The state’s total credit guarantee portfolio amounted to P216 billion in 2019 following the consolidation of the finances of five state agencies performing guarantee functions into a single fund under the Philippine Guarantee Corp. (Philguarantee).
Read MoreFinance Secretary Carlos Dominguez III wants the Development Bank of the Philippines (DBP) to focus on improving its wholesale banking services and help finance big-ticket infrastructure projects, especially with the full implementation of the Real Estate Investment Trust (REIT) Law set to unleash more capital into the market once it takes off starting next year.
Read MoreThe Bangsamoro government has appointed six of its key executive and legislative officials as members of a fiscal policy body tasked to address revenue imbalances and fluctuations in the financial needs and revenue-raising capacity of this new autonomous region.
Read MoreAsian Development Bank (ADB) President Masatsugu Asakawa paid a courtesy call on Monday (Feb 24) to President Rodrigo Roa Duterte at the Department of Finance in Manila.
Read MoreThe Bureau of Internal Revenue (BIR) has filed a total of 347 complaints involving tax liabilities estimated to be worth P24.02 billion combined in 2019 before either the Department of Justice (DOJ) or the Court of Tax Appeals (CTA) as part of the Duterte administration’s all-out campaign against tax evaders.
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