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Gov’t misses target to bring in ‘cheaper’ diesel

The government’s target to bring in “cheaper,” imported diesel by the end of the month will not be met, according to Energy Secretary Alfonso Cusi. Even then, Cusi said in an interview there were at least two foreign companies that had signified intent to provide the supplies for the Department of Energy’s envisioned national strategic […]

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Bam Aquino calls for urgent review of Train law amid soaring inflation

Senator Bam Aquino urged his colleagues on Monday to review the Tax Reform for Acceleration and Inclusion (Train) Law amid the country’s inflation rate shooting up to 4.3 percent in March that had Filipinos dealing with rocketing prices of goods and services. In Senate Resolution No. 704 filed April 5, Aquino wants the appropriate Senate […]

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Congress raises tax on cars, fuel

Personal income tax of salary-earners has been lowered but the excise tax on a host of goods and services such as automobiles, tobacco, coal, oil products and cosmetic procedures, has been increased under the Tax Reform for Acceleration and Inclusion (TRAIN) bill that both chambers of Congress are set to ratify today. On Monday, the […]

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Petron posts 56% jump in income

Petron Corp. saw its consolidated net income in the first semester surge 56 percent year-on-year to P8.2 billion this year from P5.3 billion last year, despite supply issues brought about by refinery maintenance. The oil refiner and retailer said in the first half of 2017, it saw its crude oil inventory go down while its […]

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Fuel marking in 2018 to curb oil smuggling, raise P44B – DOF

MANILA — The fuel marking system eyed for implementation starting early 2018, will allow the government to collect additional revenues of up to P43.8 billion lost to smuggling each year, according to the Department of Finance. In a statement, the DOF said on Monday that fuel marking, which would form part of the first package […]

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House approves increased taxes on automobiles, fuel

The House of Representatives passed on third and final reading President Duterte’s comprehensive tax reform package before the 17th Congress adjourned its first regular session. Voting 246-9-1, congressmen passed House Bill 5636, also known as the Tax Reform for Acceleration and Inclusion (Train). Opposition lawmaker Albay Rep. Edcel Lagman was the lone abstention to the […]

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Planning a trip to Baguio CITY? Gas up in lowlands

URDANETA CITY—If you are traveling on your own vehicle to Baguio City, make sure you have enough fuel to take you down to the lowlands to refuel in Pangasinan or La Union province. This is because prices of petroleum products, except for diesel, are higher by at least P14 for every liter in the summer […]

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Oil firms jack up pump prices

Pump prices of petroleum products went up today (Tuesday) after three straight weeks of decline as the global glut was deemed to have been easing. Local oil firms raised prices as early as midnight of Tuesday, with the price of gasoline rising by 30 centavos per liter. There were no changes in the pump prices […]

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3-step oil excise tax hike eyed

As prices of oil products as well as vehicles will increase under the proposed first package of the Duterte’s administration comprehensive tax reform program, inflation is seen to rise 3 percent or within the government’s target next year, according to the Department of Finance. House Bill (HB) No. 4774 filed by House ways and means […]

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Higher oil tax faces rough sailing in Senate

Tax reform, especially lowering personal income tax rates, will be high in the Senate’s priority when sessions resume today, but Senate President Aquilino Pimentel III said they would continue to oppose moves to slap new taxes. “Tax reform is very high in our priorities, but I think the Department of Finance should explain it more […]

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Jul 18, 2018

A couple of years back, I wrote about how men congregate on Sunday mornings like they are on a

Jul 18, 2018

Ferraris have always been about passion. They capture the very essence of the beauty and romance in driving.


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