Tag: Senate

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DTI Seeks Logistics Cost Breaks To Stabilize Prices 

Transport & Logistics Context.ph Context.ph -
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

Communications & Technology Context.ph Context.ph -
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

Context Dispatch Context.ph Context.ph -
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

Context Dispatch Context.ph Context.ph -
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

Opinion Context.ph Context.ph -
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.

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SEC adopts updated financial reporting standards

Corporate 0
The Securities and Exchange Commission has formally adopted the latest set of financial reporting pronouncements to ensure the country’s reporting framework keeps pace with changing global accounting standards and growing demands for sustainability-related disclosures.

SEC pushes sukuk as new funding option, unveils rules to grow Islamic finance

Top News 0
The Securities and Exchange Commission is set to raise awareness of sukuk as an alternative way for businesses and projects to raise funds, as it works to develop the country’s Islamic finance sector and encourage more Shari’ah-compliant investment products.

SB19 turns global fame into Philippine tourism draw

Sports & Entertainment 0
There was a time when travel brochures did the heavy lifting. Today, a viral music video, a sold-out concert and an army of devoted fans can inspire plane tickets faster than any postcard ever could.

IGNITE Power-SOCOTECO II conditional JV gets strong backing from coop members

Energy & Mining 0
Over 32,000 member-consumer-owners (MCOs) of South Cotabato II Electric Cooperative (SOCOTECO II) overwhelmingly endorsed the cooperative's proposed conditional joint venture agreement (CJVA) with power firm IGNITE Power, moving the utility a step closer to a partnership aimed at modernizing its aging distribution system.

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