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(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) –The Tax Reform for Acceleration and Inclusion (TRAIN) law is expected to raise over P786 billion in revenues in a span of five years. According to Department of Finance (DOF) Secretary Carlos Dominguez III, the projected revenues amount to P786.4 billion in that period of time. Based on DOF data, Package 1 of TRAIN, which was signed into law on Dec 19, 2017, is expected to generate P89.9 billion. Package 1 raises taxes on fuel, […]
(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) — Malacañang on Thursday said both the rich and poor would benefit from the newly-enacted Tax Reform for Acceleration and Inclusion (TRAIN) Act, contrary to the claims of some critics. Presidential Spokesperson Harry Roque said in a press conference in Davao that the proceeds of TRAIN would fund the government’s massive Build, Build, Build programs. Roque said that under the program, the country would have better infrastructure, which translates to a more efficient delivery […]
(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 […]
(Eagle News) — Senator Bam Aquino on Wednesday warned of what he said was a possible domino effect of the increase in fuel prices with the passage of the Tax Reform for Acceleration and Inclusion law. In a statement, Aquino, who voted against the passage of TRAIN, said such an increase would lead to an increase in the prices of consumer goods. “Sa huli, mahihirap na Pilipino pa rin ang papasan at magdurusa sa epektong […]
SINGAPORE, Singapore (AFP) — Four Singaporean men were Friday charged over a scandal involving contracts for the metro worth almost Sg$10 million ($7.4 million), the latest problem to hit the financial hub’s train network. The prosecution of the group, which included former and current employees of metro operator SMRT, came after a series of breakdowns on the train system and a collision that injured dozens. The accidents have caused anger in the city-state where public […]
(Eagle News) — President Rodrigo Duterte has vetoed several provisions of the Tax Reform for Acceleration and Inclusion Act. A copy of President Rodrigo Duterte’s veto message showed that he vetoed the reduction of the income tax rate of employees of regional headquarters, regional operating headquarters, offshore banking units and petroleum service contractors and subcontractors. He also vetoed the exemption from percentage tax of gross sales/receipts not exceeding P500,000 of self-employed professionals, the zero-rating of sales of […]
QUEZON CITY, Philippines (Eagle News) — Senator Franklin Drilon is asking his fellow senators to consider giving fiscal incentives to business enterprises as said entities will bear most of the impact of the new Tax Reform Law. Drilon reasoned that many businesses will be affected by the new law, especially with its provisions increasing taxes on gasoline, electricity and tobacco products. Such taxes could be passed on by businesses to consumers and, according to Drilon, […]
by Kathryn Elsesser Agence France Presse DUPONT, United States (AFP) — An Amtrak passenger train traveling on a new route for the first time derailed Monday in Washington state, killing at least three people as cars plunged off a bridge onto a busy highway at the height of morning rush hour, officials said. The train, which was carrying 77 passengers and seven crew, derailed in DuPont about halfway between Tacoma and the state capital Olympia […]
But militant solons allege TRAIN “railroading” in House of Representatives (Eagle News) — Congress on Wednesday night ratified the final version of the Tax Reform for Acceleration and Inclusion bill, a priority measure of the Duterte administration. In the Senate, the bicameral conference report on the proposed tax reform was adopted with a vote of 16-4. Senators Sonny Angara, Franklin Drilon, Nancy Binay, Francis Escudero, JV Ejercito, Sherwin Gatchalian, Gringo Honasan, Loren Legarda, Grace Poe, Cynthia Villar, […]
BERLIN, Germany (AFP) — At least 47 people were injured when a passenger train crashed into a freight train near the western German city of Duesseldorf on Tuesday, prompting a large rescue operation. At least three of the passengers were “badly hurt” while the vast majority suffered light injuries, the Meerbusch fire department said on Twitter, giving the overall toll. The train was carrying 155 people. It was not immediately clear what caused the accident, which happened […]
