Four of the country’s most influential business groups have thrown their collective support behind a proposed measure that would exempt electricity sales from the value-added tax (VAT), framing it as a decisive step toward reducing one of the Philippines’ most persistent economic burdens: high power costs.
Wall Street roared higher Wednesday after the Federal Reserve cut interest rates by a quarter-percentage point and Chairman Jerome Powell all but shut the door on any future hikes.
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday after noting cooler labor-market momentum and persistent uncertainty surrounding the economic outlook.
Wall Street roared higher Wednesday after the Federal Reserve cut interest rates by a quarter-percentage point and Chairman Jerome Powell all but shut the door on any future hikes.
The Federal Reserve cut interest rates by a quarter percentage point on Wednesday after noting cooler labor-market momentum and persistent uncertainty surrounding the economic outlook.
The Department of Agriculture (DA) has increased the maximum suggested retail price (MSRP) of red onions to P150 per kilo from P120, effective December 11, citing higher import costs and a weaker peso.