Finance Secretary Carlos Dominguez III lauded Wednesday night the second Sulong Pilipinas workshop as a “rich ground” to mine new ideas and forge consensus behind the Duterte administration’s agenda of high and inclusive growth between the government and various groups that have a stake in the country’s future.
Read MoreFinance Secretary Carlos Dominguez III said Wednesday substantial progress has been achieved on the socioeconomic reform agenda crafted during the first Sulong Pilipinas workshop held before the Duterte administration took over last year, particularly on the primary goals of growing a robust middle class, putting more money in the pockets of wage earners and making the Philippines more attractive to investors.
Read MoreFinance Secretary Carlos Dominguez III met recently with officials of China’s Hainan province to discuss ways of enhancing cooperation between the Philippines and the island-province in the areas of tourism, agriculture and fisheries, in step with the closer ties that Manila has forged with Beijing under the leadership of President Duterte.
Read MoreThe Duterte administration will hold the follow-up to its trailblazing “Sulong Pilipinas” consultative workshop on Wednesday, August 9 in Manila to meet anew with leaders of the business sector and assess the progress made on their recommendations last year on how to fulfill and carry out the government’s high–and inclusive–growth agenda.
Read MoreThe first P250,000 in taxable income of compensation earners will be exempted from the personal income tax (PIT) under the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), with families receiving a combined monthly income of betweenP13,000 and P40,000 increasing their take-home pay between P1,100 and 3,500 per month –or P14,000 to P42,000 per year–according to the Department of Finance (DOF).
Read MoreThe Department of Finance (DOF) will spearhead the annual provincial roadshow of the Philippine Extractive Industries Transparency Initiative (PH-EITI) this month to inform mining stakeholders across the country about updates and developments in the Philippines’ continuing implementation of EITI’s global standards of transparency in the management of the country’s mineral resources.
Read MoreFinance Secretary Carlos Dominguez III has expressed shock and deep sadness over the death of Michael D. Marasigan, his communications consultant who was killed by two gunmen riding in tandem in San Juan City Thursday night.
Read MoreFinance Secretary Carlos Dominguez III commended Wednesday the Bureau of Internal Revenue (BIR) under the leadership of Commissioner Caesar Dulay for its “assiduous investigative work” and “decisive action” against cigarette manufacturer Mighty Corporation, which has led to the largest tax settlement made by a single entity in the country’s history.
Read MoreFinance Secretary Carlos Dominguez III has given new marching orders to the heads of the Bureaus of Internal Revenue (BIR) and of Customs (BOC) to work closer together in catching more “big fish” that are cheating the government of billions of pesos in taxes following the government’s successful campaign against cigarette manufacturer Mighty Corporation, which resulted in the biggest tax haul ever from a single entity in the country’s history.
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