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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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Everyone can feel the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) Law‘s excise taxes these days–and this includes fuel prices. The good news is that Sen. Paolo Benigno Aquino IV has filed Senate Bill No. 1798, or the Bawas Presyo Bill, to automatically suspend the excise tax …

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Car Lot

The local automotive industry is currently reviewing its second semester sales numbers as initial figures bode a grim outlook for the rest of the year given rising interest rates, weak peso, and higher vehicle price tags due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Nevertheless, the industry …

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Jeepney

The Land Transportation Franchising and Regulatory Board (LTFRB) will resume the distribution of the Pantawid Pasada fuel subsidy cards to jeepney drivers and operators starting today, August 7. In a statement it released yesterday, August 6, the agency said the distribution will resume on Tuesday, August 7 until Saturday, August …

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Jeepney

The government launched on Wednesday its fuel subsidy program for public utility jeepney (PUJ) operators and drivers to mitigate the impact of recent oil price hikes and higher excise taxes due to the Tax Reform for Acceleration and Inclusion (TRAIN) law. The Department of Transportation, Land Transportation Franchising and Regulatory …

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President Rodrigo R. Duterte has laid out three directives to concerned government agencies in an effort to cushion the impact of oil price hikes on Filipinos, Presidential spokesperson Harry Roque said on Saturday. Roque made this remark amid the soaring oil prices in the world market. “Our president is not …

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Operators of modern public utility jeepneys (PUJs) have filed a petition before the Land Transportation Franchising and Regulatory Board (LTFRB) seeking for a PHP2 fare hike and a PHP1 “surge price” during rush hours amid the recent hikes in oil prices. The operators who are plying routes in Marikina and …

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Autohub Group, the exclusive importer, distributor, and dealer of Mini in the Philippines, announced it will be retaining the prices for all its stock units until June 15. This is despite the imposition of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. After June 15, the price for all …

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Subaru SUVs

Motor Image Pilipinas, Inc., the exclusive distributor of Subaru vehicles in the Philippines, encourages you to enjoy and drive your very own Subaru today. Make the most out of this array of ever better deals and choose from these exclusive discounts on the Subaru Forester: PRE TRAIN               NET SELLING PRICE …

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Mazda CX-5 Skyactiv-D

Last December 19, 2017, President Rodrigo Duterte signed the Tax Reform for Acceleration and Inclusion (TRAIN) bill into law. It sought to reduce tax on personal income while simultaneously imposing a higher tax on fuel, tobacco, sugary beverages, and cars. With the signing of the law, the increase in vehicle …

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