Lower airfares seen in October

PTVPhilippines

Lower airfares seen in October;  DBM says PFM reforms roadmap to help gov’t achieve ‘A’ credit rating;  DOE welcomes P1.35-T investments;  BIR bans sale of cigarette, vape, and tobacco products below floor prices  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 8:00 am Bagong Pilipinas Ngayon - 12:00 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:00 pm - 7:00 pm PTV News Tonight -  9:30 pm - 10:30 pm  Saturday & Sunday: ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

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00:00Airline passengers can expect lower airfares next month.

00:04Meanwhile, the Bureau of Internal Revenue, or BIR, is banning the sale of vape products,

00:09cigarettes, and heated tobacco products below their minimum price.

00:13These and more stories in tonight's Business News Wrap by Joms Balagad.

00:20Airfares are expected to slide in October, this following the Civil Aeronautics Board

00:25or CABS announcement of a downgrade in fuel surcharge to Level 4 from the current Level

00:305.

00:31Fuel surcharge for domestic flights will range between P117 to P342, while P385.70 to P2,867.82

00:42for international flights.

00:45Department of Budget and Management, or DBM, Secretary Amena Pangandangan said that the

00:49Public Financial Management Reforms Roadmap 2024-2028 will help the government achieve

00:55an A-level credit rating.

00:57The DBM chief noted that while positive economic indicators such as employment rates, GDP growth,

01:04inflation, foreign direct investments, and foreign exchange are showing promising results,

01:09these metrics alone are not enough to secure an A-credit rating.

01:13The Department of Energy, or DOE, has welcomed the latest Board of Investment report showing

01:18a record P1.35 trillion in approved investments this year, exceeding last year's total of

01:25P1.26 trillion.

01:27The agency is encouraged by the energy sector's key role in driving growth, with P1.29 trillion

01:33or 94 percent of the total investments going to renewable energy.

01:38The Bureau of Internal Revenue, or BIR, reminded sellers not to sell cigarettes, vape, and

01:44other tobacco products below floor prices.

01:46The tax agency said Section 145 of the National Internal Revenue Code bans the sale of tobacco

01:52products at a price lower than the combined excise and value-added taxes imposed under

01:57the law.

01:58BIR Commissioner Romy Lumagi Jr. said the sale of such items below the mandated floor

02:03price is a criminal violation penalized by imprisonment of the seller.

02:07Jumps Balagan from the national TV network for a new and better Philippines.

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