Finance considering oil subsidy, lower VAT
Subsidies and a lower value-added tax rate are among the options being eyed by the finance department to cushion the impact of rising oil prices on the public. Finance Usec Gil Beltran added that subsidies will be targeted at poor families and channeled through the oil firms.
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Financial market highlights: TSX closed 1.95 points lower to 12,601.18 .
TORONTO – Highlights at the close of Friday’s world financial market trading.Stocks:S&P/TSX Composite Index — 12,601.18
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