April 2003

By Norman P. Aquino
(April 29, 2003 Tuesday - Business World)

Finance officials are not about to give up the 10% value-added tax (VAT) on professionals in favor of the 5% gross receipts tax (GRT).

(April 25, 2003)

Dear fellow rural banker:

As part of the RBAP 50th Annual National Convention, we are pleased to announce the staging of the 1st Bankers Invitational Golf Tournament that will be held at the prestigious Camp John Hay Golf Club in Baguio City on May 21, 2003.

By Ted P. Torres
(April 22, 2003, Tuesday, The Philippine Star)

More than the just the threat to the viability of the rural banking system, the full implementation of the 10-percent value-added tax (VAT) system will bear heavily on the survival of the small and medium enterprises (SMEs) and microenterprises.