The Bureau of Customs (BOC) seized in 2020 an estimated P9.746 billion-worth of smuggled goods, of which over half were illicit tobacco products. Customs Commissioner Rey Leonardo Guerrero said in…
The country’s equities and fixed-income exchanges have called on the Congress to swiftly pass the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) to make the Philippines an…
The Bureau of Customs (BOC) collected a total of P15.494 billion in revenues from 2.38 million metric tons (MT) of rice imported by private traders in 2020, according to Customs…
The Philippines and China signed Saturday an agreement on economic and technical cooperation that will provide the Philippines with a grant of 500 million renminbi (about US$77.38 million or P3.72…
The Department of Finance (DOF) has secured a total of US$13.36 billion in loans and grants from external sources for the government’s COVID-19 response programs in 2020, and is now…
The Department of Finance (DOF) has assured the public that funds have been sufficiently provisioned to procure enough doses of COVID-19 vaccines from various sources in line with its target…
Finance Secretary Carlos Dominguez III said Tuesday the large structural liquidity in the country’s financial system will let the government continue preferring the domestic market as a key source of…
The Bureaus of Internal Revenue (BIR) and of Customs (BOC) have both surpassed their respective collection goals set by the Development Budget Coordination Committee (DBCC) for 2020, collecting a combined…
The Department of Finance (DOF) has been conducting rigorous lifestyle checks on its officials and employees and advocating a continuing review of processes and procedures in all its offices to…
Economic managers are pushing for the early congressional approval in 2021 of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill and other legislative measures, designed to reinvigorate the…
