Purisima pushes for unrestricted trading for government securities; DOF enables Treasury to tax track transactions for improved tax assessment and collection

In response to changes and developments in the capital market, Finance Secretary Cesar Purisima deemed it necessary to take measures to protect the the investing public from fraud or loss…

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Customs seizes illegally imported Thai White Rice

The Bureau of Customs seized an estimated 1,250 Metric Tons (1.25-Million kilograms) of white rice that had been arrived in the country without the required import permits from the National…

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PDIC to bid out P51.6-M in closed banks’ assets on October 9

The Philippine Deposit Insurance Corporation (PDIC) will conduct a public bidding of closed banks’ assets on an “as is, where is” basis on October 9, 2014 at the Bangko Sentral…

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General Government Debt Improves to 38.1% of GDP as of March 2014

The Philippine government continues to improve on its liability management performance on the back of the Aquino administration’s commitment to uphold the nation’s creditworthiness. As of March 2014, the general…

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