Gov’t eyeing 5 steps to keep infra projects transparent, graft-free

The Duterte administration is considering the implementation of five measures, including the monitoring of projects in real time through the use of drones, to place its infrastructure buildup strategy on…

Comments Off on Gov’t eyeing 5 steps to keep infra projects transparent, graft-free

BOC seizes 2 oil tankers with P700-M smuggled fuel

The Bureau of Customs (BOC) scored its first big break against oil smuggling in only six months on the Duterte watch with the seizure of two oil vessels carrying a…

Comments Off on BOC seizes 2 oil tankers with P700-M smuggled fuel

LandBank setting up OFW Bank by September 2017

The Land Bank of the Philippines is due to set up by September next year a bank partly owned by overseas Filipino workers (OFWs) and with an authorized capital of…

Comments Off on LandBank setting up OFW Bank by September 2017

Buco sworn in as new Customs deputy commissioner

Finance Secretary Carlos Dominguez III recently swore into office lawyer Edward James Dy Buco as Deputy Commissioner of the Bureau of Customs, replacing Peter Manzano. Buco was private lawyer prior…

Comments Off on Buco sworn in as new Customs deputy commissioner

AIIB eager to finalize PHL projects for bank financing

Asian Infrastructure Investment Bank (AIIB) president Jin Liqun has expressed enthusiasm in finalizing Philippine infrastructure projects for financing by this China-led multilateral lender after the Senate had finally concurred in…

Comments Off on AIIB eager to finalize PHL projects for bank financing

BIR posts higher November collection of P157-B

The Bureau of Internal Revenue (BIR) posted a 15 percent revenue collection increase to P157.3 billion in November from its year-ago performance. The BIR said in a report to Finance…

Comments Off on BIR posts higher November collection of P157-B

Economic managers suggest to PRRD higher member contribution for proposed P2,000 pension hike to save SSS from bankruptcy

The country’s economic managers have recommended to President Duterte that the congressional proposal for a two-step, across-the-board increase of P2,000 in the Social Security System (SSS) monthly pension be made…

Comments Off on Economic managers suggest to PRRD higher member contribution for proposed P2,000 pension hike to save SSS from bankruptcy

Mizuho Bank eyes expanding its footprint in the Philippines

One of Japan’s largest commercial banks has expressed interest in expanding its footprint in the Philippines, particularly in the field of infrastructure where the Duterte administration has pledged to accelerate…

Comments Off on Mizuho Bank eyes expanding its footprint in the Philippines

Dominguez: Gov’t committed to adhere to rule of law

Finance Secretary Carlos Dominguez III reiterated today the government’s strong commitment to the rule of law in realizing the Duterte administration’s goal of attacking poverty and promoting a law-abiding society…

Comments Off on Dominguez: Gov’t committed to adhere to rule of law