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Ex-justice: VP may be removed for hiding assets
Business The Philippine Star Sep 14, 4:32 PM

Ex-justice: VP may be removed for hiding assets

MANILA, Philippines — Impeachable officials like Vice President Sara Duterte may be removed from office for “intentional concealment” of assets including those owned by their spouses, according to retired Sandiganbayan presiding justice Amparo Cabotaje-Tang.

Via philstar.com Read Dispatch ↗
Peso on brink of record-low 63:$1 level
Geopolitics The Philippine Star Sep 14, 4:32 PM

Peso on brink of record-low 63:$1 level

MANILA, Philippines — The peso sank to a fresh record low against the dollar yesterday as expectations of an interest rate hike in the United States fueled demand for the greenback, bringing the local currency closer to the 63-per-dollar level.

Via philstar.com Read Dispatch ↗
BIR scraps VAT on system loss charge
Politics The Philippine Star Sep 14, 4:32 PM

BIR scraps VAT on system loss charge

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has formally removed the value-added tax (VAT) on the allowable system loss charge in electricity bills, a move seen to lower the amount passed on to consumers.

Via philstar.com Read Dispatch ↗
BSP: Sustained $100 oil to drive up 2027 inflation
Economy The Philippine Star Sep 14, 4:32 PM

BSP: Sustained $100 oil to drive up 2027 inflation

MANILA, Philippines — Inflation could reach 6.6 percent next year if Dubai crude oil prices stay at $100 per barrel, with further increases in energy costs threatening to prolong price pressures even as economic growth weakens, according to the Bangko Sentral ng Pilipinas (BSP).

Via philstar.com Read Dispatch ↗
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