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 »

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 »

Villar, Poe justify TRAIN support; blame gov’t, traders for higher cost of goods

Katrina Domingo, ABS-CBN News
Posted at Oct 15 02:20 PM

Some traders and executive agencies, and not the government’s tax reform program, should be blamed for the rising cost of living in the country, 2 re-electionist senators who helped pass the measure said Monday. 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 »

Flames engulf German high-speed train

Reuters
Posted at Oct 13 05:48 AM

BERLIN - A German high-speed train travelling from Cologne to Munich caught fire early on Friday, prompting the evacuation of all 510 passengers without injury before flames ripped through two carriages and burned them out. Read more »

PEZA chief to lobby against TRAIN 2

ABS-CBN News
Posted at Oct 11 11:28 PM

The head of the Philippine Economic Zone Authority wants to meet with President Duterte to air her appeal to stop the second package of tax reforms. 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 »

Senators not yet keen on passing TRABAHO bill, says Zubiri

Sherrie Ann Torres, ABS-CBN News
Posted at Oct 09 10:36 PM

MANILA - The Senate is unlikely to pass the second package of tax reforms this year, but will try to pass a bill granting amnesty to delinquent tax payers, a senator said on Tuesday.  Read more »

OPINION: Digong’s ‘Imelda’ moment

Raissa Robles
Posted at Oct 07 11:54 PM

As Filipinos reeled from rising prices, partly brought about by the Duterte government’s TRAIN tax law, the President and his “family” secretly went to Hong Kong. Read more »

Filipinos interested in books but have little budget: survey

Kristine Sabillo, ABS-CBN News
Posted at Oct 05 01:45 AM

College student Jash Cruz is among the many millennials still smitten with young adult books. 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 »

As world oil prices rise, next round of fuel tax hikes may be suspended: analyst

ABS-CBN News
Posted at Oct 02 08:13 PM

The government may be prompted to suspend the second round of excise tax hikes on petroleum products due next year as world oil prices continue to rise, an analyst said Tuesday.    Read more »

BIR collection, posibleng higit sa P2 trilyon dahil sa TRAIN

ABS-CBN News
Updated as of Oct 02 05:30 AM

Naniniwala ang Bureau of Internal Revenue na maabot nito ang collection target na higit P2 trilyon sa susunod na taon. Read more »

The ANC Brief: October 1, 2018

ABS-CBN News
Posted at Oct 01 05:16 AM

In a speech before the UN General Assembly, Foreign Affairs Sec. Alan Peter Cayetano defended the Duterte administration’s war on drugs.  Read more »

Faster implementation of reforms to ease inflation outlook: DOF

ABS-CBN News
Updated as of Sep 28 01:57 PM

The sooner reforms such as the removal of non-tariff barriers and the passage of the rice tariffication bill were implement, the easier it would be to manage inflation. Read more »

MRT train muling nagkaaberya; ilang pasahero pinababa

ABS-CBN News
Updated as of Sep 27 08:36 AM

(UPDATED) Muli na namang nagkaproblema ang isang tren ng MRT ngayong Huwebes ng umaga, dahilan para pababain ang higit 500 pasahero. Read more »

Saudi Arabia opens high-speed train linking Islam's holiest cities

Reuters
Posted at Sep 25 10:38 PM

JEDDAH, Saudi Arabia - Saudi Arabia's King Salman on Tuesday inaugurated a 6.7 billion euro ($7.87 billion) high-speed rail linking the two holiest cities in Islam, part of efforts to boost tourism revenues as the country seeks to shed dependence on oil exports. Read more »

House begins work on 'TRAIN 4' tax law

ABS-CBN News
Posted at Sep 25 12:16 AM

While contentions remain over the first tax reform package, the House of Representatives begins working on the fourth set of tax measures.  Read more »