Higher tax could push cement prices higher: manufacturer


Posted at Jan 30 2019 11:03 AM

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MANILA -- Cement prices could go up with the imposition of an additional tax on the construction input, a manufacturer said Wednesday.

A provisional tax of P8.40 per bag could bring prices to P185 to P200 per bag, said Philcement president and CEO Eduardo Sahagun.

"The country needs cement and obviously we are in short supply. In the end, as the country needs it, it will be passed on to end users and consumers," Sahagun said.

Sahagun estimated that cement would account for 10 percent of the government's P8-trillion infrastructure program.