IGRB 2020 feats highlight Gov’t resolve to ensure success of BARMM

Finance Secretary Carlos Dominguez III has said the significant progress made in 2020 by the Intergovernmental Relations Body (IGRB) of the national and Bangsamoro governments underscore the Duterte administration’s firm…

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BOC seizes P 9.75-B “hot” goods in 2020

The Bureau of Customs (BOC) seized in 2020 an estimated P9.746 billion-worth of smuggled goods, of which over half were illicit tobacco products. Customs Commissioner Rey Leonardo Guerrero said in…

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PSE, PDS urge Congress to pass CREATE bill

The country’s equities and fixed-income exchanges have called on the Congress to swiftly pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) to make the Philippines an…

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BOC collects P15 .5-B from rice imports in 2020

The Bureau of Customs (BOC) collected a total of P15.494 billion in revenues from 2.38 million metric tons (MT) of rice imported by private traders in 2020, according to Customs…

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DOF secures sufficient funds overseas for pandemic response in 2020

The Department of Finance (DOF) has secured a total of US$13.36 billion in loans and grants from external sources for the government’s COVID-19 response programs in 2020, and is now…

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DOF assures public of sufficient funds for COVID-19 vaccination

The Department of Finance (DOF) has assured the public that funds have been sufficiently provisioned to procure enough doses of COVID-19 vaccines from various sources in line with its target…

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BIR, BOC overshoot DBCC revenue targets in 2020

The Bureaus of Internal Revenue (BIR) and of Customs (BOC) have both surpassed their respective collection goals set by the Development Budget Coordination Committee (DBCC) for 2020, collecting a combined…

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