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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…
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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…
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The Philippine Stock Exchange has approved a plan by the local unit of Royal Dutch Shell to sell as much as P29.7 billion worth of shares in what could be a landmark initial public offering (IPO) in…
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THE DUTERTE administration is bent on raising the excise tax on petroleum products and is now drafting a targeted subsidy scheme similar to the existing conditional cash transfer (CCT) program for poor households to be affected. Finance…
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The Department of Finance (DOF) sees higher oil excise as a major revenue source that will compensate for foregone revenues once income tax rates are slashed, as promised by President Duterte. At the House appropriations committee hearing…
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THE DEPARTMENT of Finance (DOF) is pushing to raise the excise tax slapped on oil products as this has remained low and unadjusted to inflation since it was put in place almost two decades ago. Separately, a…
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SINGAPORE, Singapore—Oil tumbled in Asia Friday, bucking an equities rally as worries over a supply glut and weak demand returned, with some analysts forecasting crude prices could fall to $40 a barrel. Prices had recovered from two-month…
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LOCAL oil companies announced cuts in the prices of petroleum products following a drop in international crude prices last week amid recovering oil production and concerns of slower energy demand in case Britain exits the European Union.…
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LOCAL oil firms cut gasoline prices but raised the cost of diesel and kerosene at the pump, continuing the price trend set last week. Shell and Seaoil implemented a rollback for gasoline of 25 centavos per liter…
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OIL FIRMS increased local retail prices this week by P1.10 a liter for gasoline, P1.50 for diesel and P1.10 for kerosene as market anticipation on proposed production cuts by exporters reflected on global trading last week (the…
