“As part of our goal to institutionalize good governance through legislation, I would like to reiterate the Department’s support for House Bill No. 2765, An Act Rationalizing the Grant and Administration of Fiscal Incentives for the Promotion of Investments and Growth, and for Other Purposes, also known as the Fiscal Incentives Rationalization Bill, as filed by Representative Luigi Quisumbing of the 6th district of Cebu.
Read MoreThe National Government posted a deficit of P53.2 billion last July, bringing the year-to-date deficit to P104.5 billion, on track to meet the government program for the first three quarters at P144.4 billion.
Read More9 September 2013 Manila, Philippines – The National Government incurred a P53 billion deficit in July as higher government operating expenses paced higher than expected revenue collections. The July deficit grew 36% year-on-year compared to the P39 billion shortfall for July last year. Despite this, the end-July deficit amounting to P105 billion remained broadly in line with the government program of P144 billion for the first three quarters of the year.
Read MoreThe Philippine Deposit Insurance Corporation (PDIC), Liquidator of the closed Fortune Savings and Loan Association, Inc. (FSLAI), signed on June 14, 2013 a Memorandum of Agreement (MOA) with the Innovation Ville Homeowners Association (IVHA) for the sale of two properties in Sta. Rosa, Laguna.
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