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Traditional art, social media smarts: Marius Black’s hopeful, woodblock Manila

Only now, over a decade into his career as an artist, Marius A. Funtilar feels he’s finally found a semblance of success. With it, Funtilar — known professionally as Marius Black — says he’s come full circle.
“If [I] were to tell my younger self that it would take me 15 years [to reach this kind of success], I would have given up then,” he said.
Last Dec. 14, Funtilar launched his fourth solo show, “Unnoticed Beauty”,  at Kendo, a cafe-cum-gallery in Cubao, along with an accompanying book exploring pieces from his Manila Ukiyo-e series, where he recreates scenes from the urban jungles of Metro Manila in the style of traditional Japanese woodblock print.
Funtilar’s early work consisted heavily of self-portraits and comics produced with his wife. Culled from the world around him, his scenes were dominated by stark black and white, with streaks of yellow and red. He describes those early pieces as attempts at releasing a darkness in him, manifesting in surrealist oil paintings.
Today, Marius Black is best known for the beautiful narratives of hope he tells through his bright depictions of everyday Manila. Same setting, different story.

Manila Ukiyo-E is a series of hand-painted art prints depicting the daily goings-on of Manila’s denizens, “not giving up their right to exist and still enjoy life here in the Philippines.” Funtilar hopes the series might serve to inspire audiences by highlighting the silent courage of struggling through day after day in Metro Manila.
Funtilar begins each piece with his digital camera, snapping shots of his surroundings. He uses these photos as references for his artworks, outlined in pencil, then inked.
The hand-drawn pieces are then scanned and printed on watercolor paper. Funtilar brings the scenes to life with watercolors, gouache, and color markers, making each artwork in Manila Ukiyo-E a print-original hybrid.
“I found what was buried in me: I love colors, I love working on papers,” he said. “I just came back.”

A wider reach

As Funtilar worked through the darkness of his early art and began producing what would become his signature style, people began to take notice. But it wasn’t in galleries that he found his following. Like so many modern success stories, he found his success on social media.

“I had to unlearn all that I learned as a gallery curator,” he said. “The landscape is changing so you have to rethink everything, from how you produce to how you show your art.”
On platforms like Facebook, Funtilar was able to reach a wider audience. On Reddit, he could interact with fans and get commission jobs — more now than he can handle, he admits. And it was through social media that he received his biggest gig yet: working with the Light Rail Manila Corp. (LRMC) to create large-scale Manila Ukiyo-e pieces for the LRT Ikot campaign.
Back in October, Funtilar’s ‘Antay’, a bright rendition of the LRT EDSA station, made its rounds online, catching the eye of LRMC president and chief executive officer Juan F. Alfonso. As with the rest of the series, ‘Antay’ found the beautiful in the ordinary. Gritty in its realism, but hopeful in its depiction— mirroring Funtilar’s own paradigm shift.
“I was able to make something, subconsciously, a scenery that is heartbreaking but palatable, I guess, but colorful. I give it a story just to [show] what I see as hopeful,” he said. “It’s how I want to imagine the world to be, from what I see.”
Funtilar’s work can be found on his website and on Instagram @mariusblackarts.
 

Inflation likely eased in December — BSP

By Melissa Luz T. Lopez, Senior Reporter
INFLATION likely eased further in December, the Bangko Sentral ng Pilipinas (BSP) said, with the rate possibly settling at the five percent level given lower fuel and rice prices.
The BSP Department of Economic Research said on Friday that December inflation could range between 5.2-6%, which if realized will be the slowest since at least July.
“The sustained slowdown of inflation during the month is seen to be driven mainly by the continued decline in petroleum and rice prices, the rollback in minimum jeepney fare, and the slight appreciation of the peso,” the central bank unit said in a statement sent on Friday.
The Philippine Statistics Authority (PSA) will report December inflation data on Jan. 4, 2019.
Inflation clocked in at six percent in November, easing from nine-year highs of 6.7% logged in September and October. Still, the BSP forecast meant that prices have risen faster compared to a year ago, with the December 2017 rate tallied at 2.9%.
Retail pump prices declined further this month to mirror trends in the world crude market, at a time of ample supply coupled with uncertainties in the global economy amid trade tensions between the United States and China. According to the Department of Energy’s oil monitor, the price per liter of gasoline, diesel and kerosene posted net declines year-to-date as of Dec. 18.
In response, the Land Transportation Franchising and Regulatory Board took back the P1 increase in minimum jeepney fares implemented in November, leading to a decline in transport costs.
A stronger peso versus the dollar also helped reduce oil import payments, the BSP said, after the local unit traded at the P52 level this month.
For food, PSA data also showed sustained decreases in the retail price of well-milled and regular milled rice in December.
ELECTRICITY RATES UP
However, the BSP said higher electricity rates could partly offset lower prices of other commodities.
Power distributor Manila Electric Co. announced a P0.0902 per kilowatt-hour increase in utility rates for December, marking a second straight month of a higher charge due to bigger generation costs.
“Moving forward, the BSP will continue to closely monitor evolving price trends and domestic demand condition to help ensure that the inflation target is achieved,” the central bank added.
Inflation has averaged 5.2% from January-November, matching the full-year forecast of BSP but remains well above the government’s 2-4% target band.
The Monetary Board decided to raise benchmark interest rates by 175 basis points (bp) this year to cool inflation expectations and rein inflation back to target in 2019, marked by a back-to-back increase of 50bp each in September and October to mark the BSP’s most aggressive tightening move in over a decade.
Central bank officials kept interest rates steady during their Dec. 13 meeting, as they now expect prices of widely-used goods to trek a “lower path” over the next two years. Inflation will likely return to below four percent by the end of the first quarter of 2019, while the full-year print is seen averaging at 3.2%.
DECLINE SUSTAINED
In a separate report, economists at First Metro Investment Corp. (FMIC) and the University of Asia & the Pacific expect December inflation to inch lower to 5.9%, with the deceleration seen to spill over next year.
“Inflation is on a clear downtrend and should go below 5% (year-on-year) in Q1 2019 and steadily fall for the rest of 2019. Lower food prices and very soft crude oil prices should more than offset the increase in minimum wage and transportation rates,” the FMIC analysts said in its December issue of The Market Call.
In turn, easing inflation should help boost overall economic growth.
“Rapidly decelerating inflation, robust job gains and election spending, which should start in November 2018, and OFW peso remittances should provide ammunition for a recovery in consumer spending both in Q4 2018 and in 2019,” the report read.
FMIC expects Philippine gross domestic product to expand by 6.5% this year, matching the low end of the revised 6.5-6.9% target set by the Duterte administration.

Gov’t sets P360-B borrowing program for Q1

By Melissa Luz T. Lopez, Senior Reporter
THE government is looking to borrow P360 billion during the first three months of 2019 through a mix of short and long-term papers, a third bigger than the amount programmed the previous quarter.
The Bureau of Treasury released its borrowing program for the first quarter, which is higher than the P270 billion it looked to raise from October to December 2018.
Broken down, the state wants to shore up P240 billion from Treasury bills (T-bills) next quarter, higher than the P180 billion previously. The government is also eyeing P120 billion from the sale of Treasury bonds (T-bonds) coming from P90 billion in the fourth quarter of 2018.
The national government borrows from local and foreign sources to fund the increased spending and boost economic activity.
T-bill auctions will be held every Monday at P20 billion each week. This will be split into P6 billion each for the 91 and 182-day tenors, plus P8 billion for the 364-day notes.
In the previous quarter, the Treasury offered P15 billion worth of T-bills weekly, divided into P4 billion for the three-month debt papers, P5 billion for the six-month instruments, and P6 billion for the one-year IOUs.
On the other hand, the government will float a mix of T-bonds from January to March worth P20 billion every other week. The Treasury will offer 10 and 20-year papers on Jan. 10 and 24, followed by seven and three-year notes on Feb. 14 and 28, and five and 10-year instruments on March 14 and 28.
The state plans to borrow P1.189 trillion in 2019 to fund its spending plan. Of the amount, 75% will be sourced domestically while the remainder will be from foreign creditors.
Apart from T-bills and T-bonds, the government may also choose to float other debt instruments in other currencies like the dollar, yen and renminbi to offshore investors. Specific-use bonds are also being eyed to support the rehabilitation of Marawi City.
However, the 2019 national budget is yet to be passed by Congress and signed into law, leaving the fiscal program hanging so far. Economic managers of President Rodrigo R. Duterte said they will reassess their assumptions and estimates by late January, according to Budget Secretary Benjamin E. Diokno.
The budget deficit is projected to widen to as much as 3.2% of gross domestic product in 2019, versus a programmed three percent share this year to accommodate increased government spending particularly on infrastructure.

Japan still Philippines’ top ODA partner

JAPAN remains the biggest source of foreign funding for the Philippines, the National Economic and Development Authority (NEDA) said on Friday, accounting for nearly half the loan portfolio.
Loans and grants from the Japanese government reached $5.977 billion as of end-September to account for 41.2% of the country’s official development assistance (ODA), the NEDA said.
Commitments for the Philippines’ active ODA portfolio hit $14.507 billion as of September, broken down into loans worth $12.283 billion and grants at $2.225 billion.
ODAs refer to credit lines extended by foreign governments and international development and aid agencies for local projects, which come with cheaper borrowing rates compared to those imposed by banks.
Japan took the lion’s share after it extended financing for the government’s Metro Manila subway project, which involved a 105.43-billion yen (or P50.12 billion) loan line back in March. The railway plan forms part of the “Build, Build, Build” program of the Duterte administration, and is set to break ground in January 2019.
The project, which is expected to cost a total of P356.96 billion to build a 25-kilometer railway from Mindanao Avenue in Quezon City to the Ninoy Aquino International Airport in Pasay, is eyed to start partial operations in May 2022. A full run is targeted by 2025.
Japan also granted funding for the North-South Commuter Railway Extension project, the New Bohol Airport Construction and Sustainable Environmental Protection Project and the Metro Rail Transit Line 3 (MRT3) Rehabilitation Project, to name a few.
Tokyo was the top source of ODA in 2017, according to government data.
Multilateral lenders were the next-biggest sources of foreign funding, the NEDA said. The World Bank came second with $3.128-billion loans, more than a fifth of the total ODA. The regional lender Asian Development Bank followed with $2.24 billion.
Other major sources of ODA are the United States ($806.76 million worth of active project loans) worth 5.56% of the sum, and South Korea ($659.73 million) at 4.55%.
Also extending loans and grants to the Philippines are Australia, United Nations System, the China-led Asian Infrastructure Investment Bank, France, the European Union, China, Germany, OPEC Fund for International Development, Italy, Canada, Spain and New Zealand, NEDA added.
The Duterte government has said that it will rely more on public funding and foreign loans and grants via ODA to avoid delays and higher project costs, versus the old model of tapping public-private partnership (PPP) deals to put up big-ticket infrastructure. — Melissa Luz T. Lopez

Duterte’s net satisfaction remains “very good” in 4th quarter — SWS poll

THE NET satisfaction rating of President Rodrigo R. Duterte remained “very good” in the fourth quarter, according to the latest Social Weather Stations (SWS) survey released on Friday.
Mr. Duterte’s net satisfaction rating of +60 in the last quarter of 2018 is six points higher than third quarter’s +54 rating in September.
The President’s 2018 annual average net satisfaction score to +54, five points below the average net +59 in 2017.
According to the SWS survey conducted from Dec. 16 to 19, 74% of Filipino adults were satisfied with the president’s performance, 11% were undecided, and 15% were dissatisfied.
In the December survey, Mr. Duterte saw a big increase in his Metro Manila rating, which went up 22 points to +58 in December from +36 in September.
The president’s rating in Balance Luzon only increased by three points (to +52 from +49) and 13 points in Visayas (to +62 from +49).
Even though it remained “excellent,” Mr. Duterte experienced a decline of four points in his homeland Mindanao to +73 in December from +77 in September.
His satisfaction rating in urban areas went “very good” (+64 in December, up by 22 points from +42 in September).
Although it remained “very good,” Mr. Duterte’s rating in rural areas dropped by five points to +57 in September from +62 in September.
Meanwhile, by class, the president’s rating among members of class ABC went up by 21 points to +62 in December from +41 in September. His net satisfaction rating also increased in the class E level to +65 in December from +45 in September.
Among class D respondents, his rating went up by two points to end at +58 in December from +56 in September.
Mr. Duterte’s rating also improved in all age groups, except among 45-54 year-olds, where his rating dropped by four points to +54 in December from +56 in September.
His rating remained “very good” in both sexes: +63 among men in December (from +55 in September) and +57 among women (compared to +53 in September).
The survey was conducted through face-to-face interviews with 1,440 adults ages 18 years old and above: 360 each in Balance Luzon, Metro Manila, Visayas, and Mindanao. SWS used sampling error margins of ±2.6% for national percentages, and ±5% each for Balance Luzon, Metro Manila, Visayas, and Mindanao. — Vince Angelo C. Ferreras

Arroyo acquitted of 2007 poll sabotage charges

A PASAY regional trial court (RTC) cleared former President and current House Speaker Gloria Macapagal-Arroyo of charges of electoral sabotage during the 2007 senatorial elections.
In a Dec. 17 ruling, the Pasay City RTC Branch 112 granted the demurrer to evidence filed by Ms. Arroyo.
“For failure of the prosecution to prove the guilt of accused Arroyo beyond reasonable doubt and moral certainty despite ample opportunity and even without evidence in favor of said accused, the Demurrer to Evidence is granted and the charge of ‘electoral sabotage’ against accused Arroyo is hereby dismissed,” the ruling penned by judge Jesus B. Mupas read.
The case stemmed from allegations that Ms. Arroyo, who was then president, instructed then Maguindanao Governor Andal Ampatuan Sr. to ensure a 12-0 victory for her Tahanan Ekonomiya Aktibo at Magsasaka (TEAM) Unity senatorial ticket in Maguindanao during the 2007 polls.
Mr. Ampatuan then allegedly ordered Attorney Lintang Bedol and Provincial Administrator Norie Unas to tamper results of the elections. Mr. Unas is the case’s whistleblower and witness.
“In the case of accused Arroyo, there is no showing that she committed any overt acts towards the commission of electoral sabotage nor did she directly participate therein or even exerted moral ascendancy over her co-accused to commit the crime,” the court said.
“Judiciously examining the evidence, both documentary and testimonial, presented by the prosecution during the more or less seven (7) years that the present case has been undergoing trial, this court finds that the prosecution has failed to discharge its duty to prove the guilt of accused Arroyo beyond reasonable doubt, even in the absence of controverting evidence on the part of the accused,” it added.
The court also noted Mr. Unas’ testimony wasn’t the same as the 12 other witnesses in the case, saying that no one mentioned the name of Ms. Arroyo in relation to electoral sabotage.
“This alone is fatal to the case of prosecution,” the court said.
A P1 million bond posted for Ms. Arroyo’s provisional liberty was also ordered released by the Pasay RTC. — Gillian M. Cortez

Napoles appeals plunder conviction

BUSINESSWOMAN Janet L. Napoles on Friday appealed her conviction for plunder in connection with the Priority Development Assistance Fund (PDAF) scam.
In a motion for reconsideration filed before the Sandiganbayan First Division, Ms. Napoles cited the recent acquittal of former Senator Ramon B. Revilla Jr. of plunder charges, saying this “necessarily negated the crime of plunder because there is no main plunderer who amassed the ill-gotten wealth.”
“With the acquittal of Revilla, there is no main plunderer, hence, there is no plunder. Therefore, as a necessary consequence, his co-accused must also be acquitted,” she said.
In the Dec. 7 decision of the Sandiganbayan, Mr. Revilla was acquitted of charges that he gained P224.5 million from the pork barrel scam. However, Mr. Revilla’s former chief-of-staff Richard A. Cambe and Ms. Napoles were sentenced to life imprisonment, having been found “guilty beyond reasonable doubt.”
Ms. Napoles, the alleged mastermind of the pork barrel scam, said the anti-graft court’s decision did not identify the main plunderer between herself and Mr. Cambe. She also noted the crime should have been committed by a public officer for it to be considered plunder.
Ms. Napoles said Mr. Cambe cannot be accused as the main plunderer since the prosecution failed to prove that he took at least P50 million, the minimum amount for a crime to be considered plunder.
“The sole evidence of the prosecution shows that Cambe took only P13,935,000.00 which is way below the threshold of P50 million,” she said.
Ms. Napoles also noted the pork barrel scam whistleblowers and other state witnesses “are not credible enough to establish guilt beyond reasonable doubt.”
“In fact, the admission of the other witnesses that they were coached by the prosecution to corborate the untruthful statements of Benhur Luy should render their testimonies of doubtful veracity,” Ms. Napoles said. — G.M.Cortez

Review of US-PHL defense treaty not influenced by other countries

REVIEWING the Mutual Defense Treaty (MDT) between the Philippines and the United States is not influenced by the interest of other countries, Defense Secretary Delfin N. Lorenzana said on Friday.
In a press briefing at the Malacañan Palace, the Department of National Defense (DND) chief said plans to review the decades old treaty is in the interest of national security.
“We’re going to approach this MDT in the backdrop of what’s happening in the area and our interest as a nation — not the interest of other nations but our interests,” he told reporters on Friday.
The MDT was signed back in 1951 by both representatives of the Philippines and the US as formality of both of the countries’ alliance during foreign attack.
Mr. Lorenzana said there is a need to reassess the treaty since this was issued during the Cold War.
“Do we still have a Cold War today? Is it still relevant to our security? Baka hindi na (Maybe not).”
The Defense Secretary said there are no concrete plans as of now on how the government will review the treaty, but he has ordered lawyers to look into it.
On the other hand, Mr. Lorenzana is also planning to ask legislators to look into the Commonwealth Act No. 1 or The National Defense Act signed back in 1935 and “convince them to amend it to align it with what’s happening now.”
“The National Defense Act is still the law being followed by the military up to now. 1935 pa yun, napakatagal na (It’s from 1935 [so] it’s a really long time already),” Mr. Lorenzana added.
The said law called for the creation of an independent army of the Philippines. — GMC

Comelec inks MoA with AFP, PNP

THE Commission on Elections (Comelec) signed a Memorandum of Agreement (MoA) with the Armed Forces of the Philippines (AFP) and the Philippine National Police (AFP) to ensure that the upcoming plebiscite for the Bangsamoro Organic Law (BOL) Ratification will be peaceful.
Present during the MoA signing were Comelec Comissioner Al A. Parreno, AFP Chief-of-Staff Lieutenant General Benjamin Madrigal Jr., and PNP chief Director General Oscar D. Albayalde.
Mr. Parreno said that the partnership is timely not only because of the upcoming BOL Plebiscite but also the upcoming midterm elections in May.
“In the future there will be many challenges ahead of us. First of which is the plebiscite which will happen on Jan. 21, 2019 and another plebiscite which will happen in Feb. 6 which is still part of the Bangsamoro plebiscite. The three agencies will be working together and then we will have the national and local elections,” the Comelec Commissioner stressed.
For his part, Mr. Albayalde said that the PNP will do their best to safeguard the people during the elections.
“For the part of the Philippine National Police, we can only ensure the that the Bangsamoro Organic Law Plebiscite and the national and local elections will be peaceful and safe,” he said. — G.M. Cortez

DTI to investigate surge in ceramic floor, wall tiles imports

THE Department of Trade and Industry (DTI) will conduct a preliminary investigation on the surge in imports of ceramic floor and wall tiles after domestic manufacturers said these excessive shipments are hurting the local market.
In a notice published in a newspaper on Dec. 28, DTI said it found a clear case that warrants the preliminary investigation into the imports of such products following an application from the Philippine ceramic floor and wall tiles industry for the initiation of safeguard measures.
DTI said the its evaluation of the evidence from the industry showed that the cost of imports alone was cheaper compared to selling price of local products. Weighted average landed cost of imports from major sources (China, Indonesia, and Vietnam) in 2017, or the average total expenditure for buying and shipping a product which includes costs like customs duties, currency conversion, insurance, etc., was lower by 3.27% than the average selling of domestic products, which can drive local competitors out of the market, and further prevent the entry of new ones.
In 2015, a price depression, the point when local producers decrease their selling price to compete with importers, as accounted at 5.56%. From then, local producers have not increased their prices.
The department noted in the notice that the “significant increase in the volume of imported ceramic floor and wall tiles preceded the serious injury to the industry from 2015 to 2017.”
For the period of 2013 to 2017, market share of domestic producers declined to 14% in 2017 from 96% in 2013. Bulk of the imports in 2017 came from China (85.25%) from only 3.76% in 2013, followed by Indonesia (6.84%), and Vietnam (3.2%), which was the top importer in 2013 accounting for 48.22%. Earnings before interest and taxes also declined by 203% in 2015 from 71% in 2013. On the other hand, percentage of imported cement significantly grew from 4% in 2013 to 88% in 2016.
All in all, the import trend for ceramic floor and wall tiles increased from 2013 to 2016, DTI found. Imports for 2017 were lower by 13% compared to the previous year, but were higher by 2,192% in 2014, which is the pre-surge level. Share of imports to domestic production reached 696% in 2016 from merely 4% in 2013. Although the 2017 share was lower by 96%, or was at 600%, this was higher by 572% in 2014.
The department also noted that these conditions show the market share of local products was displaced during the period as imports increased.
With this, DTI is encouraging interested parties to submit their comments and position on the matter. Submissions may be made to the Bureau of Import Services, or in the office of DTI in Makati City within five days from date of publication of the notice. — VMPG

Initial rollout of National Cyber Intelligence Platform seen next month

THE INITIAL STAGES of the National Cyber Intelligence Platform (NICP) are expected to be launched this January, according to an advisor of the Department of Information and Communications Technology (DICT).
DICT cyber security on enabling technologies advisor Karla S. Cruz said on Thursday that the initial phase targets 10 government agencies that meet an initial digital readiness assessment.
“We cannot prevent threats. The goal of the NCIP is to be able to monitor both internal and external threats. But internal threats, we would really have to start within the government first, so within the first three months as the department is setting up the NCIP, the goal is to put together 10 of the priority agencies that we have identified,” Ms. Cruz said in a phone interview.
The 10 agencies are the Office of the President, Department of Finance, Department of Energy, Department of Foreign Affairs, Bangko Sentral ng Pilipinas, DICT, National Security Council, Department of Budget and Management, Department of Transportation, and Presidential Communications Operations Office.
“This can change depending on the readiness of this agencies if they have a network security in place,” Ms. Cruz clarified.
Ms. Cruz noted that the country lacks highly skilled technology professionals, and the DICT is now working with the academe to provide people with skills to combat threats.
Ms. Cruz cited the Bangladesh bank cyber heist as an example, which affected the banking industry and the country as well.
“How they entered, how they attacked, was cyber, but the basic infrastructure of the country was affected, so when you look at that, it is not one country attacking one country as well. They are really stateless,” Ms. Cruz said.
She explained that the NCIP will help improve response time, and build defenses using gathered data even before an attack is felt with full force.
The NCIP, which is a centralized monitoring system, will be headed by DICT Assistant Secretary Allan S. Cabanlong.
“The government must strengthen policy, come up with comprehensive plans, and monitor implementation to build internal resilience, allowing us to become better allies, ensuring cooperation in cyberspace,” Mr. Cabanlong said in a statement.
The NCIP aims to build resilience for the country in the next five years, Ms. Cruz said, which includes being implemented in the national elections.
The NCIP is part of the Philippines National Cybersecurity Plan 2022. According to DICT, the plan’s primary goals are to assure continuous operations of the country’s critical infrastructures, public and military networks; implementing cyber resiliency measures to enhance ability to respond to threats before, during and after attacks; effective coordination with law enforcement agencies; and to build a cybersecurity educated community. — R.J.N. Ignacio

DoE monitoring oil firms’ compliance with excise tax implementation

THE Department of Energy (DoE) is monitoring oil firms to ensure the second round of excise taxes for petroleum slated for 2019 will only be imposed on new inventory.
“With the imposition of the additional excise taxes, we are stringently looking at the 2018 inventories of oil companies in order to protect consumers from unjust trading and profiteering once the second tranche is operationalized,” DoE Secretary Alfonso G. Cusi was quoted as saying in a Thursday statement.
The DoE, together with the Department of Finance, the Bureau of Customs, and the Bureau of Internal Revenue, set up a mechanism to monitor the remaining inventories of oil companies before the implementation of the P2/liter excise tax next year, he said.
“We are ready to implement the second tranche of TRAIN, which imposes additional excise taxes to various commodities like petroleum products by New Year,” Mr. Cusi said.
He also noted that not complying with this order will have corresponding penalties.
“The sale of old stocks, referring to the remaining balance of the inventory ending 31 December 2018, which was not covered by the second tranche of excise taxes should not be collected from the consumers. Otherwise, it would be a violation of the law — not only administrative penalties like closure of the establishment will be imposed, but also the criminal penalty of large scale estafa,” Mr. Cusi said.
On Dec. 4, President Rodrigo R. Duterte approved his economic managers’ recommendation to scrap his order to suspend the oil price hike.
This means the continued implementation of the second tranche of the oil excise tax — an additional P2/liter set in 2019. This is after a P2.50/liter levy implemented in January 2018. An additional tax of P1.5/liter will be imposed in 2020.
The government noted that several factors were considered in the decision to implement the tax next year, including easing inflation amid a steep decrease in oil prices. — VMPG