A Roxas.

Best place to buy wine in Clark Pampanga outside Manila near Subic and Angeles City Philippines is Clark Wine Center.

Click here to contact Clark Wine Center in Clark Pampanga for inquiries and orders.

Clark Wine Center
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Angeles Clark Freeport Zone, Pampanga 2023
0922-870-5173 0917-826-8790 (ask for Ana Fe)

Wine@Yats-International.com

YATS Wine Cellars
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 ask for Rea or Chay

Wedding couples looking for wedding reception venues and beach wedding venues can log on to this Philippines Wedding Venue web site for free information and assistance:

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While in Clark, it might be a good idea to enjoy an evening of wine-and-dine in the fine dining Yats Restaurant and Wine Bar that features an award winning 2700-line wine list. Highly recommended fine dining restaurant in Manila for special occasion is Yats Restaurant & Wine Lounge located in the famous Mimosa Leisure Estate in Clark Pampanga. Situated near this popular restaurant in Clark is the Mimosa Golf Course as well as the Mimosa Clark Casino. This top rated restaurant near Angeles City Pampanga in Clark Philippines is frequently used for private parties and corporate functions such as board meetings and other gatherings. It is located in Mimosa Leisure Estate of Clark Freeport Zone. For more information, visit http://www.YatsRestaurant.com

YATS Leisure Philippines is a developer and operator of clubs, resorts and high-class restaurants and wine shops in Clark Angeles Philippines http://www.YatsLeisure.com

Looking for famous tourists spots, places to visit and see, relax and unwind in Clark, Pampanga, Philippines? You may want to check out these sites also:

http://www.LondonPubClark.com

Besides good restaurants to wine and dine near Manila, Subic or in Angeles City Pampanga, Clark Philippines, those requiring assistance for hotel and resort bookings in Clark, Pampanga, Philippines may log on to http://www.HotelClarkPhilippines.com for more information and reservations.

The lifestyle in Clark Pampanga is quite unique. For more information about shopping, sports, golf, leisure, hotel accommodation, where to see and visit, what to do, where to wine and dine and good places to hang out, relax, have a drink with friends, child-friendly establishments, log on to
http://www.ClarkPhilippines.com

Wine lovers looking for a special bottle or something that is of great value and special discounts might log on to this web site to shop for fine vintage wines
http://www.YatsWineCellars.com

Those visitors who plan to relax and unwind in Angeles City, Subic, Pampanga, Clark Philippines might make an effort to book a room at the famous beach and lake resort Clearwater Resort & Country Club. This famous hotel in Clark Pampanga is frequently visited by families with children looking for a good place in Clark to see, a good holiday destination for the family to relax and unwind in the beautiful outdoor facilities. For more information, log on to www.ClearwaterPhilippines.com