Cayetano to government: reduce vat and natural gas royalties

THE government may not have a “magic wand” to instantly stop power rate increase in the country but it possesses power that could help cushion the hikes and spare the people from burdensome power rates, Senate majority leader Alan Peter Cayetano said Friday.

But aside from bringing misery to the public, Cayetano said, the current power rate in the country which is among the highest in the world, also discourages investors from bringing their businesses into the country and in effect denying the people of possible job opportunities.