Additional tax on cement imports opposed

Cement importers fear the business would no longer be profitable if the government would insist on further taxing cement imports, which will leave the country less equipped to handle supply shortfall.   Importers get only P8.25 profit margin a bag of cement, according to data presented by the Philippine Cement Importers Association (PCIA) to reporters.   Cement manufacturers who also import get much more, PCIA said, citing a margin of P25.42 to P67.36 a bag of cement, based on market information and 2017 financial statements.   Cement makers import despite claims that local production is enough to meet demand.   The profit margin of cement impo...

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