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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Fuel price adjustments seen mixed this week amid Strait of Hormuz tensions

Energy & Mining 0
Fuel prices will see mixed adjustments again this week, driven by shifting global oil prices tied to tensions in the Middle East, according to a local fuel retailer.

MPTC first-quarter net income down 3% despite higher revenue

Transport & Logistics 0
Metro Pacific Tollways Corp. (MPTC) reported a 3 percent drop in net income for the first quarter of 2026, totaling ₱2.25 billion from ₱2.32 billion a year earlier, due to rising costs and expenses.

Telco rolls out free wifi in quake-hit areas

Communications & Technology 0
PLDT Enterprise rolled out free WiFi in quake-hit areas — General Santos City, Sarangani, Glan, Jose Abad Santos, and parts of Davao Occidental — serving thousands of residents.

Globe accelerates network upgrades in Aklan, Antique under 2026 roadmap

Communications & Technology 0
Globe Telecom is stepping up infrastructure and resiliency upgrades in Aklan and Antique to boost connectivity for residents, businesses, schools, hospitals, and government offices amid the growing digital economy.

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