'We have a very big reserve in the West Philippine Sea ...Let us not let go of it. We should protect our territory,' says San Miguel Corporation president and CEO Ramon Ang
In an economic forum on Monday, May 27, government economic managers discussed the ways to bring inflation within target range, including managing interest rates and addressing supply chain bottlenecks. “As you know, we, San Miguel and Petron is in Malaysia. In Malaysia, the prices of gasoline is P20 per liter. In the Philippines, it’s 60. Malaysia subsidized one-third . The other one-third is taxes. Philippine government imposes taxes. Our neighboring countries don’t impose taxes,” Ang said.
“Our power generation compared to our neighboring countries are lower. But we impose taxes on the power sector, on fuel. And we also don’t . We don’t give subsidies on power. That’s why our power prices are higher,” Ang said.
Energy Industry Philippine Economy West Philippine Sea Business Economy &Amp Governance
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
[EDITORIAL] Ang ‘enemy from within’ sa West Philippine SeaNagdurugo ang puso nating isipin na may anay sa hanay
Source: rapplerdotcom - 🏆 4. / 86 Read more »
3 patay, 17 sugatan sa karambola ng mga sasakyan sa Fairview, QCTatlo ang patay habang 17 ang sugatan matapos magkarambola ang mga sasakyan sa Fairview, Quezon City.
Source: gmanews - 🏆 11. / 68 Read more »
Binatilyo sa Brazil, inubos ang sariling pamilya matapos itago ang kaniyang cellphoneBinaril at pinatay ng isang 16-anyos na lalaki ang kaniyang ama't ina na umampon sa kaniya, pati ang isa niyang kapatid na babae, sa loob ng kanilang bahay sa Sao Paulo, Brazil. Ang suspek, nagalit umano nang itago ang kaniyang cellphone.
Source: gmanews - 🏆 11. / 68 Read more »
Albularyo sa South Cotabato, kaya raw malaman ang sakit ng tao gamit ang itlogSa halip na makina, itlog ang ginagamit ng isang albularyo na parang pang-'X-ray' o pang'-scan' sa kaniyang mga pasyente para malaman umano ang mga sakit nito sa Banga, South Cotabato. Ang ilan sa kaniyang pasyente, gumaling umano. Ngunit may ipinaliwanag ang isang psychologist tungkol sa tinatawag na 'placebo effect.' Alamin kung ano ito.
Source: gmanews - 🏆 11. / 68 Read more »
Tubig-kanal, ginagawa na ring beer sa GermanyIsang kompanya sa Germany ang ginawa na ring beer ang tubig-kanal.
Source: gmanews - 🏆 11. / 68 Read more »
Chelsea Manalo ng Bulacan, nagwaging Miss Universe Philippines 2024!Ang pambato ng Bulacan na si Chelsea Manalo ang itinanghal na Miss Universe Philippines 2024!
Source: gmanews - 🏆 11. / 68 Read more »