National government officials led over the weekend the destruction of the first batch of close to five million packs of cigarettes worth an estimated P142.44 million, all bearing the brands sold by Mighty Corp. that were seized earlier this year in Mindanao for having counterfeit tax stamps.
Read MoreThe Department of Finance (DOF) expects the fuel marking and monitoring system mandated under the proposed tax reform law to be in place by the second half of 2018 as part of sustained government efforts to curb smuggling in the oil sector.
Read MoreFinance Secretary Carlos Dominguez III has assured the country’s medium, small and micro enterprises (MSMEs) that the government is ready to provide funding support to gird them up for competition in the imminent common market for Southeast Asian economies, with two state-run banks having already extended or made available over P81 billion so far this year to help entrepreneurs in the countryside expand their businesses.
Read MoreFinance Secretary Carlos Dominguez III has stressed the primacy of continuously introducing technological innovations to the country’s banking system as a way to bring 86 percent of “unbanked” Filipinos to the financial mainstream and effectively mobilize local capital for investments.
Read MoreAround 20 government agencies are expected to go online under the Asean Single Window (ASW) platform by the first semester of 2018, a move seen to improve further the ease of doing business in the country, the Department of Finance (DOF) said.
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