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After successfully convicting Chief Justice Renato Corona, the House of Representatives has set its sight on passing key measures during the last few days of its session next week, including a bill that seeks to impose higher taxes on tobacco and alcohol products.

House Bill 5727 seeks to increase the price of cigarettes costing P11.50 to P23.50 during the first year of the legislation’s implementation. Tobacco products costing P11.50 and above, meanwhile, will be sold for P31.80.

Alcohol products, meanwhile, will be imposed with the following taxes during the first year of the legislation’s implementation:

• P25 for distilled spirits (whiskey, brandy, rum, gin and vodka) less than P90,
• P150 for distilled spirits worth P90 to P150,
• P320 for distilled spirits worth P150 and above,
• P250 for wines worth P500 or less,
• P700 for wines worth more than P500,
• P15.49 for fermented liquor (beer, lager beer, ale, porter) worth P50.60 or less, and
• P20.57 for fermented liquor worth more than P50.60.

The government expects to generate P33 billion in revenues after a year of this legislation’s implementation.

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(Source: robelynvreyes)

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Marcelo Santos III: The Next Internet Celebrity on YouTube

By Maiqui Rome Francis M. Sta. Ana

A 20-year old college student from Novaliches has taken the hearts of the Filipino youth through his emotional Love Story on Video (LSOV) which can be seen at the video sharing site, YouTube.

Marcelo Santos III, a 4th year Advertising and Public Relations student from the Polytechnic University of the Philippines (PUP) located at Sta. Mesa, Manila, started his video making career as nothing more than a hobby for his friends.

(Source: robelynvreyes)