The Department of Finance (DOF) would like to inform the public that certain letters, some bearing the DOF’s logo, are circulating, claiming that a certain “Finance Council” of the DOF has assessed, investigated, or evaluated bank transactions of individuals.
We refer in particular to a Memorandum No. 54-2016 dated February 11, 2016 addressed to Secretary Cesar Purisima from one Atty. Honesto Obosa, supposedly representing the Finance Council, claiming to have certified and investigated certain bank records.
Proposed Amendments to the Anti-Money Laundering and Bank Secrecy Laws Submitted to CongressRead More
The national government incurred a deficit of P34.6 billion in February 2016, bringing the year-to-date deficit to P38.1 billion. Net of interest payments, the national government’s primary balance for January-February 2016 stood at surplus of P28.8 billion. Primary balance for the month of February was at a deficit of P13.3 billion.Read More