Finance Secretary Carlos Dominguez III has committed to involve the Land Bank of the Philippines (LandBank) and the Development Bank of the Philippines (DBP) in encouraging Filipino students to undertake entrepreneurial outreach projects for marginalized sectors by making these institutions adopt schools that have programs for student-led community development initiatives.
Read MoreAn obesity and lifestyle medicine specialist has expressed support for the proposed tax on sugar-sweetened beverages (SSBs), saying this will help reverse the incidence of high mortality and low labor productivity that afflict developing economies like the Philippines that are now experiencing the “nutrition transition” of altered food supplies and sedentary lifestyles that ultimately lead to slow economic progress.
Read MoreFinance Secretary Carlos Dominguez III said continuing reforms in the capital market have made this sector more inclusive and averse to insider trading, which has buoyed investor confidence in the stock exchange whose capitalization surged to over P16.4 trillion this year.
Read MoreSecretary Carlos Dominguez III said the Department of Finance (DOF) is now studying the offer of Mighty Corporation to settle its tax liabilities byJuly 20 for P25 billion, covering the deficiency excise taxes and internal revenue taxes of the company and its shareholders.
Read MoreThe Bureaus of Internal Revenue (BIR) and of Customs (BOC) are currently pursuing reforms in tax administration, including the use of an Internal Revenue Stamps Integrated System (IRSIS) for both cigarettes and alcohol products, to plug leakages and increase revenue collections, according to the Department of Finance (DOF).
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