News

Suspension of next fuel tax hike will help 'manage' inflation expectations: DOF

ABS-CBN News
Updated as of Oct 16 11:50 AM

Department of Finance (DOF) Asec. Tony Lambino said many people mistakenly blame excise taxes on fuel for the rising prices of goods.  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 »

Economic 'tokhang': Duterte, Arroyo aides clash over agri SRP

ABS-CBN News
Updated as of Oct 10 12:19 PM

The plan of President Rodrigo Duterte's agriculture chief to impose a cap on meat and rice prices drew criticism on Wednesday from an adviser of his ally, House Speaker Gloria Macapagal-Arroyo. 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 »

Shell to raise pump prices on Tuesday

ABS-CBN News
Posted at Oct 08 09:50 AM

The price adjustments will take effect at 6 a.m. on Oct. 9. Read more »

Duterte admin's rating drop due to inflation - analyst

ABS-CBN News
Updated as of Oct 07 02:08 PM

An 8-point point slide in the net satisfaction rating of President Rodrigo Duterte's administration is due to its failure to curb the rising prices of goods, a political analyst said Saturday.  Read more »

Ilang maliliit na negosyo, nanganganib na magsara dahil sa inflation

ABS-CBN News
Posted at Oct 06 02:00 AM

Ilang maliliit na negosyo ang nanganganib na magsara dahil sa pagsipa ng inflation sa bansa. Read more »

High food inflation continues to hurt consumers

ABS-CBN News
Posted at Oct 06 12:35 AM

No reprieve is in sight in the coming months. Read more »

World Bank trims PH growth forecast

ABS-CBN News
Posted at Oct 04 11:47 PM

The World Bank trimmed its growth forecast for the Philippines in 2018, but said the Philippine economy will remain resilient in the face of elevated inflation. Read more »

NFA fails to get Senate panel's nod on 2019 budget

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 04 06:28 PM

MANILA - The National Food Authority (NFA) on Thursday failed to pass the scrutiny of the Senate subcommittee on finance on its proposed budget for next year. Read more »

Dissecting Data: Dubai crude and Philippine inflation

ABS-CBN News
Updated as of Oct 04 10:14 AM

Inflation has been outpacing the rise in Dubai crude prices since the start of 2018 and recently hit $80 per barrel, the threshold wherein further increases in the excise tax on fuel may be suspended. Read more »

Inflation expected to remain elevated amid lagging farm sector

ABS-CBN News
Posted at Oct 04 12:06 AM

Several government agencies carry out their own measures to address the rising inflation, which is widely expected to reach its highest level since February 2009. 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 »

P100 take home pay? Jeepney operators push for new fare hike

ABS-CBN News
Updated as of Oct 03 11:20 AM

Jeepney drivers may stop plying roads if regulators fail to raise the minimum fare amid rising fuel prices, a transport leader warned Wednesday.  Read more »

Presyo ng mga bulaklak, tumaas na ilang linggo bago ang Undas

ABS-CBN News
Posted at Oct 03 02:22 AM

Ilang linggo bago mag-Undas, nagsimula nang tumaas ang presyo ng mga bulaklak. Read more »

BSP think-tank sees 6.3 to 7.1 percent inflation range in September

ABS-CBN News
Updated as of Sep 28 06:08 PM

The Bangko Sentral ng Pilipinas think-tank on Friday projected inflation numbers in September to settle at around 6.8 percent, with a range of 6.3 to 7.1 percent. Read more »

Signs of the times: Most urgent concerns of Filipinos

Infographic by Andrea Canlobo, ABS-CBN News
Updated as of Sep 28 08:30 PM

What were the most urgent national concerns of Filipinos early this month? Read more »

Fuel prices go up for 7th straight week

ABS-CBN News
Posted at Sep 25 12:19 AM

As fuel prices go up for the seventh straight week, transport groups are now calling to raise the minimum jeepney fare to P12.  Read more »

Are public market vendors overpricing goods?

ABS-CBN News
Posted at Sep 25 12:03 AM

The price of chicken is still high, despite government's efforts to keep prices of basic commodities in check. Read more »

Manufacturers: Rice tariffication can raise prices of processed meat

ABS-CBN News
Posted at Sep 20 12:10 AM

The rice tariffication bill aims to increase the country's rice supply by removing rice import restrictions.  Read more »