The Department of Finance (DOF) has determined that for 2015 alone, the government gave away P86.3 billion-worth of income tax incentives to firms that paid out a total of P141.8…
Around 1.4 million jobs are expected to be created between 2021 and 2029, when the corporate income tax (CIT) will have been cut by a third to 20 percent under…
BALI, Indonesia—The Philippines has called on the World Bank Group (WBG) and the International Monetary Fund (IMF) to spearhead discussions on the “dangerous convergence” of several adverse economic developments that…
Finance Secretary Carlos Dominguez III has called for “closer coordination” between the Philippine Coast Guard (PCG) and the Bureau of Customs (BOC) in mounting a relentless drive against smuggling, which…
BALI, Indonesia— The Department of Finance (DOF) is exploring a plan to sponsor a Catastrophe Bond (Cat Bond) to help cover disaster-related risks in the Philippines and a separate offer…
The Bureau of Internal Revenue (BIR) continued to experience erratic network connections in all its systems and electronic services in August this year despite the interventions made by the Department…
Basic food items such as rice, fish, meat and vegetables have been major drivers of inflation this year with the contribution of rice rising 10 times to 1 percentage point…
The Department of Finance (DOF) said the big-ticket infrastructure and development projects to be rolled out by the Philippines in cooperation with China are proceeding as discussed during the regular…
The Bureau of Customs (BOC) is now working on separate partnerships with the United States and South Korea to step up its campaign against smuggling. BOC Commissioner Isidro Lapeña reported…
The Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have signed a supplemental agreement extending a 4.376-billion yen loan to the Philippines to help fund the second…
