In order to cushion the effect of skyrocketing global oil prices on airlines, the Civil Aeronautics Board (CAB) this month allowed airlines to collect Level 7 fuel surcharge, the highest level in its matrix. Airlines now slap on fuel surcharges of P201 to P769 for local flights and P1,035 to P9,892...
The Senate indicated that proposed amendments to the Tax Reform for Acceleration and Inclusion (TRAIN) Act may still be pushed to trim taxes levied on fuel commodities, but may not be outright suspension of excise taxes on petroleum products as this would result in annual revenue losses of roughly...
President-elect Ferdinand "Bongbong" Marcos Jr. says he'll employ a tactic of his late father, former President Ferdinand Marcos Sr., in order to address the current fuel price crisis. President-elect Ferdinand Marcos Jr. (left) and the late President Ferdinand Marcos Sr. (BBM Media Bureau,...
With pump fuel prices seemingly racing toward the P100 per liter-mark, Camarines Sur 2nd district Rep. LRay Villafuerte is prodding the incoming Marcos administration to consider putting up a national strategic petroleum reserve (SPR). (Ali Vicoy/ MANILA BULLETIN) “I hope the BBM (Bongbong...
The Department of Finance (DOF) maintained that the government should continue the more targeted approach of fuel subsidy as it warns against bowing to pressure to suspend excise taxes on petroleum. As the incoming Marcos administration is coming under pressure from several parties to implement a...
RJ Jazul sizzled with six three-pointers to help Phoenix Super LPG hold off Rain or Shine 106-102 in the PBA Philippine Cup at Mall of Asia Arena on Sunday, June 19. Photo from PBA The Fuel Masters rode the hot hands of Jazul as he nailed a dagger triple with 33 seconds left to put the game to rest...
Phoenix barged into the win column in a dominant fashion as it drubbed the depleted Terrafirma squad, 97-74, in the PBA Philippine Cup on Friday, June 17 at the Ynares Center in Antipolo City. Jason Perkin leads the way as Phoenix grabs its first win at the expense of depleted Terrafirma. (PBA...
San Miguel Beer banked on an all-around showing from June Mar Fajardo in getting a 108-100 win over Phoenix Super LPG in the PBA Philippine Cup held Wednesday night, June 8 at the Smart Araneta Coliseum. June Mar Fajardo of San Miguel Beer (PBA) Fajardo put up 24 points, 15 rebounds, six assists...
Talent-laden San Miguel Beer launches its quest to win back the PBA Philippine Cup crown Wednesday, June 8 against Phoenix Super LPG at the Smart Araneta Coliseum. Marcio Lassiter of San Miguel (PBA) The Beermen troop to the floor at 6 p.m. against the Fuel Masters, who made a big move on the eve...
Phoenix was quick to secure the services of newly acquired forward Javee Mocon as it signed the former Rain or Shine player to a fresh three-year deal just hours after the PBA technical committee approved his trade to the Fuel Masters on Tuesday, June 7. Photo from Phoenix super LPG The Elasto...
President Duterte’s press secretary assured the public on Tuesday, June 7, that the government has put in place mechanisms that will address the inflation rate which grew to 5.4 percent last month and the skyrocketing prices of fuel in the country. PCOO Secretary Martin Andanar. (Malacañang...
Rain or Shine has decided to ship Jayvee Mocon to Phoenix in exchange for Nick Demusis and a pair of future picks. Jayvee Mocon Elasto Painters basketball operations chief Caloy Garcia confirmed the deal to Manila Bulletin , saying that they are scheduled to submit the trade proposal to the PBA...
