23 July 2015 | Iloilo City—The Department of Finance opens the APEC Workshop on Infrastructure Financing and Capital Market Development today with the theme, Fostering APEC’s Infrastructure through Long-Term Investment and Capital Market Development at The Royal Garden Hall Convention Center.
Finance Secretary Cesar V. Purisima welcomed private and public sector participants from 21 member economies saying, “Making growth sustainable for the long-term benefit of our people involves making smart regional investments now on the future of our economies. We want our economies to work for our people: better connectivity and mobility to better support our growing, upward-moving populations.
Growing the size of our economies exacts a high demand for quality infrastructure to support such growth. Together, we can unlock smarter ways to keep moving forward as we keep growing.”
Organized in collaboration with the APEC Business Advisory Council, the Asia-Pacific Financial Forum, and the Asia-Pacific Infrastructure Partnership, the 2-day workshop addresses key challenges and opportunities that come with the region taking the driver’s seat in the global economy.
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22/07/15
Promising E-filing Numbers Registered as BIR Augments Reforms
Promising E-filing Numbers Registered as BIR Augments Reforms
Purisima lauds the BIR, urges the agency to continue easing compliance burden of taxpayers
Amid encouraging results of the continuing roll-out of e-filing reforms at the Bureau of Internal Revenue (BIR), the government is escalating efforts at promoting the electronic filing of tax returns.
From January to June 2015, the BIR has already surpassed the e-filing rate for the entire years of 2013 and 2014, registering 16% e-filing of total returns as of end-June 2015 (3.3 million out of the projected 21 million for 2015) versus 8% of total returns in full year 2013 (1.5 million out of 18.5 million returns), and 9% of total returns in 2014 (1.9 million returns). The total e-filing rate is expected to be at least 25% by the end of 2015.
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22/07/15
Philippines Weathers External Shocks from Chinese Markets
Philippines Weathers External Shocks from Chinese Markets
Safeguards protect the country from volatile events around the globe
The Philippines is resilient in the face of external risks arising from the recent developments in the Chinese stock markets, owing in part to decisive responses from the People’s Republic of China and to the Philippines’ own macroprudential safeguards. The country continues to bolster its resiliency against the vicissitudes of the global economic landscape, remaining resilient as demonstrated by its insulated position relative to recent developments in Greece and China.
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20/07/15
National government budget surplus at P67.3 billion in May 2015
National government budget surplus at P67.3 billion in May 2015
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20/07/15
Iloilo City to Leverage on APEC Hosting to Solicit Investments
Iloilo City to Leverage on APEC Hosting to Solicit Investments
800 hectares of land identified for new industrial zones
Iloilo City is taking advantage of its hosting of one of the high-profile meetings of the Asia-Pacific Economic Cooperation (APEC) to drum up interest among potential investors in a wide range of sectors, including retail, manufacturing, business process outsourcing (BPO), agro-processing, and tourism.
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