The Marcos administration’s decision to limit consumer subsidies shields the government budget from global price shocks but threatens to choke off private consumption and derail domestic demand, according to global debt watcher Moody’s Ratings. In its latest Asia-Pacific (APAC) report published...
A total of 235 tricycle drivers in Barangay Sta. Cruz, Makati City received fuel subsidy vouchers from the city government on Thursday, June 18, to help ease the impact of rising fuel prices. Mayor Nancy Binay led the distribution of the vouchers to members of the KYTODA, SCTATODA, and ZAVTODA...
State-run think tank Philippine Institute for Development Studies (PIDS) is urging the government to overhaul its energy subsidy frameworks, warning that design flaws are allowing wealthy households and profitable private resorts to capture millions of pesos intended for marginalized consumers. In...
State-run Government Service Insurance System (GSIS) has opened 1,000 slots for ₱15,000 assistance per academic year for children of government workers to pursue Science, Technology, Engineering, and Mathematics (STEM) courses. The initiative, known as the GSIS Subsidy for STEM Program (GSSP),...
The Bureau of Internal Revenue (BIR) expanded its list of tax-exempt power sector fees, a move aimed at preventing double taxation and lowering electricity bills for consumers amid volatile global energy markets. Under Revenue Memorandum Circular 60-2026 issued on June 4, the government’s main...
A member of the House Committee on Energy is suggesting the use of fuel value-added tax (VAT) collections in a mechanism to partially subsidize electricity bill rebates. Ako Bicol Party-list Rep. Alfredo Garbin Jr. made this proposal amid the complaints on social media regarding the so-called...
The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the inclusion of a total of 141,724 units of passenger jeepneys and UV Express in the list of beneficiaries for the P10 per liter discount fuel subsidy program. LTFRB Chairman Vigor D. Mendoza II said all the details of...
More than 141,000 units of passenger jeepneys and UV Express were uploaded to the database that grants P10 per liter discount fuel subsidy, the Land Transportation Franchising and Regulatory Board (LTFRB) disclosed on Monday, May 18. LTFRB chairman Vigor D. Mendoza II said the figure covers all...
The national government increased subsidies to state-run corporations by nearly a fifth in the first quarter of the year, driven by aggressive funding injections for energy modernization and agricultural support. According to the latest data from the Bureau of the Treasury, total financial...
Senator Loren Legarda hailed the third-reading approval of Senate Bill No. 1894, a measure that seeks to strengthen the Universal Access to Quality Tertiary Education Act, or Republic Act No. 10931, by improving the implementation of the Tertiary Education Subsidy (TES). The proposed measure aims...
At least 21 Transport Network Companies (TNCs) are now under investigation over the bloated number of fuel subsidy beneficiaries in the ride-hailing service sector, the Land Transportation Franchising and Regulatory Board (LTFRB) said. The issuance of show cause order came after Department of...
The Department of Education (DepEd) is expanding its subsidy program for students enrolled in private schools, targeting more than 2.4 million beneficiaries for School Year 2026–2027 under the expanded Government Assistance to Students and Teachers in Private Education (E-GASTPE). Of the total...
