News

Palace approves fuel tax hike suspension

Dharel Placido, ABS-CBN News
Posted at Nov 14 04:37 PM

Malacañang has formally approved the suspension of the two-peso fuel excise tax increase scheduled in January 2019, a document released Wednesday showed. Read more »

Senators mull raising tobacco excise tax to fund universal health care program

Sherrie Ann Torres, ABS-CBN News
Posted at Nov 13 01:33 PM

Health Secretary Francisco Duque earlier said a P769.55 billion budget is needed to fund the first four years of the Universal Health Care program. Read more »

Bawas-singil sa petrolyo, nakaamba sa susunod na linggo

ABS-CBN News
Posted at Oct 25 09:14 PM

May namumuro na namang tapyas sa presyo ng produktong petrolyo sa susunod na linggo. Read more »

Pernia: 'Least essential' spending may be cut with fuel tax hike suspension

ABS-CBN News
Posted at Oct 25 09:50 AM

The government will follow a "hierarchy of essentiality" when it comes to spending, prioritizing infrastructure and investments in education and health.  Read more »

Dagdag sa Pantawid Pasada ng mga tsuper, posibleng tapyasan

ABS-CBN News
Updated as of Oct 24 10:42 PM

Nagbabadyang matapyasan ang matatanggap na tulong ng mga tsuper at operator ng jeep mula sa gobyerno sa susunod na taon sa oras na suspendehin ang dagdag sa excise tax o buwis sa langis. Read more »

Fuel subsidies may be slashed with excise tax hike suspension: DOF

Dharel Placido, ABS-CBN News
Updated as of Oct 24 04:07 PM

Finance Assistant Secretary Tony Lambino, quoting an "initial estimate" from Budget Secretary Benjamin Diokno, said the aid could be reduced to P10,000 from P20,000 per beneficiary. Read more »

Gov't 'keen' on keeping deficit goal despite fuel tax hike suspension

ABS-CBN News
Posted at Oct 24 10:46 AM

If the tax increase is suspended for the entire 2019, it could result to P41.6 billion in foregone revenues. This could be offset by P14 billion in value added tax collections, Finance Undersecretary Karl Kendrick Chua told a Senate hearing. Read more »

Walang dagdag: Fuel subsidy sa mga pumapasada ng jeep ipinako na

ABS-CBN News
Posted at Oct 17 07:28 PM

Hindi na dadagdagan ang halaga ng mga Pantawid Pasada card dahil sa suspensiyon ng dagdag sa buwis sa langis sa susunod na taon, sabi nitong Miyerkoles ni Budget Secretary Benjamin Diokno.   Read more »

DBCC creates task force to review potential expenditure cuts

ABS-CBN News
Posted at Oct 16 03:40 PM

The task force will review possible expenditures that could be “calibrated” such as the purchase of cars and the budget for creating new positions   Read more »

Grupo di kontento sa pagsuspende ng dagdag-buwis sa langis

ABS-CBN News
Updated as of Oct 15 10:07 PM

Hindi kontento ang mga militanteng grupo sa pagsuspende ng gobyerno sa dagdag-buwis sa langis para sa susunod sa taon bilang hakbang upang makaagapay ang mga konsumer sa taas-presyo ng mga bilihin.  Read more »

Senators ask Duterte to suspend further increase in fuel excise taxes

ABS-CBN News
Posted at Oct 14 06:33 PM

Majority senators have asked President Rodrigo Duterte to suspend the second tranche of fuel excise taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) law. Read more »

Gov't suspends 2nd tranche of fuel excise taxes to tame inflation

ABS-CBN News
Updated as of Oct 14 07:19 PM

The government is suspending the implementation of the second tranche of fuel excise taxes, originally scheduled next year, to keep inflation in check, the Department of Finance confirmed Sunday. Read more »

'Stop the TRAIN excise tax on fuel'

Junny Roy, ABS-CBN News
Posted at Oct 10 07:36 PM

Senator Bam Aquino, with Senator Francis Pangilinan, files a resolution to stop the excise tax on fuel under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, at the Senate legal office on Wednesday.  Read more »

Minority senators ask Duterte to suspend excise tax on fuel

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 10 05:34 PM

A suspension of the excise tax, according to Senator Bam Aquino, would mean a P2 price reduction per liter of gasoline and diesel and P1 decrease in price of kerosene. Read more »

DOF: Dubai crude price average in Q4 to determine fate of excise tax hike

ABS-CBN News
Posted at Oct 09 10:32 AM

The first tranche of tax reforms set an $80 per barrel threshold for the automatic suspension of further excise duty increases. The price of Dubai crude recently hit that level. Read more »

Presyo ng gasolina, sumampa na sa pinakamataas na antas

ABS-CBN News
Posted at Oct 03 09:45 PM

Sumampa na sa pinakamataas na antas ang presyo ng gasolina, batay sa tala ng Department of Energy.  Read more »

Finance dept for subsidies, not lower excise tax on fuel

ABS-CBN News
Updated as of Oct 03 11:55 AM

The upper 10 to 20 percent of Filipinos spend a total of P2,000 to P3,000 per week on diesel or gas, accounting to more than half of fuel consumption in the country. Read more »

P12 pasahe sa jeep, ihihirit dahil sa taas-presyo ng petrolyo

ABS-CBN News
Updated as of Sep 24 10:57 PM

Nakaumang ang posibilidad ng taas-pasahe dahil sa sunod-sunod na akyat ng presyo ng petrolyo, na nasa ikapitong taas na sa Martes, Setyembre 25, 2018. Read more »

Pagsuspende ng buwis sa langis, iminungkahi kontra taas-presyo

ABS-CBN News
Posted at Sep 12 09:08 PM

Umapela nitong Miyerkoles ang grupo ng mga negosyante sa gobyerno na huwag munang ituloy ang ikalawang bugso ng excise tax sa petrolyo para maiwasan ang lalo pa umanong paglobo ng presyo nito. Read more »

Employers group suggests VAT cap, excise tax suspension on fuel

ABS-CBN News
Updated as of Sep 12 04:31 PM

The government should consider suspending the value added tax and the excise taxes on fuel amid quickening inflation, an employers' group said on Wednesday.  Read more »