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According to the ASEAN Automotive Federation (AAF), the region’s vehicle manufacturing industry experienced an 8-percent growth in 2018, producing a total of 4,368,870 units for the year compared to just 4,047,196 units the previous year. The Philippine vehicle industry however, was only able to supply 79,763 of that total, a …

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Some 444 retail outlets of various oil firms have already imposed the price adjustment for the second tranche of the excise tax of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As of January 10, the Department of Energy (DOE), through its Oil Industry Management Bureau (OIMB) has received …

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While the country is awaiting for the Tax Reform for Acceleration and Inclusion Act (TRAIN) Law’s second tranche to be fully-felt, the Department of Energy (DOE) proposes a few steps to adopt and promote an energy-efficient lifestyle for all Filipinos. Today, January 8, oil firms increased their prices at the …

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As oil companies implemented a price hike today, January 8, from PHP0.40 per liter for kerosene to as much as PHP0.80 per liter for gasoline, they cautioned the public that the increase still does not reflect the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As …

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The Department of Energy (DOE) has released its guidelines on the second tranche of excise tax hike on fuel products so that it “will be correctly implemented.” According to DOE Undersecretary Felix William Fuentebella, the government is requiring oil companies to submit operations report on a daily, monthly, and annual …

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As the year 2018 draws to a close today, the government looks back at the first year of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Part of the TRAIN Law cut workers’ tax rates and increased the level of tax-free annual income to PHP250,000, giving …

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With the second tranche of the looming oil excise tax just days away, Senator Win Gatchalian wants the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to form a joint task force that will guard against individuals and organizations that seek to profit from it by …

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Suzuki Jimny PIMS 2018

The year 2018 was a very challenging yet colorful year for the Philippine automotive industry. The movements, actions and reactions from both the private sector and the government were not the typical bumps and bruises of the business: it is more of bobbing and weaving through the kicks and punches …

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The Department of Energy (DOE) is prepared to implement the second increase in oil excise taxes next year, which is called for under the Tax Reform for Acceleration and Inclusion (TRAIN) law. “The DOE, in coordination with the Bureau of Customs and Bureau of Internal Revenue, is ready to implement …

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It looks like we only have until this month to enjoy the happy days of the oil price rollback—now on its eight week this week–as President Rodrigo Duterte has reportedly approved the implementation of the PHP2-per-liter fuel excise tax hike scheduled to take effect by January 2019. According to Presidential …

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The scheduled increase on fuel tax based on the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) Law is eyed to be countered as soon the proposal at the Senate is approved into law. Senator Joel Villanueva filed Senate Bill (SB) 2014 to reverse the TRAIN LAw or …

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Best Used Cars Under P100,000

A number of major car manufacturers around the world are seeing a noticeable drop in production and sales, raising the possibility that a long expected slowdown in auto sales is underway. Lower-than-expected bottom lines in all global markets, especially in China and Europe, impacted third-quarter results and outlooks for car …

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On Wednesday, November 14, Department of Budget and Management (DBM) Secretary Benjamin Diokno confirmed that the government has suspended the implementation of the additional PHP2 per liter of oil excise tax scheduled for 2019. In a meeting with the press, Diokno relayed the information provided by the Office of the …

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President Rodrigo Duterte is set to announce the suspension of the scheduled oil excise tax hike for 2019, as crude oil prices in the international market have reached critical levels. “Today’s price and multiple estimates of crude prices over the next two months show that the average price will stay …

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The rising oil prices in the world market is keeping the senators nervous in their seats–enough to urge the President to suspend the excise tax imposed on petroleum products before it reaches critical levels. Critical levels here means that the per barrel price of oil continues to remain at USD80 …

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