MANILA, Philippines — The retail industry is expecting to see a revenue boost following the signing of rules to implement the value-added tax (VAT) refund for foreign tourists. “This will ...

“The suspension of VAT refunds will place significant stress ... Ferrexpo, which posted a surprise annual loss on Wednesday, said this suspension could lead to further reduction in its ...

Ferrexpo predicts that due to the suspension of VAT refunds, the company will be forced to drastically reduce the scale of its business to only 25% of its full production capacity. Earlier, it was ...