Tag: Senate
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Political strains put rule of law in spotlight—FPI
Business groups are raising fresh concerns over investor confidence as escalating Senate tensions and the impeachment proceedings against the Vice President place the country’s...
Excise tax, VAT suspension risks fiscal hole, Senate told
The Philippine government could forgo as much as P272.83 billion in revenues in 2026 if excise taxes and value-added tax (VAT) on fuel imports are suspended, according to estimates presented by the Bureau of Customs (BOC) during a Senate hearing on March 11.
DTI Seeks Logistics Cost Breaks To Stabilize Prices
The Philippine government is exploring short-term logistics relief measures to prevent a surge in the prices of basic goods as global fuel costs ripple through supply chains.
IT-BPM flags competitive risks at Senate hearing
The Philippines’ information technology and business process outsourcing sector sounded the alarm at the Senate this week, warning that rising cybersecurity threats, mounting tax compliance pressures, and a widening digital skills gap are beginning to strain one of the country’s most dependable growth engines.
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.
