Liquefied petroleum gas (LPG) retailers have vowed to immediately reduce the prices of their products--which Filipino households use as cooking has--once President Marcos issues the executive order (EO) suspending the excise tax on it. REGASCO President and former Liquefied Petroleum Gas Marketers...
President Marcos remains not keen on suspending the value-added tax (VAT) on petroleum products, citing the "windfall" revenue it generates as a source of funding for response efforts amid the Middle East crisis. In a Palace briefing on Monday, April 13, Marcos finally elaborated on the reasoning...
Why were gasoline and diesel not part of the excise tax suspension on petroleum products on Monday, April 13? President Marcos said these will be discussed during a meeting with the UPLIFT Committee on Tuesday. "That 's to be discussed tomorrow," he said when asked in a press briefing,...
BAGUIO CITY – Residents and public utility vehicle (PUV) associations here agreed on a "voluntary" fare hike that would help address the woes of both commuters and transport sector workers following a public consultation. “The different associations conducted public consultations to inform the...
Senator Loren Legarda on Monday, April 13 urged the government to consider the immediate suspension of fuel excise tax and value-added tax (VAT) on diesel and gasoline as millions of Filipinos still do not feel the government’s relief from the fuel hikes and rising prices of basic commodities. ...
To help address rising operational costs and improve school operations, the Department of Education (DepEd) announced it is increasing per-learner funding for public schools under the 2026 budget. DepEd Secretary Sonny Angara said the increase in Maintenance and Other Operating Expenses (MOOE)...
President Marcos personally dispelled rumors about his health on Monday, April 13, by appearing before the media in Malacañang, where he even dared those peddling fake news about him to join him at the gym and exercise. In jest, the President even challenged them to join him in exercising to...
Noting that time is of the essence, senators on Monday, April 13, questioned why the Department of Foreign Affairs (DFA) has to seek the United States’ permission to import oil from Russia and delay the delivery of oil supply in the country. Sen. Sherwin Gatchalian, chairman of the Senate...
President Marcos on Monday, April 13, announced the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene, as part of government efforts to cushion the impact of rising fuel prices. “Tinanggal ko na ang excise tax sa LPG at sa kerosene (I have removed the excise tax on LPG and...
The government exceeded its short-term borrowing target on Monday, April 13, as investors swarmed the primary market, driving down yields across all maturities and ending a month-long streak of underwhelming auctions. The Bureau of the Treasury raised ₱32.1 billion in three-month, six-month, and...
Whether it was "early politicking" or "early campaigning," President Marcos will not pay any attention to the newly-formed political coalition 's intention, Malacañang said. "Kung anuman po ang ninanais nila sa gitna ng krisis sa Middle East, iyong maaga nilang pamumulitika, iyong maaga...
The expected lifting or reduction of excise taxes on petroleum products must take effect swiftly, or right after President Marcos greenlights it via an executive order (EO). Marikina City 2nd district Rep. Miro Quimbo, presiding officer of the Legislative Energy Action Development (LEAD) Council,...
