Consumer firms face margin squeeze under excise tax plan
The Philippine Department of Finance proposed an excise tax package that would more than triple sweetened-beverage excise taxes to P20 per liter from P6 and high-fructose corn syrup to P40 per liter from P12, indexed annually. It would also raise distilled spirits tax to P157.21 per proof liter and expand coverage to alcopops. Analysts expect affected listed consumer firms to absorb some costs initially, pressuring margins, with demand impacts varying by brand exposure. The DoF projects P129.68B

