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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Central banks must adopt for AI era— BSP chief

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Central banks around the world must prepare to seize both the opportunities and navigate the challenges brought by artificial intelligence while upholding their key missions of keeping prices steady and financial systems secure.

STI Holdings’ assets climb 10% to P18.7B

Corporate 0
STI Education Systems Holdings Inc. (STI Holdings) grew its consolidated assets by 10 percent to P18.69 billion in the financial year ended June 2026, as strong tertiary enrollment and continued investments in campus infrastructure and education technology supported its financial performance.

Monde Nissin trims capex, targets premium noodle market growth

Corporate 0
Monde Nissin Corp. has reduced its 2026 capital expenditure budget to P5.4 billion from about P6.5 billion, prioritizing a new biscuit manufacturing plant in Northern Luzon as it navigates softer noodle volumes and intensifying competition from premium imports.

ERC issues show cause orders against power firms over excessive unplanned outages

Energy & Mining 0
The Energy Regulatory Commission (ERC) has stepped up its drive to keep electricity supply steady, issuing 24 show cause orders to 13 power generation companies whose facilities repeatedly went offline beyond allowed limits. Released on October 14, 2026, these orders require the firms to submit verified explanations on why their units exceeded the allowable equivalent unplanned outage limits set under existing reliability rules.

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