BEIJING—The Philippines and China signed here on Thursday (Oct. 20) two key agreements that would allow the Duterte administration to tap Beijing’s financing facilities and technical expertise to help fund…
The Duterte administration’s revenue collection has outstripped expenditures last August owing to prudent spending and strong tax payments, the Department of Finance (DOF) announced today. Based on the Bureau of…
Iran is keen on fostering better economic relations with the Philippines and, for starters, plans to import more bananas and explore areas of investment and cooperation in infrastructure and energy.…
Entry-level workers above the minimum wage would effectively enjoy significant increases in their take-home pay because they will only pay lower taxes under the proposed tax reform package that the…
Finance Secretary Carlos Dominguez III has ordered the forfeiture of the retirement benefits of the municipal treasurer of Katipunan, Zamboanga del Norte after the Office of the Ombudsman found the…
The proposed P3.35 trillion national budget for 2017 of the Duterte administration will increase the number of indigent senior citizens receiving social pensions of P500 each to 2.8 million following…
Finance Secretary Carlos Dominguez III has lauded the Vulnerable Twenty (V20) Ministerial Dialogue for having spotlighted the plight of all countries most vulnerable to climate change, but said a lot…
An International Monetary Fund (IMF) team has given its nod to the comprehensive tax reform plan of the Department of Finance (DOF) for being “net revenue positive with due attention…
Finance Secretary Carlos Dominguez III has assured foreign credit rating institutions that President Duterte remains “fully engaged” in implementing his 10-point socioeconomic agenda focused on inclusive growth, while vigorously carrying…
World Bank estimates show that leakages from the value-added tax (VAT) exemptions for seniors could reach close to P10 billion this year, which is why the Department of Finance (DOF)…
