Tag: higher
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Motorists to Face Higher Fuel Prices as Retailers Announce Price Hike for 2025
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Motorists will see an increase in petroleum product prices this week as retailers announced a significant price hike on Monday to kick off 2025, following a rollback the previous week. In separate announcements, Seaoil Philippines Corp. and Shell Pilipinas Corp. stated they will raise the prices per liter of gasoline…
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New taxes key to generate higher revenues — report
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THE NATIONAL GOVERNMENT (NG) may need to impose new taxes or raise tax rates in order to meet its revenue goals, GlobalSource Partners said. In a report, GlobalSource country analyst Diwa C. Guinigundo said that the government is “bent on depending on intensified tax collection to fund the deficit.” “This…
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Higher NAIA charges seen to weigh on travel demand
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THE EXPECTED INCREASE in fees at the soon-to-be privatized Ninoy Aquino International Airport (NAIA) could alter travel demand dynamics, potentially impacting passenger volumes and operational margins for airlines operating at the airport, according to analysts.
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June Meralco rates jump amid higher generation charge
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TYPICAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will have to pay higher electricity bills this month, even as the utility deferred the collection of a portion of generation costs. Meralco in a statement on Thursday said the overall rate will increase by P0.6436 per kilowatt-hour (kWh) to…
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Meralco Q1 net income up on higher energy sales
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MANILA Electric Co. (Meralco) recorded an 18.9% increase in its consolidated net income to P9.6 billion for the first quarter (q1) of the year, driven by energy sales and growth in other business segments. “[The increase was] due to higher energy sales volume of the distribution business and ongoing contributions…