Energy & Mining
Sweeping fuel excise tax suspension risks P43.6B in revenue loss
The government could forgo up to P43.6 billion in revenues if it suspends excise taxes on all fuel products for three months, a senior Finance official said, highlighting the fiscal trade-offs as authorities move to cushion consumers from elevated oil prices.
MPower expands reach with 60-store Starbucks PH contract
MPower, the retail electricity arm of Manila Electric Company, has signed an agreement with Rustan Coffee Corporation to supply electricity to selected Starbucks branches in Metro Manila.
Fuel prices drop as companies announce rollbacks
Fuel companies implemented price rollbacks on Tuesday, driven by lower global crude oil prices following a two-week ceasefire between the United States and Iran.
Marcos cuts LPG, kerosene excise to ease costs
President Ferdinand Marcos Jr. on Monday ordered the removal of excise taxes on liquefied petroleum gas (LPG) and kerosene, a move aimed at easing household expenses while maintaining support for domestic producers.
Citicore boosts capacity with new Pangasinan solar plant
Citicore Renewable Energy Corp. (CREC) has switched on its 125-megawatt-peak solar facility in Pangasinan, lifting its total gross installed capacity to 794MWp and reinforcing the Luzon grid ahead of peak summer demand.
