BIR destroys illegal cigarette-making machines in Visayas, Mindanao

The Bureau of Internal Revenue (BIR) has destroyed cigarette-making machines and counterfeit cigarettes worth over a billion pesos that were seized in various raids conducted in Misamis Oriental and Leyte.…

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PHL backs nomination of Special Advisor to the Japanese Prime Minister and to the Minister of Finance, Masatsugu Asakawa as next ADB chief

The Philippines has expressed its support for the nomination of Special Advisor to the Japanese Prime Minister and to the Minister of Finance, Masatsugu Asakawa as the next President of…

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DOF maintains CITIRA to create 1.5 million jobs

Finance Undersecretary Karl Kendrick Chua has challenged the Joint Foreign Chambers of the Philippines (JFC) to look more closely at the proposed second package of the comprehensive tax reform program…

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DOF unfazed in pushing for CITIRA despite PEZA fallacies

“There is no way we will stop fighting for fiscal incentive reform,” Department of Finance (DOF) Undersecretary and its Chief Economist Gil Beltran has said, in response to the spate…

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DOF in talks with other possible country-donors

The Department of Finance (DOF) is in exploratory talks with some of the Philippines’ international development partners to augment support for projects adversely affected by the suspension brought about by…

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PHL one of Singapore’s top choices for business expansion

According to the Singapore Business Federation’s (SBF) recent National Business Survey, the Philippines was among the top 10 markets of interest for Singaporean companies looking to expand their business. This…

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