Dominguez orders BIR to padlock tax-dodging POGOs

Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to shut down the operations of Philippine Offshore Gaming Operators (POGOs) and their service providers that fail…

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Gov’t keeping 6% or higher GDP target for 2019—Dominguez

The Duterte administration is maintaining its “fighting target” for economic growth of 6 percent or above this year to keep on track President Duterte's ultimate goals of lowering poverty incidence…

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Decisive gov’t measures lead to low inflation, says DOF

The Department of Finance (DOF) has said the continued downward trend in the monthly increase in commodity prices is reflective of the Duterte administration’s decisive efforts to keep inflation at…

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Next Sulong in Iligan City on Sept 14

The next leg of the Sulong Pilipinas workshops this year will be held in the city of Iligan in Northern Mindanao on Sept. 14, the Department of Finance (DOF) has…

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Surge in FDI pledges proves investors not scared of CITIRA—DOF

The Philippine Statistics Authority (PSA)’s recent report on the doubling of foreign direct investment (FDI) pledges during the first half of 2019 shows that fears of investment flight following the…

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House appropriations panel endorses DOF’s P17.3-B budget for 2020

The Committee on Appropriations of the House of Representatives has endorsed for congressional approval the P17.29-billion budget of the Department of Finance (DOF) and its attached agencies for 2020, a…

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ASEAN members cite TRAIN’s sweetened beverage tax as successful policy—DOF

Fellow member-states of the Association of Southeast Asian Nations (ASEAN) have recognized the Philippines’ excise tax on sugar-sweetened beverages (SSBs) under the Tax Reform for Acceleration and Inclusion (TRAIN) Law…

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