House approves three remaining Duterte admin tax packages
December 3, 2018
The House of Representatives on Monday approved the three remaining tax packages of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) Approved were House Bill 8677 to increase excise taxes on tobacco, House Bill 8618 to raise excise tax on
LTFRB rolls back jeepney fare to nine pesos
December 3, 2018
The Land Transportation Franchising and Regulatory Board (LTFRB) released a resolution Monday ordering a provisional rollback of the minimum fare for public utility jeepneys from ten pesos to nine pesos. “Because of the continuous rollback in the price of fuel,
Duterte admits using marijuana to stay awake
December 3, 2018
President Rodrigo Duterte said he is taking marijuana to keep him awake but he later clarified it in an ambush interview with reporters after speaking at a Malacanang event. Duterte, who declared war on illegal drugs, made the admission during
Stock index, peso close higher
December 3, 2018
The Philippine Stock Exchange ( PSE) ended strongly on Monday, with the main index gaining more than two percent in the first trading day of December. The Philippine peso closed at P52.32 against the US dollar from P52.45 on Thursday.
Palace defends economic team on proposal to continue with 2nd tranche of fuel excise tax in 2019
December 3, 2018
Malacanang defended on Monday the recommendation of the economic team to pursue with the implementation of the additional excise tax on petroleum products by January next year. “Well I’m sure the economic managers have basis to make that recommendation,” said
PNP to refile kidnapping cases against Ocampo’s group
December 3, 2018
Philippine National Police ( PNP) Director General Oscar Albayalde on Monday said they will be re-filing kidnapping cases against former Bayan Muna Representative Satur Ocampo and 17 other who were arrested in Davao del Norte last week. Albayalde, in a
Bersamin appeals to court officials to help reform judiciary
December 3, 2018
Chief Justice Lucas Bersamin on Monday appealed to his colleagues and court officials to help him in putting reforms in place in the judiciary. In a flag-raising ceremony Monday as top magistrate, Bersamin said: ”“I have no promise to you
Military, police to recommend extending martial law in Mindanao by one year
December 3, 2018
The military and police will recommend to President Rodrigo Duterte at least one year extension of martial law in Mindanao. In a press briefing in Camp Aguinaldo on Monday, Armed Forces of the Philippines Chief of Staff General Carlito
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