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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Germany joins tech alliance, boosting Philippine AI ambitions 

Communications & Technology 0
Germany's decision to join the Pax Silica Initiative strengthens the Philippines' push to become a strategic hub for semiconductors, artificial intelligence, and advanced manufacturing, adding one of Europe's industrial powerhouses to a growing coalition reshaping global technology supply chains.

Didipio expansion fuels mining, investor confidence, regional growth

Energy & Mining 0
A planned USD1.9-billion investment by OceanaGold to extend the life of the Didipio Gold-Copper Mine through 2037 is shaping up as more than a mining expansion—it is emerging as an early test of whether the Philippines' recent fiscal reforms can unlock a new wave of responsible resource investments.

Globe chief: AI future rests on people, trust, purpose – not just tech 

Communications & Technology 0
At MWC Shanghai 2026, Globe president and CEO Carl Cruz stated during a keynote that AI’s true value lies in improving lives, not the technology itself. Speaking alongside global telecom leaders, Cruz noted the Philippines’ strong digital footprint makes it well-placed to benefit from AI.

Customs beats June goal, stays on track for P1T goal

Economy 0
The Bureau of Customs (BOC) sustained its strong revenue momentum in June, collecting P86.07 billion and surpassing its monthly target by P2.83 billion as stronger trade flows and tighter customs enforcement continued to lift collections.

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