Tag: Senate
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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.
Senate returns impeachment case to House but summons sent to VP Duterte
In a pivotal move, the Senate—sitting as an impeachment court—voted 18-5 on Tuesday night to return the Articles of Impeachment against Vice President Sara Duterte to the House of Representatives.
A Promise the Nation Can’t Comprehend
For years, the Philippines has looked ahead with optimism, banking on its so-called “demographic sweet spot.” With around two-thirds of the population between the ages of 15 and 65, the country seemed poised for rapid economic growth—a young, able-bodied workforce ready to fuel productivity and progress.
