Finance Secretary Carlos Dominguez III has ordered the Bureau of Customs (BOC) to keep a closer watch over the entry of “hot” rice and sugar and speed up the auction of seized stocks amid the current supply and price issues concerning these prime commodities.
Read MoreMANILA— The Government’s Economic Team, composed of the Department of Finance (DOF), Department of Budget and Management (DBM), and National Economic and Development Authority (NEDA), said stronger government measures, most especially in improving agriculture productivity and, in the short term, a strategic trade policy, are needed to address supply constraints that have further pushed consumer prices up.
Read MoreFinance Secretary Carlos Dominguez III has assured senators that the Philippines’ fiscal position remains strong, with revenues expected to be above target, the debt burden continuing its downtrend and the government’s spending program sustainable over the medium term.
Read MoreThe Department of Finance (DOF) has identified a total of 645 registered enterprises that continue to receive tax incentives even after 15 years in the business, proving that investment perks given usually to big or multinational firms–many of them are “inherently profitable”–have become redundant and unnecessary.
Read MoreThe Department of Finance (DOF) has committed to speed up the consolidation of the Philippine Export-Import Credit Agency (PhiIEXIM) with other state-run guarantee firms and programs in compliance with President Duterte’s directive to merge them into a single corporate entity.
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