Economy

Solon calls for implementation of 10% fare cut under TRAIN law

MANILA – A lawmaker at the House of Representatives on Friday called for the implementation of the additional 10-percent fare discount in public utility vehicles, as provided in the Tax Reform for...

Recommendation to suspend oil tax hike remains: Lambino

MANILA — A ranking official of the Department of Finance (DOF) said the recommendation of economic managers to suspend the second installment of the oil excise tax increase in 2019 remains despite...

Pernia says scheduled hike in fuel tax should push through

MANILA -- Socioeconomic Secretary Ernesto Pernia favors that the petroleum tax hike scheduled for next year push through, after the latest report on oil futures forecast a softening of oil world crude...

PCCI proposes to PRRD possible solutions to economic woes

MANILA -- The country’s largest business organization, the Philippine Chamber of Commerce and Industry (PCCI), presented to President Rodrigo Duterte on Thursday its list of resolutions formed in the weeks leading up...

Gov’t adjusts GDP, inflation targets

MANILA – The Philippine government's economic managers on Tuesday announced the revision of some economic targets after factoring-in the impact of mostly external factors. In a briefing, Budget and Management Secretary Benjamin Diokno...

World oil prices help Vietnam expand an already fast-growing economy

TAIPEI — An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red...

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