The Financial Stability Coordination Council (FSCC) is taking advantage of the country’s strengths in assessing opportunities as the global markets face enhanced uncertainties.
Read MoreFinance Undersecretary Karl Kendrick Chua has challenged the Joint Foreign Chambers of the Philippines (JFC) to look more closely at the proposed second package of the comprehensive tax reform program (CTRP), also known as the Corporate Income Tax and Incentives Rationalization Act or CITIRA bill, instead of prematurely fretting over imagined job losses.
Read More“There is no way we will stop fighting for fiscal incentive reform,” Department of Finance (DOF) Undersecretary and its Chief Economist Gil Beltran has said, in response to the spate of strongly worded statements made by Philippine Economic Zone Authority (PEZA) Director-General Charito Plaza against the Corporate Income Tax and Incentives Reform Act(CITIRA), which was approved last September 13 by the House of Representatives.
Read MoreThe Department of Finance (DOF) is in exploratory talks with some of the Philippines’ international development partners to augment support for projects adversely affected by the suspension brought about by the United Nations-sanctioned investigation into the Duterte administration’s campaign against illegal drugs.
Read MoreFinance Secretary Carlos Dominguez III has thanked Senator Pia Cayetano and the members of the Senate ways and means committee for pushing the swift panel approval of the measure imposing higher taxes on alcohol products and electronic cigarettes, which is estimated to raise around P47.9 billion in additional revenues for the Universal Health Care (UHC) program that will primarily benefit low-income families.
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