MANILA, Philippines — Inflation growth would not overshoot the new target set for this year and next as increases in transportation cost have already been factored into the new assumptions, Socioeconomic Planning Secretary Ernesto Pernia said yesterday. On Tuesday, the Development Budget Coordination Committee adjusted upwards the inflation forecasts for this year to a range […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) said yesterday it is maintaining its recommendation to suspend the next increase in fuel excise tax in January despite declining Dubai crude oil prices. “The recommendation to suspend stands. We are anticipating a formal announcement from OP (Office of the President),” Finance assistant secretary Antonio Lambino said […]
Read MoreMANILA, Philippines — The suspension of the next increase in fuel excise tax may no longer be necessary given the declining price of Dubai crude oil in the global market, the Department of Finance (DOF) said yesterday. Citing data from the S&P Global Platts as of Oct. 12, Finance Undersecretary Gil Beltran said the Dubai crude oil futures for […]
Read MoreMANILA, Philippines — LBC Express Holdings Inc., the listed logistics company, has acquired LBC Mabuhay Remittance Brunei Remittance SDB Bhd after acquiring the shares of the latter’s majority shareholders. In separate disclosures yesterday, LBC Express said the company signed a share purchase agreement to acquire from Jamal Ltd. 50 percent ownership in LBC Mabuhay Remittance […]
Read MoreMANILA, Philippines — Philippine transport regulators have approved an across-the-board increase in bus fares, adding to budget woes of Filipinos who are in retreat as rising prices squeeze households. The Land Transportation Franchising and Regulatory Board, or LTFRB, granted Thursday morning a provisional P1 hike in bus fares for the first five kilometres. Bus commuters […]
Read MoreThe country’s antitrust watchdog has imposed a P16-million fine against ride-hailing firm Grab Philippines and erstwhile rival Uber for failing to observe the status quo while their merger was being reviewed. The Philippine Competition Commission (PCC), in a statement, said the two firms had violated “key provisions” of its Interim Measures Order (IMO), issued in […]
Read More
Thailand
