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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…
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…
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…
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.…
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…
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…
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…
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…
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…
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…
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…
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…
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