Alongside President Duterte's appointment of Nestor Espenilla as the incoming Bangko Sentral ng Pilipinas (BSP) governor, his selection of Antonio Abacan Jr. and Peter Favila as the new members of,…
The National Power Corporation (NPC) has committed to remit an additional P472 million more in dividend remittances for 2016 and another P2.97 billion in arrears for the 2012-2015 period payable…
President Duterte has retained former socioeconomic planning secretary Felipe Medalla and appointed two new members—Peter Favila and Dr. Antonio Abacan Jr.—to the Monetary Board (MB), the Department of Finance (DOF)…
The Department of Finance (DOF) has assured senators that subcompact sedans such as the Mitsubishi Mirage and compact multipurpose vehicles such as the Toyota Innova models will remain affordable to…
More government executives have come out to support the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) now pending in the Senate, calling it a "win-win proposition" that would…
The share of the Philippines’ general government (GG) debt to gross domestic product (GDP) went down anew to 34.6 percent at end-December from year-ago’s 36.2 percent, an indication the country’s…
Finance Secretary Carlos Dominguez III said the Duterte administration is looking forward to working with the China-initiated Asian Infrastructure Investment Bank (AIIB), which has already made "great strides" in providing…
Standard Chartered Bank has expressed interest in providing financial and technical assistance to the Philippines in implementing the proposed railway system in Mindanao under the Duterte administration’s ambitious “Build, Build,…
Money sent by overseas Filipino workers (OFWs) to the Philippines are not covered by the proposed Comprehensive Tax Reform Program (CTRP) of the Department of Finance (DOF) as the government…
The Philippines stands to benefit from China’s One Belt, One Road (OBOR) Initiative, particularly in the revival of the maritime silk route, as it dovetails with the infrastructure buildup plan…
