Economy

TRAIN’s 2018 revenue target cut

MANILA -- Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and...

Gov’t recognizes auto industry’s economic contributions

MANILA -- The Philippine government has recognized the automotive vehicle industry's contributions towards accelerating the country’s economic growth in recent years, a Palace official said. During the 7th Philippine International Motor Show in...

Gov’t won’t lose from oil excise tax suspension: consumer group

MANILA – Consumer group Laban Konsyumer Inc. (LKI) said government does not stand to lose should the second installment of the oil excise tax increase be put on hold. In a statement, LKI...

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...

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