
Killing the Filipino Saver— and the Rise of Ayuda Politics (THE GUEST COLUMNIST by Harvey Malmis Niere)
The Philippine government, bloated with debt and addicted to political patronage, has now found a new target to bleed dry: the Filipino saver. On July 1, 2025, the Marcos Jr. administration implemented Republic Act No. 12214, deceptively named the Capital Markets Efficiency Promotion Act (CMEPA), imposing a flat 20% withholding tax on all interest income…