The government collects income taxes from large corporations and other private firms representing only 3.7 percent of the country’s Gross Domestic Product (GDP), or a collection rate of a low…
Finance Secretary Carlos Dominguez III has asserted that the Tax Reform for Acceleration and Inclusion Act (TRAIN) would be the first time the government had pushed a tax reform package…
The Bases Conversion and Development Authority (BCDA) has remitted to the National Treasury a total of P5.220 billion, including guarantee fees and dividends, from January to December 2017, the highest…
Finance Secretary Carlos Dominguez III said the Department of Finance (DOF) will submit to the Congress this January the second package of the government’s Comprehensive Tax Reform Program (CTRP) after…
Global multilateral institutions and credit rating agencies see an even better year for the Philippines in 2018 on the back of a continuously strong economy fueled by an unprecedented infrastructure…
The interagency Mining Industry Coordinating Council (MICC) is set to begin this January its “fact-finding and science-based” review of an initial batch of 26 mine sites ordered either suspended or…
An economic expansion of at least 7 percent is doable this year with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law—the first package of the Comprehensive…
The Philippines’ economic relations with its neighbors in the region such as China continued to improve in 2017 following President Duterte’s foreign policy rebalancing towards Asia. Aid, concessional financing, and…
The Department of Finance (DOF) implemented several innovations in 2017 anchored on the use of digital technology to improve the ease of doing business and electronically interconnect with other member-states…
