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Malacañang is supporting the decision of government economic managers to push through with the second round of fuel tax increases next month. Presidential spokesperson Salvador Panelo said the economic managers had their reasons for withdrawing their initial recommendation to suspend the fuel tax increase amid rising inflation. “I’m sure they have basis to make that […]
The government is set to suspend the excise taxes on fuels in case global oil prices average above $80 a barrel for three straight months. An interagency committee would issue in the next few weeks the guidelines on the suspension in case a provision in the Tax Reform for Acceleration and Inclusion (TRAIN) Act is […]
Vehicle sales dropped 14.1 percent in August, a slower decline from the previous month as the market starts to show signs of improvement, data showed. Sales fell to 30,313 units that month, lower than the 35,309 units vehicle manufacturers sold in August last year. Despite the drop, this is slower than the 24.1-percent year-on-year decline […]
With the Train Law or Republic Act 10963 finally signed and implemented for 2018, car prices will change: most will go up, some will go down.