Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
The Private Sector Advisory Council lauded the signing into law of the VAT refund for non-resident tourists, noting that it will help in the country's economic growth.''This legislation embodies the productive collaboration between the private sector and the government,” Sabin Aboitiz, PSAC Lead Convenor and Aboitiz Group President and CEO, said in a statement issued Thursday.“We commend Congress for swiftly enacting one of PSAC ’s ‘Quick Wins’ recommendations for President Marcos.
For his part, Bobby Claudio, PSAC Tourism Sector Member and Vice Chairman for International Relations at the Philippine Retailers Association, underscored the law's potential to uplift local industries, saying that this will make Filipino artisans' skills flourish.“This initiative not only aligns with global best practices but also highlights the unique creativity and entrepreneurial spirit of Filipino artisans.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine FDA Limits VAT Exemptions for MedicinesThe Food and Drug Administration (FDA) of the Philippines has clarified that the value-added tax (VAT) exemption can only be applied to specific groups of drug products, not all drugs. This applies to prescription medicines and certain drugs for specific conditions like diabetes, high cholesterol, mental illness, tuberculosis, and kidney illness, as per the Republic Act (RA) No.
Read more »
Philippine President Expresses Concern Over Russian Submarine in West Philippine SeaPresident Ferdinand Marcos Jr. has expressed worry over the detection of a Russian attack submarine in the West Philippine Sea (WPS). The submarine, UFA 490, was sighted 80 nautical miles west of Cape Calavite, with the Philippine Navy deploying assets to monitor and address the situation.
Read more »
Sandiganbayan junks appeal to reinstate Jinggoy Estrada’s convictionLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Marcos leads gift giving in residential caring institutionsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Marcos on Russian submarine spotted in WPS: Very worrisomeLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
NBA: Grizzlies rebound from awful first quarter, beat Pacers by 15Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »