The full implementation of reforms designed to plug the operational loopholes at the Bureau of Customs (BOC) is expected to ease the burden caused by the dumping of illegally imported poultry and meat products into the local market on the country’s poultry and hog raisers.Read More
TRANSCRIPT: Finance Sec. Cesar V. Purisima in the Euromoney Conference, March 27, 2012. Purisima: 2015 is a very important year for us in the Philippines. Thats when we will integrate as one single economic community. In an integrated Asean, the Philippines will have the second largest population and the most mobile population, and this market of close to two trillion will be a very important opportunity for us. 2015 is also the year when the Philippines will be entering the demographic sweet spot where the majority of our population will be at working age. Countries that have gone through that in the past have seen an acceleration of their growth rate. The strength of the Philippines is really in its people. Thats why President Aquino has increased the investment in its people through bigger budgets for education, health care and conditional cash transfer. The Philippines would like to position itself as the northern gateway in an integrated Asean, as well as the pacific gateway. That is why the thrust of President Aquino is to invest in its infrastructure, both through PPP and as part of budget. Were excited about the future of the Philippines because finally, I think things are aligned. We have a leadership that has the mandate; that wants to do the right thing and has the support of the businessmen. Some refer to the program of the president as Aquinomics.Read More
Two public officials from leading revenue-generating agencies are facing possible preventive suspension without pay for providing fabricated details in their respective sworn Statement of Assets, Liabilities, and Networth (SALNs) and accumulating wealth beyond their salary as government personnel and other lawful sources of income, as
well as dismissal from service and forfeiture of their individualÂ properties if proven guilty.
A “SIGNIFICANT IMPACT” to employment “particularly in tobacco farming” is “unlikely” to arise from a reform of excise taxation in the country, the International Monetary Fund (IMF) said in a new report on the restructuring of the Philippine tax system released on Monday.Read More
Drug mules are unwelcome in the Philippines and offenders shall be punished to the full extent of the law!Read More