Finance Secretary Carlos Dominguez III has directed Bureau of Customs officials (BOC) led by Commissioner Isidro Lapeña to set up data exchange arrangements with South Korea, Japan and the United States, similar to the one that Lapeña earlier forged with China to ensure the seamless exchange of trade-related information between the Philippines and these major trading partners.
Read MoreThe government will initiate the country’s first-ever underground commercial development by leasing retail spaces around the stations of the would-be Metro Manila Subway to generate revenues that will help pay off the loan extended by Japan for this multibillion-dollar mass transport project, according to Finance Secretary Carlos Dominguez III.
Read MoreThe 51st Annual Meeting of the Asian Development Bank (ADB) to be held in Manila this year is an opportunity for the Philippines to tell potential investors about its exciting growth narrative anchored on tax reform and its unprecedented “Build, Build, Build” infrastructure program under the Duterte administration, according to Finance Secretary Carlos Dominguez III.
Read MoreThe sale of, and lease rentals from, state properties for privatization along with the interest income from still unsold government assets brought in P17.4 million of remittances to the Bureau of the Treasury (BTr) in the first month of 2018, according to a report by the Privatization and Management Office (PMO) to the Department of Finance (DOF).
Read MoreFilipino consumers now have a combined P10 billion cash bonanza to spend more each month following the implementation starting last January of the Tax Reform for Acceleration and Inclusion Act (TRAIN), which slashed personal income tax (PIT) rates for 99 percent of taxpayers.
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