Tag: Senate

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Excise tax, VAT suspension risks fiscal hole, Senate told

Economy Context.ph Context.ph -
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 

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. 
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Alas Pilipinas girls lose to Japan, build future

Sports & Entertainment 0
Alas Pilipinas’ girls fought Japan to the edge before running into the hard wall of international experience, falling in straight sets at the FIVB U17 World Championship in Chile and missing a chance to climb into the tournament’s 9th-to-12th-place bracket.

18th Regional Travel Fair showcases BARMM tourism in Cotabato City

Travel & Tourism 0
The Tourism Promotions Board (TPB) Philippines, the marketing and promotions arm of the Department of Tourism (DOT), is bringing the 18th Regional Travel Fair (RTF) to Cotabato City for theee days at the Alnor Hotel and Convention Center. The second edition of the annual event, lasting until thia Sunday, places the spotlight on the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as the region enters a more intentional phase of growth, linking destination promotion directly to improved market access for local businesses and communities.

ING signals financial strength with $1.75 billion debt redemption strategy

Banking & Insurance 0
Global financial institution ING has formally announced plans to redeem two series of outstanding SEC-registered debt instruments totaling $1.75 billion on their designated contractual call date of September 11, 2026.

Major regional event expo to gather industry leaders in Metro Manila this October 

Economy 0
The Event Experience Expo (E3) 2026 is set to return on October 28 and 29 at the World Trade Center Metro Manila, bringing together top local and international event solution providers in a bid to drive innovation and efficiency across the sector.

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