The Bureau of Internal Revenue (BIR) posted a 15 percent revenue collection increase to P157.3 billion in November from its year-ago performance.
Read MoreThe country’s economic managers have recommended to President Duterte that the congressional proposal for a two-step, across-the-board increase of P2,000 in the Social Security System (SSS) monthly pension be made contingent on a corresponding adjustment in the contributions of employers, employees, self-employed individuals and volunteer members to save this pension fund from bankruptcy.
Read MoreOne of Japan’s largest commercial banks has expressed interest in expanding its footprint in the Philippines, particularly in the field of infrastructure where the Duterte administration has pledged to accelerate spending to create jobs and reduce poverty.
Read MoreFinance Secretary Carlos Dominguez III reiterated today the government’s strong commitment to the rule of law in realizing the Duterte administration’s goal of attacking poverty and promoting a law-abiding society among Filipinos.
Read MoreFinance Secretary Carlos Dominguez III today voiced optimism that the country’s rock solid macroeconomic fundamentals along with the Duterte administration’s infrastructure buildup strategy will create enough fiscal and monetary buffers for the Philippines to ride out external shocks such as this latest move by the US Federal Reserve Board to raise interest rates.
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