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News and Events

PAL Seeks Reimposition of Fuel Surcharge Amid Rising Aviation Fuel Prices

Is this the end of extremely cheap airfares?

Philippine Airlines (PAL), the country’s flag carrier that recently earned a four-star designation from international aviation raters, has submitted a petition for the reimposition of a fuel surcharge in all of its routes amid rising aviation fuel prices.PAL President and Chief Operating ...

by Elyssa Christine Lopez  | February 15, 2018 09:00:00
News and Events

Nissan PH reveals new prices for 2018

Some big changes

With four new vehicles and the GT-R Nismo launched this month, Nissan Philippines is off to a roaring start this year. Now the Japanese carmaker has revealed its new price list for 2018, and this will certainly set the tone for the rest ...

by Jason Tulio for  | February 03, 2018 12:00:00
News and Events

What Cars Do Senators Own, And How Will TRAIN Law Affect Their Vehicles’ Retail Prices?

The Senate gets credit (or blame) for easing excise taxes on luxury vehicles. What will it cost them if they buy the same cars this year?

One of the oddest outcomes of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, which came into effect last January 1, 2018, was the lopsided impact of the new tax law on low-priced and high-end vehicles.While the new law increased the ...

by Pauline Macaraeg  | January 26, 2018 10:00:00
News and Events

Here's How Much Ford Vehicles Will Cost This 2018

As expected, Ranger lineup now cheaper

If you've been planning to buy a Ford pickup truck to start 2018, boy do we have some good news for you. The American carmaker has just posted its 2018 price list on its website, and its popular Ranger lineup—except for two ...

by Drei Laurel for  | January 22, 2018 12:00:00
News and Events

Lipo, Facelift or Botox: Guess Which Cosmetic Procedures Are Likely to be Covered by the New 5% Excise Tax?

The BIR is soliciting public comments on draft tax regulations on medical procedures that largely aim to prettify

When President Rodrigo Duterte signed the Tax Reform for Acceleration and Inclusion (TRAIN) law last December, it was clear that the new measure will impose a five percent excise tax on non-essential products and services, particularly medical procedures that mainly aim to ...

by Pauline Macaraeg  | January 13, 2018 11:00:00
News and Events

Here's How Much Honda's Cars Cost Now with Higher Excise Taxes

It's official

So it begins. Honda Cars Philippines is the first car manufacturer to reveal its 2018 price list—you know, the one under the new Tax Reform for Acceleration and Inclusion (TRAIN) law.As expected, higher excise taxes mean higher car prices. Almost every model ...

by Drei Laurel for  | January 08, 2018 12:00:00
News and Events

What Do the Majority Owners of PH’s No.1 Car Maker Really Think of the New Taxes on Automobiles?

Alfred Ty of GT Capital, which owns 51 percent of Toyota PH, shares his views on the newly approved tax law

Alfred Ty at the Christmas lunch for media and the launch of the new Toyota Yaris at the Grand Hyatt Hotel in Bonifacio Global CityA member of the Ty family, which controls the holding firm that owns a majority of Toyota Motor ...

by Paul John Caña  | December 20, 2017 06:00:00
News and Events

Higher Vehicle Excise Taxes Seen to Have Minimal Impact on Car Sales

BPI Family Bank expects buyers to either choose cheaper models or apply for a car loan

In response to government proposals to increase excise taxes on the sale of new automobiles, car manufacturers and dealers have warned that the move would crimp car sales. That could hurt not just the companies but also the thousands of workers employed ...

by Pauline Macaraeg  | July 14, 2017 02:00:00