The Philippines has supported the call for the international community to assist low- and middle-income countries in containing their financial stability risks, and achieving green, resilient and inclusive growth as…

The Department of Finance (DOF) has instructed the Power Sector Assets and Liabilities Management Corp. (PSALM) to strictly enforce its credit and collection policy against Maguindanao Electric Cooperative, Inc. (MAGELCO)…

The Fiscal Incentives Review Board (FIRB) Secretariat has reported that the now-defunct Hanjin Heavy Industries and Construction Philippines Inc. (HHIC-Phil) received tax incentives amounting to P370 million in 2015 alone.…

Department of Finance (DOF) Chief Economist and former Undersecretary Gil Beltran has said that the debt of the national government (NG) would have reached P15.4 trillion in 2022, higher by…

As reported by the Philippine Statistics Authority, the country was able to attain a strong GDP (gross domestic product) growth of 8.3 percent in the first quarter of 2022, surpassing the pre-pandemic levels.

A World Bank (WB) study recommending reforms in the Philippine Crop Insurance Corp. (PCIC) has found that the state-run firm’s current approach to agricultural insurance neither provides value for money…

With the goal to formulate sound guidelines on the fees collected by the different investment promotion agencies (IPAs) from their respective registered business enterprises (RBEs), the Fiscal Incentives Review Board…

The Civil Service Commission (CSC) has approved the appointments of the executive officers of the Philippine Tax Academy (PTA), including the president and the three chancellors of the institution. PTA…

Finance Secretary Carlos Dominguez III has approved the donation to the Armed Forces of the Philippines (AFP) and the Philippine Coast Guard (PCG) of 47,356.8 liters of fuel that were…

The implementation of the initial packages of President Duterte’s Comprehensive Tax Reform Program (CTRP) designed to significantly lower the personal income tax (PIT), provide amnesty to delinquent taxpayers, and impose…