House pushes fuel tax credit for immediate price relief
Congressmen are pushing a tax credit scheme to allow immediate fuel price cuts, challenging the Department of Finance’s (DoF) position that suspending excise taxes may...
Philippines’ Marcos suspends excise tax on kerosene, LPG
MANILA — Philippine President Ferdinand Marcos Jr suspended taxes on kerosene and liquefied petroleum gas (LPG) on Monday to help consumers cope with rising...
Global fund managers seek reporting crackdown after Philippine flood-control scandal
MONEY MANAGERS led by BNP Paribas Asset Management and Robeco Institutional Asset Management BV are putting pressure on the Philippine government to introduce stricter...
PSEi falls as US-Iran talks end without peace deal
PHILIPPINE SHARES ended in the red on Monday, halting a three-day climb as sentiment soured again after talks between the United States and Iran...
Peso sinks back to P60:$1 level as US-Iran peace talks collapse
THE PESO slid back to the P60-per-dollar level on Monday as global crude oil prices climbed again after peace talks between the United States...
Fuel retailers roll back gasoline, diesel prices
SEVERAL OIL FIRMS are rolling back prices beyond the government’s initial projections, with diesel prices expected to drop by up to P23 per liter.
Housing dream slips further for Manila’s working poor
ELISA T. IFURUNG still imagines the day she can stop packing belongings into rented rooms. The 69-year-old retired household helper has moved five times as landlords raised rents beyond what her family could afford, each transfer shrinking the chances of settling down in a home she can call her own.
Philippines lags ASEAN neighbors in FDI Confidence Index
THE PHILIPPINES dropped two spots to 18th out of 25 emerging markets in the 2026 Foreign Direct Investment (FDI) Confidence Index by global management consulting firm Kearney.
Excise tax on LPG, kerosene suspended
PRESIDENT Ferdinand R. Marcos, Jr. on Monday said he approved the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene to soften the impact of rising fuel costs on households, while leaving levies on gasoline and diesel unchanged.
Relief from diesel, gasoline excise tax suspension to be limited, economic managers say
By Justine Irish DP. Tabile, Senior Reporter
SUSPENDING excise taxes on diesel and gasoline would only provide limited relief compared to lifting levies on liquefied...
Philippines seeks extension from US on waiver to buy Russian oil
MANILA — The Philippines’ Energy Secretary Sharon S. Garin said on Tuesday that the country is asking the United States for an extension on...
Peso back at P59 level on Iran deal hopes
THE PESO rose against the dollar on Tuesday, returning to the P59 level on market optimism over a potential resolution to the Middle East...