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| SPEECHES OF SEC. GARY B. TEVES |
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STATEMENT OF FINANCE SEC. GARY TEVES |
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Press Conference on NG April Fiscal Performance
18 May 2009
We would like to report that the national government posted a budget surplus of P7.9 billion in April against the P25.8 billion surplus registered during the same month last year due largely to a slight decline in revenues and slower-than-expected growth in expenditures.
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STATEMENT OF FINANCE SEC. GARY TEVES |
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DOF suspends clarificatory guidelines on book imports
May 25, 2009
AFTER evaluating the comments submitted by the National Book Development Board (NBDB), UNESCO Philippines, and the Department of Foreign Affairs (DFA), Finance Secretary Gary Teves signed last Friday (May 22, 2009) the order suspending Department Order No. 17-09 (DO 17-09) effective immediately. DO 17-09 clarified the guidelines on the duty-free importation of books.
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| DEPARTMENT ORDERS AND ISSUANCES |
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| DOF RELATED REPUBLIC ACTS, RULES AND REGULATIONS |
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|  | RA95101 CREDIT INFORMATION SYSTEM
May 4, 2009 | | RA95051 PERSONAL EQUITY AND RETIREMENT ACCOUNT (PERA)
May 4, 2009 | | RA9510 - THE CREDIT INFORMATION SYSTEMS ACT
November 11, 2008 | | IMPLEMENTING PERTINENT PROVISIONS OF REPUBLIC ACT NO. 9504, "AN ACT AMENDING SECTIONS 22, 24, 34, 35, 51, AND 79 OF REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE" RELATIVE TO THE WITHHOLDING OF INCOME TAX ON COMPENSATION AND OTHER CONCERNS
October 3, 2008 | | IMPLEMENTING RULES AND REGULATIONS OF REPUBLIC ACT NO. 9399
September 13, 2007 |
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| IN THE NEWS |  | T-BILL RATES: JUNE 29, 2009
6/29/2009
FPPO-JEP
BTr
The government borrowed less than what it had planned at today’s auction as it rejected the high bids it deemed unacceptable resulting to partial awards for 182-day and one-year debts. This move by the government signaled its unwillingness to give in to the upward pressure in the borrowing costs des
[read more] |
| | 10-YEAR T-BOND AUCTION RESULTS: JUNE 23, 2009
6/23/2009
FPPO-JEP
BTr
The rate of the reissued 10-year Treasury bond moved up slightly today on caution and risk aversion ahead of the release of the May budget deficit data. Concerns on the ballooning budget deficit and the bleak outlook on the domestic economy continued to haunt market players today pushing them to dem
[read more] |
| | T-BILL RATES: JUNE 15, 2009
6/15/2009
FPPO-JEP
BTr
Market players once more sat on the fence, as they tried once again to bid up Treasury bill rates, mirroring the rate increases in the secondary market across all tenors. This was in reaction to last week’s release of government’s revised macroeconomic assumptions on the back of the lingering uncert
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