The Philippines and the World Bank signed over the weekend a US$500-million loan agreement that would enable the Duterte administration to augment the government’s urgent financing requirements arising from the…
Finance Secretary Carlos Dominguez III has emphatically stated that the Philippines “has not and will not consider a moratorium on the national government’s debt obligations despite the 2019 coronavirus (COVID-19)…
The government will provide some 3.4 million employees in small businesses a wage subsidy of P5,000 to 8,000 per eligible worker affected by the Enhanced Community Quarantine (ECQ) in Luzon…
President Duterte's economic team is now working hard to raise additional funds by using the government’s arsenal of fiscal and monetary tools and tapping concessional financing options from multilateral institutions…
Finance Secretary Carlos Dominguez III has said the Philippines is “financially able” to meet the unexpected challenges to the Filipino people and the domestic economy of the 2019 coronavirus disease…
Key government agencies have issued a Joint Administrative Order (JAO) providing for the expedited release of refrigerated containers and dry vans parked at shipping ports and terminals during the period…
The Department of Trade and Industry (DTI) and the Department of Finance (DOF) push for greater support in the manufacture and importation of essential products during the Enhanced Community Quarantine…
The Bureau of Internal Revenue (BIR) has padlocked earlier this year a warehouse illegally manufacturing tobacco products inside the Clark Special Economic Zone in Pampanga where 1.65 million packs of…
The Department of Finance (DOF) has issued Revenue Regulations (RR) No. 8-2020 on the documentary stamp tax (DST) exemption of relief for loans payments falling due within the period of…
The Department of Finance (DOF) has issued guidelines on the tax and duty exemption of imports of medical equipment and supplies intended for healthcare frontliners to combat the coronavirus disease…
