Malacañang expressed confidence Tuesday, Oct. 26 that the government would be able distribute the P1-billion fuel subsidy it had committed to the public transport sector before the end of the year. Presidential Spokesperson Harry Roque (Photo from Harry Roque's Facebook) Presidential...
President Duterte’s economic managers approved the grant of fuel subsidies, giving public transportation sector the much-needed relief from skyrocketing pump prices. The inter-agency Development Budget Coordination Committee (DBCC) announced Monday, Oct. 25, that the government will shell-out P1...
Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
Instead of a fare increase, the Department of Transportation (DOTr) said it is planning to implement programs that will provide financial assistance to public utility vehicle (PUV) drivers and operators as a way to cushion the impact of the rising pump prices. (ALVIN KASIBAN / MANILA BULLETIN FILE...
A group said that hundreds of private schools could have been spared from closing down amidst the coronavirus disease (COVID-19) pandemic if only they were given subsidies that would help them sustain their operations. (RIO DELUVIO / FILE PHOTO / MANILA BULLETIN) “With this pandemic, there is a...
Senator Pia Cayetano has proposed the distribution of targeted subsidies for families and individuals who want to start or expand their home-based and micro businesses to cope with the COVID-19 pandemic. Senator Pia Cayetano (Office of Sen. Cayetano) During the Senate finance committee hearing on...
Filipinos living in condominiums and subdivisions will no longer qualify to avail of the ‘lifeline subsidy’ or electricity rate discounts extended to financially challenged power consumers. According to Manila Electric Company (Meralco) Vice President Lawrence S. Fernandez, based on the tenor...
As Christmas shopping nears, Filipino consumers must also factor in higher fuel budgets with the anticipated next round of hefty oil price hikes next week at P1.30 to P1.40 per liter for gasoline products, and P1.40 to P1.50 for diesel products. For kerosene, which is widely used in the aviation...
A 10-year ‘graduation plan’ on systematic reduction and eventual scrapping of subsidy in off-grid areas, or those jurisdictions not physically connected to the main power grids, is being pushed by the Department of Energy. In a draft circular, the DOE directed the National Transmission...
Despite difficulties in raising revenues amid the pandemic, the national government opted to increase the amount of subsidy it extended to state-owned corporations due to mounting health insurance claims. Data from the Bureau of the Treasury revealed that the financial support extended to...
The Energy Regulatory Commission (ERC) is soliciting inputs from industry stakeholders for the crafting of the implementing rules and regulations (IRR) of Republic Act 11552, which seeks to extend the lifeline subsidy or discount rate for marginalized electricity consumers for the next 50 years....
Consunji-led DMCI Power Corporation will be spending P3.5 billion for expansion of its power generation portfolio that will primarily cater to the off-grid domains of Masbate and Palawan. According to the company, a substantial amount of P2.7 billion will bankroll a blueprinted thermal power...
