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Unlocking trillions in private sector funds: Panel okays new law on PPP

The House Committee on Public Works on Thursday approved a new Public Private Partnership law, which seeks to unlock “trillions” in corporate and private sector funds for  infrastructure projects in the country. House Committee on Ways and Means Chairman Joey Sarte Salceda, one of the authors of the bill, said…

House OKs on 2nd reading bills on foreign digital services, disposable plastic bags, tax reform

A day after the House of Representatives resumed its session, the chamber approved on second reading three priority tax measures that is expected to generate P47 billion in additional revenues for the government. House of Representatives (File Photo/MANILA BULLETIN) On Tuesday, Nov. 8, lawmake

Failure to control sugar prices to kill industries, cut revenue

AN economist-lawmaker said while most price increases are “beyond our control due to global conditions,” the prices of sugar “are almost completely within our power to lower.” House Committee on Ways and Means Chairman Joey Sarte Salceda made the statement over the weekend in response to the October 2022 inflation…

PESPCAI gripes over 12% VAT imposed on indirect exports

THE Philippine Export Service Providers and Consolidators Association Inc. (PESPCAI) said its outlook for 2023  is "not that optimistic" because of the 12-percent value-added tax (VAT) imposed on indirect exports, among others. "We are not that optimistic for 2023 simply because of the VAT and also the shipping and logistics…

US group assured of ease in doing biz - BusinessMirror

A leader of the House of Representatives has reassured members of the American business community in the Philippines that the country is committed to ease of doing business. House Committee on Ways and Means Chairman Joey Sarte Salceda said the lower chamber would deliver on key measures and interventions that…

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