A major manufacturer of cartridge-based electronic cigarettes has committed to fully comply with a new law signed recently by President Duterte that will increase excise taxes on heated tobacco products…
The People’s Republic of China has pledged a 1-million renminbi (equivalent to P7.2 million) cash donation to the Philippine government to assist in the ongoing disaster relief efforts for the…
Three forecasters have accurately predicted the 6.4 percent gross domestic product (GDP) expansion for the October-December 2019 period, according to an analysis by the Department of Finance (DOF) of the…
Finance Secretary Carlos Dominguez III has said at a foreign media forum that although inviting investors to the domestic economy is on top of the Duterte administration’s concerns, it has…
Finance Secretary Carlos Dominguez III said Thursday the swift approval of the 2020 General Appropriations Act (GAA) and the extended validity of certain portions of last year’s national budget law…
Local government units (LGUs) can avail of concessional financing of up to 100 percent of project cost to enable them to implement their infrastructure and other development projects through three…
South Korea will provide the Philippines a US$50-million loan to fund the feasibility studies and other project preparation activities necessary to speed up the implementation of the Duterte administration’s “Build,…
The Bureau of Customs (BOC) has intensified. its anti-smuggling campaign in 2019, seizing P20.58 billion-worth of smuggled goods, mostly counterfeit goods, illegal drugs and tobacco products. In a report to…
The government was able to collect a total of P6.42 billion in taxes from Philippine offshore gaming operators (POGOs) and their service providers in 2019, which was P4.04 billion or…
The Philippines has officially joined the live operations of the ASEAN Single Window (ASW) starting Dec. 30, 2019, the Department of Finance (DOF) has said. According to Finance Undersecretary Gil…
