Department of Finance (DOF) Secretary Carlos Dominguez holds a press briefing on the key provisions of the Republic Act 10963 or the Tax Reform for Acceleration and Inclusion (TRAIN) for the Malacañang Press Corps (MPC) in Malacañang on January 8, 2018.

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BCDA remits P5.22 billion to National Treasury

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…

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DOF to submit CTRP’s Package 2 to Congress this month

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…

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YEARENDER: TRAIN, infra program herald even better year for PHL economy

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…

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MICC begins review of mining operations

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…

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DOF sees 7 percent growth, manageable inflation in 2018

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…

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YEARENDER: Warming of PHL-China ties result of PRRD foreign policy rebalancing

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…

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BIR assures DOF of streamlined documentary requirements for MSMEs

The Bureau of Internal Revenue (BIR) has assured the Department of Finance (DOF) that it will work double-time on streamlining processes for the documentary requirements of micro, small and medium-scale…

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Big logistics firms should help SMEs

Finance Secretary Carlos Dominguez III has cited the need for corporate giants in the logistics industry to help micro, small and medium enterprises (MSMEs) take advantage of the benefits of…

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