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...
The Land Transportation Franchising and Regulatory Board (LTFRB) has labeled as "misleading" the news reports saying that only a measly 1 percent of its P5.56-billion fund for public utility vehicle (PUV) drivers and operators affected by the coronavirus disease (COVID-19) pandemic ended up being...
Transport group Pinagkaisang Samahan ng mga Tsuper at Operators Nationwide (PISTON) prodded on Monday, Aug. 16, the Land Transportation Franchising and Regulatory Board (LTFRB) to immediately release the funds intended for drivers and operators affected by the coronavirus disease (COVID-19)...
