Recto warns against trimming VAT rate
Finance Secretary Ralph Recto on Tuesday cautioned senators against approving a proposal to cut the value-added tax (VAT) rate from 12 percent to 10 percent, warning that such a move could significantly increase government debt and risk a credit rating downgrade.
UAE delegation visits BSP under knowledge exchange program
A high-level delegation from the United Arab Emirates (UAE) visited the Bangko Sentral ng Pilipinas (BSP) as part of the "Philippine Government Experience Exchange Retreat" held recently.
Marcos leads launch, inspection of infrastructure in Ilocos
President Ferdinand R. Marcos Jr., along with Department of Public Works and Highways (DPWH) Secretary Vince Dizon, visited Cagayan on Tuesday to inaugurate and inspect major infrastructure projects aimed at improving traffic mobility, flood control, and irrigation in the region.
DOTr fast-tracks infrastructure to catch EU business
Acting Transportation Secretary Giovanni Lopez announced Tuesday that the Philippines is accelerating major transportation infrastructure projects to position the country as an investment hub in Asia.
SEC flags new investment scams
The Securities and Exchange Commission (SEC) has issued multiple advisories warning the public against unauthorized investment schemes involving De Guzman Consumer Goods Trading, an individual named Christabel Arroyo, and scammers misrepresenting themselves as affiliated with COL Financial Group Inc. and Alpha Securities Corp.
