Statement of Finance Secretary Purisima on the upgrade of the Philippines to Investment Grade with a Positive Outlook by Moody’s Investors Service

"We are pleased to find out that Moody's Investors Service, after much deliberation, has raised the Philippines to an investment grade rating, with a positive outlook. The Philippines' sound fiscal…

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GCG recommends abolition of PDAF-linked GOCCs

In the last quarter of 2012, President Aquino directed the Governance Commission for GOCCs (GCG) to focus its evaluation on several GOCCs for possible abolition or privatization. Among those GOCCs…

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Thirty eight GOCC’s turn over dividends to the President

Thirty eight GOCCs turned over to President Benigno S. Aquino III, close to P28 billion in dividends and other forms of remittances to the national coffers out of their operations…

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PDIC sold assets for P72.07-M at Housing Fair of HUDCC

The Philippine Deposit Insurance Corporation accepted offers to buy four properties resulting to a sale amounting to P72.07 million during the recently-concluded 8th Housing Fair organized by the Housing and…

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TRO Will Not Affect BOC’s Reform Program: Biazon

The overall reform program of the Bureau of Customs will not be significantly affected by the issuance of a 72-hour Temporary Restraining Order (TRO) issued by Manila Regional Trial Court…

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DOF Blasts TRO Blocking Customs Reforms

Order undermines BOC reforms, says Purisima. The Department of Finance (DOF) questions the Temporary Restraining Order (TRO) issued by Manila Regional Trial Court that prevents the implementation of Customs Personnel…

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