Makati sets tax hike moratorium.

Byline: Louella D. Desiderio

Makati City will be implementing three-year moratorium on real property and business tax hikes to help residents and businesses cope with the economic crisis.

"We realize that this is not the time for the city government to further burden our business partners," Makati Mayor Jejomar C. Binay said in a statement.

"We believe that the city government's revenues are sufficient at the moment to sustain the level of services we provide our constituents," he added.

The proposal was said to be part of the city government's response to concerns raised by business leaders in a crisis conference last month.

It …