The Philippines and the Asian Development Bank (ADB) signed Thursday a loan agreement that would enable the government to access up to US$1.5 billion in budgetary support from the multilateral institution to augment funds for its stepped-up efforts against the coronavirus disease 2019 (COVID-19).
Read MoreThe Bureau of Customs (BOC) has returned to South Korea some 2,676 metric tons (MT) of waste materials that were stored at the PHIVIDEC Industrial Authority premises in Misamis Oriental since 2018, according to a report to Finance Secretary Carlos Dominguez III.
Read MoreThe Department of Finance (DOF) is currently recruiting highly-competent and committed individuals who are willing to support President Duterte’s economic team in crafting a bounce-back plan for the domestic economy and then supporting implementation as soon as the coronavirus disease 2019 (COVID-19) pandemic is over.
Read MoreThe Department of Finance (DOF) has issued Revenue Regulations (RR) No. 10-2020 further extending filing deadlines to submit or file necessary documents and/or pay taxes required under the Tax Code of 1997, as amended, following President Duterte’s extension of the Enhanced Community Quarantine (ECQ) period in Luzon until April 30.
Read MoreWith most economic activities in Luzon grinding to a halt in the latter part of March as a result of the enhanced community quarantine (ECQ), actual collections by the Bureaus of Internal Revenue (BIR) and of Customs (BOC) amounted to P600.86 billion in the first quarter, or P10.17 billion less than the revenues collected in the same period last year, according to preliminary data submitted to the Department of Finance (DOF).
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