Philguarantee reports P216-B portfolio in 2019

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…

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With REITs takeoff, Dominguez wants DBP to focus on big infra projects

Finance 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…

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Bangsamoro gov’t names appointees to intergovernmental fiscal body

The 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…

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BIR files 347 tax cases before DOJ, tax appeals court

The 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…

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PSALM runs after IPPAs for P33.6-B unpaid accounts

The Power Sector Assets and Liabilities Management Corp. (PSALM) will continue its vigorous collection efforts to go after Independent Power Producer Administrators (IPPAs) with delinquent accounts totaling a whopping P33.62…

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‘Sin’ tax collections almost double to P269.1-B in 2019

Excise tax collections from so-called ‘sin’ products now redefined to include sweetened beverages (SBs) have raised a total of P269.1 billion in revenues in 2019, which is almost double the…

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Strong BIR performance to help Gov’t achieve anti-poverty goals

Finance Secretary Carlos Dominguez III said Tuesday the sustained robust tax collections and vigorous implementation of administrative reforms by the Bureau of Internal Revenue (BIR) will help the country achieve…

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