The Department of Finance has issued Revenue Regulations (RR) No. 20-2020, clarifying fair market value (FMV) definition for transfer of shares of stocks not listed and traded in the local…
The Philippines became the first recipient of Japan’s emergency support loan for COVID-19 affected economies with the early disbursement on Friday (Aug. 14) of its 50-billion yen financing package to…
The Bureau of Customs (BOC) has been relentless in its drive against the illicit tobacco trade even during the coronavirus pandemic, seizing a total of P2.2 billion-worth of smuggled cigarettes…
Filipinos based in 24 countries have invested a combined P1.95 million in the five-year PROGRESO Retail Treasury Bonds (RTBs) through the mobile app Bonds.PH, the Philippines’ first digital platform that…
The Philippines’ first mobile application that allows small investors to buy government securities with their smartphones has enabled the government to raise about P48 million from the sale of the…
The Bureau of the Treasury (BTr) settled P516.3 billion in Five-Year Retail Treasury Bonds (RTBs), also known as the PROGRESO Bonds, at the rate of 2.625% per annum on Aug.…
The World Bank has redesigned around US$1.9 billion-worth of projects in the Philippines that are expected to be approved this year to support the government’s comprehensive plan to bounce back…
Finance Secretary Carlos Dominguez III said Thursday the Philippines’ first Real Estate Investment Trust (REIT) listing done by the Ayala-backed AREIT Inc. signals that the domestic market is ready to…
Business activities in various sectors of the economy have started to pick up since the economic standstill during the second quarter of this year triggered by the 11-week Luzon-wide enhanced…
The Bureau of Internal Revenue (BIR) has released a total of 537.13 million cigarette tax stamps worth P18.88 billion during four months of community quarantine imposed by the government from…
