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(Eagle News) — Grab Philippines’ current fares are likely to stay the same until March even with the passage of the tax reform law. This is according to Land Transportation Franchising and Regulatory Board member Aileen Lizada, who spoke to reporters in an ambush interview on Tuesday. “We have to clear, we have to set it for reading,” she said. She said the LTFRB will have to consult stakeholders first, including the National Economic Development […]
(Eagle News) — Good news for teachers! President Rodrigo Duterte has instructed the Department of Budget and Management and “all other agencies” to “find means to increase the salary of teachers.” Presidential Spokesperson Harry Roque said the President made the pronouncement during a Cabinet meeting in Malacañang on Monday. According to Roque, the President did not say how much the increase would be. “But judging by what he wanted for the PNP and the AFP, […]
(Eagle News) — Citing the impact of the new tax reform law on fuel prices, ride-hailing company Grab on Friday asked the Land Transportation Franchising Regulatory Board that it be allowed to implement a 5 percent fare increase. In its petition, Grab sought to charge its customers P11 to P15 per kilometer traveled, up from the P10 to P14 it charged. The company also sought to increase its P2 per minute charge to P2.10 per […]
(Eagle News) — The effect of higher excise tax on fuel on the prices of commodities due to the Tax Reform for Acceleration and Inclusion law is minimal if not null. This is according to the Department of Trade and Industry, that called for a press conference on Thursday to address what it said were misconceptions about the new law. Under TRAIN, the excise tax of diesel increases to P2.50 per liter from zero, while […]
