Tag: VAT

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Recto warns against trimming VAT rate

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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.

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CALAX segment opens toll-free, shortens Cavite travel

Transport & Logistics 0
Motorists can drive a newly opened stretch of the Cavite-Laguna Expressway (CALAX) free of charge for one month starting May 5, as the government rolls out immediate relief from congestion and rising travel costs.

Singapore infrastructure cyber incident highlights third-party security gaps

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A recent cybersecurity incident involving Shanghai Tunnel Engineering Company Singapore (STECS) has raised concerns about risks linked to third-party contractors in critical infrastructure projects.

Manila Water named among Top 10 firms in ATRAM sustainability fund

Corporate Bulletins 0
Manila Water has been included in the Top 10 companies of the ATRAM Philippine Sustainable Development and Growth Fund after a review of firms based on sustainability performance.

SUVs, house-and-lot properties top loan choices of Filipinos — Metrobank

Banking & Insurance 0
Filipino borrowers continue to prioritize practical, family-focused purchases, with sports utility vehicles (SUVs) and house-and-lot properties leading loan preferences, according to Metrobank.

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