
Lawmaker pushes VAT reduction
Currently, the Philippines and Indonesia impose the highest VAT in the region at 12 percent, while Cambodia, Vietnam and Laos impose only 10 percent.
· 2 min read
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Currently, the Philippines and Indonesia impose the highest VAT in the region at 12 percent, while Cambodia, Vietnam and Laos impose only 10 percent.
· 2 min read

The Department of Foreign Affairs (DFA) on Sunday, 4 January, said it is closely monitoring developments in Venezuela following the capture of President…
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The company said the sale of 1.88 million shares, or roughly 5 percent of Sundrop Brands, ‘had been completed following the satisfaction of the relevant…
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MOGADISHU, Somalia (AFP) — People gathered in several towns in the breakaway region of Somaliland on Sunday to celebrate its recognition by Israel — a decision…
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Aboitiz Equity Ventures Inc. (AEV) has inked definitive agreements with BlackRock’s Global Infrastructure Partners covering GIP’s P13.75-billion investment in…
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The government released the implementing rules and regulations (IRR) yesterday to implement the extended property lease for foreigners, which serious investors…
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The BSP recorded a $225-million balance of payment surplus in November 2025, This was $48 million less than the $273 million posted the previous month.…
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The BSP maintained that the current reserve level remains sufficient, providing external liquidity equivalent to 7.4 months’ worth of imports of goods and…
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Maynilad continues to invest in long-term solutions that secure water access for future generations.
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PetroEnergy Resources Corp. said its stake in PetroWind Energy Inc. will eventually rise to 90 percent-60 percent direct, and 30 percent through its 75…
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‘Our goal is to build ecozones of the future — greener, smarter and globally connected.’
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External debt — obligations owed by Philippine residents to non-residents — grew by 6.8 percent year-on-year, reaching $149.09 billion as of end-September…
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‘For the first time since the FIT implementation began, the ERC has been able to set the FIT-All rate before the year it is meant to be applied.’
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Just in time for the celebrations, the Manila Electric Company (Meralco) brings good news to its customers with the announcement of lower power rates for…
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China has appointed Ambassador Jing Quan as its new top diplomat to the Philippines, officially marking the start of his tour of duty after presenting…
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The PEZA board approved 281 new and expansion projects, up 17.6 percent from last year, with projected exports surging 89 percent to $7.39 billion and expected…
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