Republic of the Philippines Executes Domestic Liability Management Exercise Purisima: Overwhelming market response a show of strength and stability Manila, 8 September 2015-- The Republic of the Philippines (the “Republic”) announced today the…
PDIC Files Syndicated Estafa Against Former LBC Bank Execs The Philippine Deposit Insurance Corporation (PDIC) filed with the Department of Justice charges of syndicated estafa against 11 former Directors, officers…
National Government Budget Deficit at P32.2 Billion in July 2015 Year-to-date balance dips into deficit at P18.5 billion The National Government’s budget balance in July 2015 was at a deficit…
Delinquent Real Estate Company and Textile Manufacturing Company Charged with Willful Failure to Pay Tax The Bureau of Internal Revenue (BIR) today filed separate criminal complaints with the Department of…
Trading Company Fails to Report True Income by concealing its purchase of shares of stocks, is charged with tax evasion The Bureau of Internal Revenue (BIR) today filed a criminal…
National Transmission Corporation Elects OIC The National Transmission Corporation (Transco) Board of Directors has elected a new Officer in Charge effective September 1, 2015. Generoso Senal shall serve as the…
Republic of the Philippines Launches Domestic Liability Management Exercise Manila, 26 August 2015. The Republic of the Philippines (the “Republic”) announced today the launch of a domestic liability management transaction, which…
PHILIPPINES AND JAPAN INK JPY 33.7 BILLION loan to support BYPASS CONSTRUCTION AND BRIDGE IMPROVEMENT PROJECTS The Governments of the Republic of the Philippines and Japan signed two (2) Loan…
24 August 2015-- The President met with the Secretary of Finance and the Commissioner of Customs this afternoon. He emphasized that OFW families view the balikbayan box as an integral…
Philippines Warns Against Using Exchange Rate as a Trade Tool Purisima: We must be mindful of the trade-offs involved Amid the biggest depreciation of the yuan in two decades, currency…
