Sweeping reforms at the Bureaus of Internal Revenue (BIR) and of Customs (BOC) are underway to improve taxpayer satisfaction, arrest official corruption and restore public trust in the government’s main…
The Land Bank of the Philippines (LandBank) and the government of Japan have signed a loan agreement worth almost 5 billion yen to fund a five-year project that aims to…
The Philippines would be hard put in the years ahead to keep Gross Domestic Product (GDP) growth above 6 percent and maintain its status as one of Asia’s fastest-growing economies…
The commitments of investments and development assistance pledges by Japan and China to the Philippines are among the largest amounts announced by the two economic powerhouses for a single country,…
The vision to transform the Philippines into an upper middle-income economy by 2022 and close to becoming a high-income one by 2040 will fall through unless total investments are raised…
The Department of Finance (DOF) wants to assure public transport operators and drivers that the government proposal to adjust the diesel excise tax to P6 per liter will have "minimal…
The Department of Finance (DOF) was at the forefront of the Duterte administration's drive in the second half of 2016 to dramatically cut red tape in the bureaucracy in order…
With global oil prices down and expected by experts to remain low in the few years ahead, the government is losing an estimated P145 billion in potential annual revenues or…
The Duterte administration’s ambitious program to ramp up investments in infrastructure is meant not only to improve connectivity and boost economic productivity in the countryside, but also to develop the…
Nineteen former heads and deputy chiefs of the Department of Finance (DOF) and the National Economic and Development Authority (NEDA) have given their full support to the DOF’s comprehensive tax…
