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The Bureau of Internal Revenue (BIR), through Revenue Memorandum Circular (RMC) No. 100-2026, is implementing the renewed suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene pursuant to Executive Order (EO) No. 125 by President Ferdinand R. Marcos Jr. under Republic Act (RA) No. 12316. Commissioner Charlito Martin Mendoza explained that this new […]
The Department of Agriculture (DA) has indefinitely suspended exports of fresh purple yam, or ube, to shore up scarce planting material as the Philippines seeks to expand domestic production and turn the crop into a bigger export earner. The Bureau of Plant Industry (BPI) imposed the suspension in mid-August, covering fresh ube and propagative planting […]
The Fertilizer and Pesticide Authority (FPA) has slapped suspension and preventive suspension orders on five fertilizer firms over alleged violations of fertilizer laws and regulatory policies, amid concerns over counterfeit products, mislabelling, and unauthorized distribution activities. The sanctions followed separate investigations, monitoring operations, and compliance checks involving fertilizer manufacturers, distributors, and product registrants. “The violations […]
The Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC) has rolled out a loan payment moratorium for qualified farmers and fisherfolk, as the government steps up efforts to shield rural livelihoods from the ongoing energy crisis and rising production costs. The measure is anchored on Department of Agriculture Administrative Order No. 2, series of […]
Senator Mark Villar filed Senate Resolution No. 366 urging government financial institutions to implement loan moratoriums, grace periods, and penalty condonation to help Filipinos cope with rising fuel prices and living costs amid the ongoing energy crisis. The proposal covers service agencies and financial institutions such as the Social Security System (SSS), Pag-IBIG Fund, National […]
The Energy Regulatory Commission (ERC) held a consultative meeting with the Philippine Independent Power Producers Association (PIPPA) to discuss ERC’s proposed way forward, particularly the lifting of the Wholesale Electricity Spot Market (WESM) suspension and supported the publication of the Draft Resolution on the Modified Administered Price under ERC Case No. 2026-006 RM as a […]
Speaker Faustino “Bojie” Dy III said the government is “all hands on deck” as the House of Representatives moves swiftly to pass a measure allowing the suspension of the mandatory biofuel blending requirement under the Biofuels Act of 2006 after President Ferdinand Marcos Jr. certified the bill as urgent. House Bill (HB) No. 8469, or […]
Senator Kiko Pangilinan filed a bill that would authorize the President to temporarily suspend excise taxes on petroleum products during periods of global crisis, aiming to cushion Filipino consumers and businesses from sudden spikes in fuel prices amid the Middle East conflict. Senate Bill No. 1940 aims to give the President the power to suspend […]
Senator Bong Go expressed readiness to support measures that would ease the burden on Filipinos should global oil prices surge to $80 per barrel, stressing the ripple effects of higher fuel costs on basic commodities while voicing deep concern over the safety of overseas Filipino workers (OFWs) in the Middle East. With gasoline now hovering […]
As part of its continuing commitment to protect the welfare of Overseas Filipino Workers (OFWs) and ensure accountability among freight forwarding companies, the Bureau of Customs (BOC) has suspended the accreditation of Makati Express Cargo, Inc. (MECI) as a Deconsolidator or Consignee for a period of sixty (60) days. The suspension was imposed following MECI’s […]