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1. Escudero to file bill scrapping EVAT on oil products

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...

2. Weekly oil price hikes seen to continue

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...

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3. $80-B fund pool to avert repeat of financial crisis

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-...

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4. Roxas: Why is gov't not buying stake in Petron?

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...

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