Economy

Innovation to help boost PH economic competitiveness

MANILA -- Senator Sherwin Gatchalian is calling on the government to develop a culture of innovation to boost the country's economic competitiveness. Gatchalian, chair of the Senate Committee on Economic Affairs, made the...

TRAIN’s 2018 revenue target cut

MANILA -- Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and...

Gov’t recognizes auto industry’s economic contributions

MANILA -- The Philippine government has recognized the automotive vehicle industry's contributions towards accelerating the country’s economic growth in recent years, a Palace official said. During the 7th Philippine International Motor Show in...

Gov’t won’t lose from oil excise tax suspension: consumer group

MANILA – Consumer group Laban Konsyumer Inc. (LKI) said government does not stand to lose should the second installment of the oil excise tax increase be put on hold. In a statement, LKI...

Solon calls for implementation of 10% fare cut under TRAIN law

MANILA – A lawmaker at the House of Representatives on Friday called for the implementation of the additional 10-percent fare discount in public utility vehicles, as provided in the Tax Reform for...

Recommendation to suspend oil tax hike remains: Lambino

MANILA — A ranking official of the Department of Finance (DOF) said the recommendation of economic managers to suspend the second installment of the oil excise tax increase in 2019 remains despite...

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