The Bureau of Customs (BOC) increased its revenue collection from petroleum products in November 2020 by 54.1 percent to P12.83 billion, as against P8.33 billion in the same period last year as a result of the surge in imports of diesel and gasoline.
Read MoreA total of 63 government-owned or controlled corporations (GOCCs) have remitted a total of P160.62 billion to the Bureau of the Treasury (BTr) as of December 15 this year to help fund the government’s continuing efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals, the Department of Finance (DOF) said.
Read MoreConsistent with its commitment to promoting transparency and accountability in the mining, and oil and gas sector, the Department of Finance, as chair of the Philippine Extractive Industries Transparency Initiative (PH-EITI), releases its Sixth PH-EITI Report with the theme, “Synergizing Transparency for Sustainability”.
Read MoreThe strong demand for the Philippines’ foreign bond offerings in 2020 even with the unprecedented challenge brought by the COVID-19 contagion has underscored international investor confidence in the country’s ability to quickly bounce back from the impact of this global crisis and regain its pre-pandemic growth momentum.
Read MoreThe Philippines and Japan have reaffirmed their commitment to further build on their strong economic partnership, which includes plans to expand Japanese investments in the country following favorable developments on a Philippine tax reform measure that aims to significantly lower the corporate income tax (CIT) rate.
Read More