DOF reviews implementation of common carriers tax

The Department of Finance (DOF) will review current revenue regulations on the common carriers tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure…

Comments Off on DOF reviews implementation of common carriers tax

Dominguez assures transparency in infra projects

Finance Secretary Carlos Dominguez III has assured European businessmen that transparency will prevail as the Duterte administration fast-tracks its flagship infrastructure projects meant to link communities, enhance productivity and create…

Comments Off on Dominguez assures transparency in infra projects

DOF keen on setting parameters right on 3rd telco selection

Secretary Carlos Dominguez III has said it is the priority of the Department of Finance (DOF) to have a selection process that will ensure that the third telecommunications player to…

Comments Off on DOF keen on setting parameters right on 3rd telco selection

Eco reform advocacy group backs corporate tax reform

A public advocacy group with former finance officials, economists and leaders in the banking industry as members has expressed its full support for the proposal of the Department of Finance…

Comments Off on Eco reform advocacy group backs corporate tax reform

Dominguez seeks WB-IFC assistance in digital Overseas Filipino Bank

Finance Secretary Carlos Dominguez III has asked the assistance of the International Finance Corp. (IFC), a sister organization of the World Bank, in helping set up a digital banking system…

Comments Off on Dominguez seeks WB-IFC assistance in digital Overseas Filipino Bank

PHL, SoKor discuss $191-M projects as part of immediate ODA pipeline

SEOUL—The Philippines has discussed two infrastructure-related projects and a proposed revenue monitoring “infostructure” system in the pipeline with a total combined cost of $191 million for possible financing by South…

Comments Off on PHL, SoKor discuss $191-M projects as part of immediate ODA pipeline

PHL, KEXIM sign loan pact for Cebu Port Project

SEOUL—The Philippines and South Korea signed Monday (June 4, 2018) a $172.64 million loan agreement for the construction of a new international container port in Cebu that aims to free…

Comments Off on PHL, KEXIM sign loan pact for Cebu Port Project

Social mitigation measures in place vs inflation

The economic managers assured the public Tuesday that the government is fast-tracking the release of the unconditional cash transfers (UCTs) for the country’s poorest households, along with other social mitigation…

Comments Off on Social mitigation measures in place vs inflation

Landbank sustains high-growth momentum in April

The Land Bank of the Philippines (LandBank) reported a net income of P5.068 billion as of April 2018, higher by 26 percent than the P4.038 billion registered in the same…

Comments Off on Landbank sustains high-growth momentum in April

Dominguez pitches PHL infra, IT projects to Korea

Finance Secretary Carlos Dominguez III has sought South Korea’s funding support and expertise in implementing the Philippines’ big-ticket infrastructure and information technology (IT) projects in line with the Duterte administration’s…

Comments Off on Dominguez pitches PHL infra, IT projects to Korea