Press Release

Salceda Thanks Recto for Withdrawing Capital Gains Tax Hike Proposal, Stands for Stronger Middle Class

April 29, 2025 — Albay 2nd District Representative and House Ways and Means Chair Joey Sarte Salceda today expressed his gratitude to Finance Secretary Ralph G. Recto for withdrawing the Department of Finance’s proposal to increase capital gains, donor’s, and estate taxes under the draft “GROWTH Bill.” Salceda earlier opposed the measure for its possible […]

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Salceda on March inflation: Positive news, but keep an eye on meat prices

As expected, inflation continues to slow down as the price pressures present last year on rice and other key commodities are no longer as heated. Year-on-year, the price of rice notably declined by 7.7 percent, a welcome development that was anticipated by the House Murang Pagkain Supercommittee. I expect prices of rice will continue to […]

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Salceda lauds start of tollway works to Bicol; vows to improve arterials to Bicol ecozone, key towns

House Ways and Means Chair Joey Sarte Salceda (Albay, 2nd district) lauded the Toll Regulatory Board’s announcement that the final engineering design for the first segment of the South Luzon Expressway Toll Road 5 (TR5) is set for approval, paving the way for the start of actual works in the expressway. The TRB recently announced […]

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February inflation is great at 2.1 percent but the better news is that rice prices declined by almost 5 percent year-on-year. I take that as a sign that we can continue with our rate cuts and we can pursue a more aggressive expansionary stance on the fiscal side.

At the same time, supply-affirming initiatives such as farm inputs and logistics improvements are critical. Our perennially volatile fruits and vegetable sector will also benefit from cold storage, which has been made a priority of the administration. Moving forward: We also need more ports and cheaper inter-island trade. We should look at repealing the provisions […]

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