PSALM cuts debts by P27-B, collectsP98 -B revenues in 2019

The Power Sector Assets and Liabilities Management Corp. (PSALM) was able to cut its financial obligations by P27.18 billion and collect P98.37 billion in revenues and receivables in 2019 through…

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DBP surpasses financial targets in 2019

The Development Bank of the Philippines (DBP) has surpassed all its financial targets in 2019, with total assets growing 14 percent to P762.27 billion and gross income rising 26 percent…

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CITIRA to keep PHL highly competitive in Asean

The Department of Finance (DOF) has said the proposed incentives regime under Senate Bill (SB) No. 1357, or the Corporate Income Tax and Incentives Reform Act (CITIRA), once approved by…

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Dominguez orders BOC to work with AMLC on influx of foreign cash

Finance Secretary Carlos Dominguez has directed the Bureau of Customs (BOC) to closely coordinate with the Anti-Money Laundering Council (AMLC) in investigating attempts by suspected syndicates to bring in large…

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PHL to make 1st contribution to ADB grant fund

With the Philippines expected this year to rise to upper middle-income status ahead of schedule, it is making its first-ever contribution to the grant fund of the Asian Development Bank…

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