DOF supports IMF proposal for a single fiscal regime for mining

A review conducted by the International Monetary Fund (IMF) of the Philippines' fiscal regime for mining observed that "one indication of low contribution of the mining sector to government revenue…

Comments Off on DOF supports IMF proposal for a single fiscal regime for mining

BOC Adopts Authorized Economic Operator Program for Trade Facilitation

The Bureau of Customs (BOC) is adopting the Authorized Economic Operator Program (AEO), an internationally accepted customs procedure that could enhance the bureau's partnership with the private sector through trade…

Comments Off on BOC Adopts Authorized Economic Operator Program for Trade Facilitation

FTI Bidding Rescheduled

The Privatization and Management Office has announced it has moved the public bidding of the roughly 74-hectare property within the Food Terminal, Inc. (FTI) Complex by four (4) business days…

Comments Off on FTI Bidding Rescheduled

BOC Posts Biggest Smuggled Rice Haul

Prior to its seizure of over Php42million worth of illegally imported rice from Vietnam at the Port of Subic, the Bureau of Customs (BOC), made its biggest smuggled rice haul…

Comments Off on BOC Posts Biggest Smuggled Rice Haul

THREE CHARGED FOR SMUGGLING MILK and COOKING OIL WORTH 21 MILLION

The Bureau of Customs (BOC)-RATS Program in its all-out war on smuggling has once again caused the filing of criminal complaints before the Department of Justice (DOJ) against a trader…

Comments Off on THREE CHARGED FOR SMUGGLING MILK and COOKING OIL WORTH 21 MILLION

First Semester Fiscal Deficit Lower By P74.859 Billion Than Program

17 July 2012, Manila, Philippines: The January to June fiscal deficit of the National Government reached P34.482 billion, P74.859 billion  lower than the programmed ceiling of P109.341 billion. …

Comments Off on First Semester Fiscal Deficit Lower By P74.859 Billion Than Program

First semester fiscal deficit lower than program by P74.859 billion

Revenues post double-digit growth of 11.6% as of June THE GOVERNMENT maintains ample fiscal space for continued government investments to boost growth, as first semester fiscal deficit is lower by…

Comments Off on First semester fiscal deficit lower than program by P74.859 billion

PMO FTI Bid of Sale on schedule

The Privatization and Management Office will finally hold the public bidding for the sale of the 74-hectare Food Terminal Inc. parcel at the PMO main office on August 8, which…

Comments Off on PMO FTI Bid of Sale on schedule

Customs Operatives Seize 45,000 Bags of Smuggled Rice

Ninety (90) forty-footer container vans of illegally imported rice from Vietnam worth Php42.5 million pesos were recently seized at the Port of Subic by alert Bureau of Customs (BOC) officials…

Comments Off on Customs Operatives Seize 45,000 Bags of Smuggled Rice