"We will reform the tax system to make it more equitable, efficient and competitive in the region. A number of reforms will be pursued, primarily the lowering of personal and corporate income tax rates from 32 percent and 30 percent, respectively, to 25 percent," he said. The loss in rev...
In 2022, the United States tightened its monetary policy by rising Treasury bill rates to absorb more US dollars in the market and reduce inflation. The Federal Reserve of the United States (Fed) hiked interest rates by half a percentage point on 4 May, following its first hike in over thr...
tax Hong Kong VAT ASEAN Philippines CREATE Act time: 2024-03-29 09:17:38 views: 11373 Forbes ranked PNB 2nd in thePhilippinelist of World’s Best Banks in 2023 PhilippineNational Bank (PSE: PNB) ranked second in thePhilippines in Forbes’ list of World’s Best ...
"The tax reform bill seeks to achieve a simpler, fairer, and more efficient tax system characterized by lower rates and a broader base, to encourage investment, job creation and poverty reduction," Dominguez said. Presidential spokesperson Harry Roque said TRAIN, together with the complementary meas...
Life insurance drives global premium growth as interest rates remain higher for longer. Insurance premium growth in 2025 and 2026 is primarily driven by life insurance, which is forecast to grow globally by 3% per year. Swiss Re’s three business unit CEOs shared their views on the key themes...
Philippine Airlines has long been the sole carrier operating non-stop routes between the Philippines and the United States. With the largest population of overseas Filipinos, the United States is a highly lucrative and profitable market for Philippine Airlines, which has been uncontested on its Los ...
Nevertheless, the bank said strong private consumption -- due to lower inflation, higher employment rates, robust remittances, and rising wages -- and a recovery in public investment spending will keep the economy buoyant. Also, the bank said the services sector will drive growth fueled by the ...
While the passage of the Tax Reform for Acceleration and Inclusion Act, or TRAIN, is expected to finance the government's infrastructure program, Pernia said inflationary pressures, as well as the possible rise of domestic interest rates, should be closely watched as this could dampen business and...
Still, their intention can also be encouraged by factors that make adoption more affordable, such as subsidies, tax breaks, or decreased operating costs. Thus, the following was hypothesized: H11. Affordability (AF) positively and significantly impacts the behavioral intention (BI) to use e-...