The Capital Market Development Council (CMDC) chaired by Finance Secretary Carlos Dominguez III is considering reforms in the corporate pension system, notably the recommendation by the Fund Managers Association of…
The Duterte administration has committed to “redouble” efforts to protect its economic gains over the past three years, gird the economy for a strong recovery and drive the country back…
Finance Secretary Carlos Dominguez III has assured the business community that the Duterte administration is focused on saving lives not just from the coronavirus pandemic but also from hunger and…
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…
