MANILA, PHILIPPINES (28 July 2015) – Asian Development Bank (ADB) President Takehiko Nakao today met with Philippine Finance Secretary Cesar V. Purisima to discuss ADB’s deepening partnership with and increased funding for the Philippines. ADB stands ready to boost its sovereign lending from the present $1.8 billion over the 3 years 2015 to 2017, to about $3 billion (or 66% higher) between 2016 and 2018 using ADB’s expanded lending capacity.
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23 July 2015– The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice (DOJ) against JIBETRONIC TRADING CORPORATION (JTC), together with its President JIMMY T. TANG, for Willful Attempt to Evade or Defeat the payment of IncomeTax, and Deliberate Failure to File its Income Tax Return (ITR) for taxable year 2014, in violation of Sections 254 and 255, in relation to Sections 253 and 256 of the National Internal Revenue Code of 1997, as amended (Tax Code).
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