Agustin, Eunice G.

BSA-IA

NEWS UPDATES
DECEMBER 17, 2018

(1) LTFRB opens 20,000 transport network vehicle service slots

MANILA - The Land Transportation Franchising and Regulatory Board (LTFRB) opened
another 20,000 slots for accreditation of transport network vehicle service (TNVS), the
Department of Transportation (DOTr) said Monday.
Online application for new Certificate of Public Convenience (CPC) for TNVS will start
on Dec. 17, 2018, the DOTr said in a social media advisory.
Appointment or acceptance of applications will start on Jan. 3, the DOTr said.
Grab earlier urged the LTFRB to raise the cap for ride-hailing vehicles, saying that the
"overflow in demand" resulted in long waiting time for passengers.
Grab urges LTFRB to raise cap on ride-sharing vehicles
-- with a report from Jacque Manabat, ABS-CBN News

(2) Cash remittances up 8.7 pct in October: BSP

MANILA - Cash remittances from overseas Filipinos hit $2.5 billion in October, up 8.7
percent compared to the same month last year, the Bangko Sentral ng Pilipinas said
Monday.
This brought total cash remittances for the first ten months of 2018, to $23.8 billion, or
3.1 percent higher than the same period in 2017.
The BSP said the top countries that contributed to the increase were the United States,
Canada, and Taiwan.
"By country source, 79 percent of the total cash remittances for the first ten months of
2018 came from the US, Saudi Arabia, United Arab Emirates, Singapore, Japan, United
Kingdom, Qatar, Canada, Germany, and Hong Kong," the BSP said.
Personal remittances for the Jan-Oct period meanwhile reached $26.5 billion, or a 2.9
percent year-on-year growth.
The Philippines is one of the world's largest recipients of remittances, with millions of
Filipinos working overseas sending home money that helps power domestic consumption,
a key driver of economic growth.
Remittances together with business process outsourcing (BPO) and tourism receipts serve
as a major source of foreign exchange for the Philippines.
--ABS-CBN NEWS

(3) Langis, may bawas-presyo simula Martes

Nag-anunsiyo ngayong Lunes ang ilan pang kompanya ng langis ng pagtapyas sa presyo
ng kanilang mga produkto, na magiging epektibo sa Martes, Disyembre 18.
Ayon sa Caltex, Petron, at PTT Philippines, magpapatupad sila ng P0.10 bawas sa kada
litro ng gasolina, at P0.25 bawas sa kada litro ng diesel.
Magpapatupad din ang Caltex at Petron ng 0.25 bawas sa kada litro ng kerosene.
Magiging epektibo ang bagong presyuhan ng Caltex simula hatinggabi ng Martes, habang
alas-6 ng umaga naman ang PTT Philippines at Petron.
Ayon sa Eastern Petroleum, P0.35 ang kanilang ibabawas sa kada litro ng diesel, at P0.15
sa kada litro ng gasolina simula hatinggabi ng Martes.
Magpapatupad naman ang Jetti Pump at Petro Gazz ng P0.30 tapyas sa kada litro ng
diesel, at P0.15 tapyas sa kada litro ng gasolina simula alas-6 ng umaga ng Martes.
Nag-anunsiyo rin noong Linggo ang Shell na magpapatupad ng P0.10 bawas-presyo sa
gasolina, at P0.25 bawas-presyo sa diesel at kerosene simula alas-6 ng umaga sa Martes.
Nauna nang nagtapyas-presyo ang Phoenix Petroleum at SEAOIL noong Sabado.
Sa kabuuan, mas marami pa rin ang naging taas-presyo ng petrolyo kumpara sa bawas-
presyo nitong taon.
Nasa P21.57 ang kabuuang dagdag sa gasolina mula Enero habang P22.30 naman sa
diesel.
Mula Enero, nasa P18.80 ang naging kabuuang bawas sa gasolina habang P17.95 naman
sa diesel.
Inaasahang magtutuloy ang serye ng bawas-presyo sa langis hanggang sa dulo ng 2018,
sabi ni Energy Undersecretary Felix William Fuentebella.
-- Ulat ni Alvin Elchico, ABS-CBN News