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                    [Title] => S&P, Fitch to next admin: Exercise fiscal restraint
                    [Summary] => 
Credit rating agencies Standard and Poor’s (S&P) and Fitch Ratings want the next administration to be fully committed to plugging the government’s budget deficit and putting the country back to the direction of fiscal consolidation.
                    [DatePublished] => 2010-04-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 563398
                    [Title] => Teves urges next administration to raise VAT to 15 percent
                    [Summary] => 
Finance Secretary Margarito Teves advised recently the next administration to help fix the country’s fragile fiscal position by raising the value added tax (VAT) to 15 percent from the current rate of 12 percent.
                    [DatePublished] => 2010-04-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
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                    [ArticleID] => 549307
                    [Title] => BOC's VAT collection down 14.3% in 2009
                    [Summary] => 
The promises of the government’s much trumpeted value-added tax (VAT) have vanished in thin air as seen in the dwindling collections by the Bureau of Customs (BOC) last year from this type of tax.
                    [DatePublished] => 2010-02-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 539332
                    [Title] => RVAT revenues seen to recover in 2010
                    [Summary] => 
The government expects revenues from the reformed value added tax (RVAT) to recover slightly in 2011 from an expected slump this year as imports are expected to fully recovery by then.
                    [DatePublished] => 2010-01-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 538245
                    [Title] => RVAT revenues reach P61.2 billion as of end-September
                    [Summary] => 
Revenues from the reformed value added tax (RVAT) amounted to P61.18 billion as of end-September 2009, still far from the full-year goal of P75.98 billion, latest data from the Department of Finance (DOF) showed.
                    [DatePublished] => 2010-01-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
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                    [Title] => P19.9-billion collection shortfall seen due to 'negative revenue measures'
                    [Summary] => 
The government won’t be able to earn a single centavo from the reformed value added tax (RVAT) this year and in 2010 if pending legislative measures that threaten to erode revenues are approved by Congress, according to the latest estimates from the Department of Finance (DOF).
                    [DatePublished] => 2009-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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DAVAO AND SAMAL

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                    [ArticleID] => 570593
                    [Title] => S&P, Fitch to next admin: Exercise fiscal restraint
                    [Summary] => 
Credit rating agencies Standard and Poor’s (S&P) and Fitch Ratings want the next administration to be fully committed to plugging the government’s budget deficit and putting the country back to the direction of fiscal consolidation.
                    [DatePublished] => 2010-04-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
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                    [ArticleID] => 563398
                    [Title] => Teves urges next administration to raise VAT to 15 percent
                    [Summary] => 
Finance Secretary Margarito Teves advised recently the next administration to help fix the country’s fragile fiscal position by raising the value added tax (VAT) to 15 percent from the current rate of 12 percent.
                    [DatePublished] => 2010-04-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Headlines
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                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 549307
                    [Title] => BOC's VAT collection down 14.3% in 2009
                    [Summary] => 
The promises of the government’s much trumpeted value-added tax (VAT) have vanished in thin air as seen in the dwindling collections by the Bureau of Customs (BOC) last year from this type of tax.
                    [DatePublished] => 2010-02-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 539332
                    [Title] => RVAT revenues seen to recover in 2010
                    [Summary] => 
The government expects revenues from the reformed value added tax (RVAT) to recover slightly in 2011 from an expected slump this year as imports are expected to fully recovery by then.
                    [DatePublished] => 2010-01-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 538245
                    [Title] => RVAT revenues reach P61.2 billion as of end-September
                    [Summary] => 
Revenues from the reformed value added tax (RVAT) amounted to P61.18 billion as of end-September 2009, still far from the full-year goal of P75.98 billion, latest data from the Department of Finance (DOF) showed.
                    [DatePublished] => 2010-01-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 527906
                    [Title] => P19.9-billion collection shortfall seen due to 'negative revenue measures'
                    [Summary] => 
The government won’t be able to earn a single centavo from the reformed value added tax (RVAT) this year and in 2010 if pending legislative measures that threaten to erode revenues are approved by Congress, according to the latest estimates from the Department of Finance (DOF).
                    [DatePublished] => 2009-12-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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)

abtest

S&P, Fitch to next admin: Exercise fiscal restraint

By Iris Gonzales | April 30, 2010 - 12:00am

Credit rating agencies Standard and Poor’s (S&P) and Fitch Ratings want the next administration to be fully committed to plugging the government’s budget deficit and putting the country back to the...

Business

Teves urges next administration to raise VAT to 15 percent

By Iris Gonzales | April 5, 2010 - 12:00am

Finance Secretary Margarito Teves advised recently the next administration to help fix the country’s fragile fiscal position by raising the value added tax (VAT) to 15 percent from the current rate of 12 ...

Headlines

BOC's VAT collection down 14.3% in 2009

By Iris Gonzales | February 15, 2010 - 12:00am

The promises of the government’s much trumpeted value-added tax (VAT) have vanished in thin air as seen in the dwindling collections by the Bureau of Customs (BOC) last year from this type of tax.

Business

RVAT revenues seen to recover in 2010

By Iris Gonzales | January 11, 2010 - 12:00am

The government expects revenues from the reformed value added tax (RVAT) to recover slightly in 2011 from an expected slump this year as imports are expected to fully recovery by then.

Business

RVAT revenues reach P61.2 billion as of end-September

By Iris Gonzales | January 7, 2010 - 12:00am

Revenues from the reformed value added tax (RVAT) amounted to P61.18 billion as of end-September 2009, still far from the full-year goal of P75.98 billion, latest data from the Department of Finance (DOF) showe...

Business

P19.9-billion collection shortfall seen due to 'negative revenue measures'

By Iris Gonzales | December 1, 2009 - 12:00am

The government won’t be able to earn a single centavo from the reformed value added tax (RVAT) this year and in 2010 if pending legislative measures that threaten to erode revenues are approved by Congress,...

Business