Still no new model for updating real property tax rates in Cebu City

Wenilyn Sabalo 06/14/2023

CEBU CITY, Philippines — Four months after Cebu City Mayor Michael Rama vetoed City Ordinance No. 138-2022, which increases the real property tax (RPT) rate, the city’s executive department has yet to introduce a new model for…

Fuel taxes and fare rates

12/06/2018

With the national government confirming its plan to impose a second tranche of fuel excise taxes next month as part of its so-called Tax Reform for Acceleration and Inclusion (TRAIN), a plan to set up a fare…

BSP seen to hike rates in 2019

Inquirer.net 12/02/2018

DESPITE softening global oil prices, the Bangko Sentral ng Pilipinas (BSP) may remain hawkish through 2019 to curb inflation expectations and stabilize the local currency, an economist from Dutch financial giant ING said. Nicholas Mapa, ING Philippines…

Interest rates up again, what now?

Fernando Fajardo 11/15/2018

When interest rates are high, the cost of doing business will be high. This will force business to charge more for their products. When there is inflation, the BSP responds by raising interest rates to lower it.…

The interaction of inflation, interest rates, and GDP

Fernando Fajardo 10/18/2018

An excise tax not only raises the price of the product directly and make the poor to suffer more; it also lowers output and create more joblessness among the poor. The government is lowering its real GDP…

COA recommends higher tax rates for Cebu City

Morexette Marie B. Erram 07/07/2018

The Cebu City government could have earned an additional P1.6 billion if they had amended the Revised Omnibus Tax Ordinance and imposed a 10 percent increase, at most, in local taxes. “The Revised Omnibus Tax Ordinance of…

Raising interest rates is counterproductive

Fernando Fajardo 05/24/2018

As of last month (April), the country’s inflation rate has gone up to 4.5 percent from only 3.2 percent in the same month last year and 4.3 percent in the previous month (March). This is the highest…

Grab: We don’t allow doubling of rates outside Metro Manila

Inquirer.net 04/18/2018

A message claiming that Grab had authorized the doubling of rates of rides outside Metro Manila was a “hoax,” an official of Grab Philippines said on Wednesday. Automotive journalist James Deakin earlier posted on Facebook his concern…

Train effect: Mactan Electric Co. to hike power rates, too

Norman V. Mendoza 01/09/2018

  WITH some power distributors in Cebu like the Visayan Electric Co. and Cebu Electric Cooperative 2 (Cebeco 2) announcing their plans to increase electricity rates next month, the Mactan Electric Co. (Meco) will also increase their…

Cebeco 2 to hike power rates in February

Morexette B. Erram 01/06/2018

ANOTHER power distributor in Cebu will increase its electricity rates next month to compensate for the expected increase in supply rates from power generators with the implementation of the first package of the government’s new tax reform…

Renewable energy initiative seen to lower power rates

Victor Anthony V. Silva 12/20/2017

Consumers, particularly those on off-grid islands, can expect lower power rates once an initiative to expand the use of renewable energy resources in the country goes full swing by 2018. The National Renewable Energy Board (NREB) on…

Raising taxi fare rates

STEPHEN CAPILLAS 10/05/2017

Don’t you just hate it when people try to exploit you after learning you had a windfall or a bonus, like they were sharks or some such predatory animal surrounding you after smelling blood oozing from your…

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.