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10-centavo levy vs oil, petroleum tankers constitutional – SC

MANILA, Philippines – The Supreme Court (SC) has declared as constitutional a provision in Republic Act 9483 compelling petroleum tanker and barge operators to pay a 10-centavo levy for each liter of oil in every delivery or transshipment they make from a storage facility to a given destination. The 10-centavo ........»»

Category: newsSource: rappler rapplerSep 12th, 2018

Gas, Diesel Prices Up, Excise Tax Only for New Stocks: DOE

Petroleum companies announced a 20-centavo-per-liter increase in gasoline and a 65-centavo hike in diesel pump prices while no movement was reported on kerosene prices. Shell, Seaoil, PTT Philippines, and Phoenix Petroleum will implement the adjusted... The post Gas, Diesel Prices Up, Excise Tax Only for New Stocks: DOE appeared first on MetroCebu News......»»

Category: newsSource:  metrocebuRelated NewsJan 2nd, 2018

CA junks move to impose 10-centavo levy per liter for oil transhipment - Inquirer.net

CA junks move to impose 10-centavo levy per liter for oil transhipment - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsJan 12th, 2017

CA junks move to impose 10-centavo levy for oil transhipment - Inquirer.net

CA junks move to impose 10-centavo levy for oil transhipment - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsJan 12th, 2017

‘Impeach’ gang

“Their ultimate purpose in their bid to form a bigger bloc in the Senate is part of the plot to oust Duterte through impeachment. Impeachment is no longer just a constitutional remedy to remove an unwanted President as far as Philippine politics is concerned. It has become an obsession of the opposition. Under the 1987 […].....»»

Category: newsSource:  tribuneRelated News9 hr. 12 min. ago

Phoenix Petroleum to issue P10 billion STCPs

Listed independent oil firm Phoenix Petroleum Philippines Inc. is issuing P10 billion worth of short-term commercial papers......»»

Category: financeSource:  philstarRelated NewsOct 19th, 2018

Oil Deal with Israel to Boost PH’s Energy Resources Dev’t: Palace

The Philippines’ new oil exploration deal with Israel’s Ratio Petroleum Ltd. would boost the country’s energy resources development, Malacañang said on Thursday. “We’ve been dependent on oil producing countries for our oil. So we need to boost the exploration and development of our own energy resources,” Presidential Spokesperson and Chief Presidential Legal Counsel Salvador Panelo […].....»»

Category: newsSource:  metrocebuRelated NewsOct 19th, 2018

Huge Tokyo splash: PSL tankers triumph

Call it the great Tokyo splash as youthful swimmers from the grassroots-based Philippine Swimming League overshadowed two teams from China and bagged the much-coveted overall title in the 2018 Toky.....»»

Category: newsSource:  philippinetimesRelated NewsOct 19th, 2018

Phoenix Petroleum to issue up to P10-B commercial papers

PHOENIX Petroleum Philippines, Inc. said its board of directors had approved the issuance of commercial papers amounting to up to P10 billion, of which an initial series amounting to P7 billion are to be offered this year, the company told the stock exchange on Thursday. The post Phoenix Petroleum to issue up to P10-B commercial papers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2018

Petron planning new refinery in Bataan

PETRON CORP. is planning to add a new petroleum refinery in Bataan that will boost its capacity by 100,000 barrels daily. The post Petron planning new refinery in Bataan appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2018

PHL signs oil exploration deal with Israel’s Ratio Petroleum

THE Philippines on Wednesday formally awarded a petroleum service contract (PSC) to Israeli firm Ratio Petroleum Ltd. for the exploration of an area in the east Palawan basin, a move which the Energy department said bodes well for country’s upstream petroleum industry. The post PHL signs oil exploration deal with Israel’s Ratio Petroleum appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2018

First oil contract under Duterte admin signed

Malacañang on Thursday, October 18, confirmed that President Rodrigo Roa Duterte has signed the first-ever petroleum service contract under his administration that would pave the way for the conduct of more oil exploration activities in the country. The President attended on Wednesday the ceremonial signing of the Petroleum Service Contract (PSC) for Area 4 (East […].....»»

Category: newsSource:  tribuneRelated NewsOct 18th, 2018

PH signs deal with Israeli firm for oil exploration east of Palawan

MANILA, Philippines – The Philippines has signed an oil exploration deal with Israeli firm Ratio Petroleum Ltd, allowing the company to explore for oil and gas resources in an area east of Palawan. The Petroleum Service Contract (PSC) was signed by President Rodrigo Duterte, Energy Secretary Alfonso Cusi, and Ratio ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

Israeli helps Manila find oil

Energy Secretary Alfonso Cusi attended on Wednesday the ceremonial signing of the Petroleum Service Contract (PSC) for Area 4 (East Palawan Basin) of the Fifth Philippine Energy Contracting Round (PECR5) at the Heroes Hall, of Malacañang Palace. President Duterte signed the PSC on behalf of the government while Itay Raphael Tabibzada, company president and CEO, […].....»»

Category: newsSource:  tribuneRelated NewsOct 18th, 2018

Young PSL tankers overall champs in Tokyo Invitational swimming

The Philippine Swimming League (PSL) bagged 33 gold, 35 silver and 12 bronze medals to claim the overall championship in the 2018 Tokyo Invitational Swimming Championship held at the St. Mary’s International School swimming pool in Tokyo, Japan......»»

Category: sportsSource:  philstarRelated NewsOct 16th, 2018

Congressmen banking that senators are as greedy

Greed, not greater good, drives congressmen to constitutional revising......»»

Category: newsSource:  philstarRelated NewsOct 14th, 2018

Charter change plebiscite may be held in February 2019 – Rep. Veloso

A plebiscite aimed at seeking public support for the proposed shift to a federal form of government may be held as early as February 2019, according to Leyte Rep. VicenteVeloso, one of the primary movers of charter change (Cha-cha) in the House of Representatives. Veloso, chair of the House committee on constitutional amendments, insisted in a radio interview on Sunday that the 292-member legislative body could still wrap up the plenary deliberations on the attempt to modify the 1987 Constitution in December. This despite the unified position of majority of senators that the latest effort to alter the 31-year-old Constitution would be not stand a chance in the Senate. "If we...Keep on reading: Charter change plebiscite may be held in February 2019 – Rep. Veloso.....»»

Category: newsSource:  inquirerRelated NewsOct 14th, 2018

Duterte, econ managers do not want to return coco levy fund to coconut farmers

Kilusang Magbubukid ng Pilipinas (KMP) and claimants group Coco Levy Fund Ibalik sa Amin (CLAIM) said it will hold accountable President Rodrigo Duterte and the economic managers if the coco levy fund is not returned to real beneficiaries of the fund -- small coconut farmers and their families and heirs......»»

Category: newsSource:  nordisRelated NewsOct 14th, 2018

Carpio seeking CJ post

  Senior Associate Justice Antonio Carpio has accepted his automatic nomination to the post of Chief Justice vacated by Teresita Leonardo-De Castro who retired last week.   The Supreme Court public information office, quoting Carpio's head of staff, lawyer Teresa Sibulo, said Carpio had already sent his acceptance letter to the Judicial and Bar Council (JBC).   The JBC is the constitutional body tasked to screen and vet nominees for top positions in the judiciary and the Office of the Ombudsman. The council must come up with at least three nominees, from which the President will make his pick.   But another senior member of the high court, Ass...Keep on reading: Carpio seeking CJ post.....»»

Category: newsSource:  inquirerRelated NewsOct 13th, 2018

Phoenix, SMB in key faceoff

  Phoenix Petroleum coach Louie Alas knows that San Miguel Beer is the most dangerous team in the PBA Governors' Cup at the moment.   Not only because the Beermen have a loaded local roster despite the continued absence of reigning four-time MVP June Mar Fajardo, and a talented import in Kevin Murphy.   But it is because of something else.   "They're coming off three straight losses, and that makes me worried," Alas said as his rampaging Fuel Masters tackle the Beermen Friday night at Mall of Asia Arena in Pasay where a twice-to-beat advantage could await Phoenix with a win after the 7 p.m. contest.   "Losing four games in a row hasn't ...Keep on reading: Phoenix, SMB in key faceoff.....»»

Category: newsSource:  inquirerRelated NewsOct 12th, 2018

Phoenix braces for duel with San Miguel

Phoenix Petroleum braces for what could be its biggest test in the homestretch of the PBA Governors Cup elimination round today as it faces a San Miguel Beer side aching to snap out of the rut......»»

Category: sportsSource:  philstarRelated NewsOct 11th, 2018