Showing 11-20 of 1415 results

444 gas stations found imposing higher tax

MANILA, Philippines — Over 400 gas stations have already imposed additional excise tax on fuel products as the Department of Energy (DOE) continues to monitor the industry for the Tax Reform for Acceleration and Inclusion (TRAIN) law’s proper implementation. The DOE-Oil Industry Management Bureau (OIMB) said yesterday it has  received 444 reports on the retail […]

5% of gas stations prematurely implemented excise tax hike: DOE

MANILA — The Department of Energy (DOE) said 444 retail stations or around 5 percent of all gas stations in the country have prematurely implemented the second tranche of excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law. In a press briefing Thursday, DOE Undersecretary Felix William Fuentebella said the department will […]

5th consecutive major oil price hike seen next week

Metro Manila (CNN Philippines, August 4) — Another major oil price hike is seen to take effect next week with an increase of over ₱3 expected for diesel, industry sources said Friday.

75th anniversary of Indonesia’s independence: Pertamina dedicated to advancing Indonesia

Oil and gas giant Pertamina, as a state-owned enterprise (SOE), continues to uphold the mandate of the Constitution to be a driver of the national economy to support the vision of creating an advanced Indonesia. National economic progress must be supported by strong and independent management of energy resources.

8 Indonesian experts took part in Turkey’s Black Sea gas discovery

Eight Indonesian engineers were part of the team that discovered natural gas reserves off Turkey’s Black Sea coast. President Recep Tayyip Erdoğan announced last week the discovery of the 320 billion cubic meters (bcm) of natural gas. The gas field is expected to start operations in 2023, the 100th anniversary of the Turkish Republic.

A targeted fuel subsidy will worsen inflation, says Najib

PETALING JAYA: The government’s proposal to shift from a blanket fuel subsidy mechanism to a targeted one will lead to higher inflation, claims former prime minister Najib Razak. In a Facebook post, he said that the government should not introduce major economic policy changes at a time when inflation forecasts are still high, stating that […]

Abang Johari: No multi-layer sales tax on petroleum products

KUCHING: Sarawak Chief Minister Abang Johari Openg today clarified that only the export sales tax will be imposed on petroleum products. Clarifying that there would be no multi-layer sales tax on petroleum products, he said there was a lot of misunderstanding on the export sales tax for petroleum and gas product,s which was announced in […]

Aboitiz to pursue expansion in 3 ASEAN countries

While it was initially hamstrung by the niggling health crisis, Aboitiz Power Corporation indicated that it will still advance its planned investment expansion in the Southeast Asian region – specifically in Vietnam, Indonesia and Myanmar.

AboitizPower shuns coal in favor of natural gas

Aboitiz Power Corp. has been on a pivot toward renewable energy and away from coal-based electricity generation—even before the Department of Energy (DOE) announced a moratorium on greenfield coal projects—and is now even considering natural gas as an added boost for recovery from the pandemic.

AC Energy, Shell put on positive post-pandemic outlook

Six months into the COVID-19 pandemic, major energy players AC Energy and Pilipinas Shell Petroleum corporation look forward to emerging from the economic effects of the crisis.