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An opposition senator on Monday said that he will file bill calling for the scrapping of the 12 percent value added tax (EVAT) imposed on petroleum products. Escudero made the statement during his visit at the Land Transportation Franchising and Reg...
05/05/2008 | 75 Hits | Print | PDF | Email | Read more...

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Local fuel prices will continue to increase, with oil companies on Monday announcing that they still had to recover at least P6 per liter in the coming weeks. Industry executives, speaking at a meeting called by the Energy department, defended the l...
05/05/2008 | 75 Hits | Print | PDF | Email | Read more...

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ASIAN FINANCE ministers on Sunday agreed to pool at least $80 billion in foreign exchange reserves as part of a scheme designed to avert a repeat of the 1997 regional crisis. Ministers of the 10 Association of Southeast Asian Nations (ASEAN) member-...
05/05/2008 | 71 Hits | Print | PDF | Email | Read more...

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A senator on Monday asked why government is not exercising its "right of first refusal" to buy the 40 percent stake in Petron Corp which Saudi Artamco is now selling to a foreign firm. The query was raised by Senator Mar Roxas , chairman...
05/05/2008 | 68 Hits | Print | PDF | Email | Read more...

  

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