Finance Secretary Carlos Dominguez III has ordered the implementation of separate rulings of the Office of the Ombudsman dismissing from the service a Bureau of Customs(BOC) officer and two municipal treasurers in line with the Department of Finance (DOF) ‘s drive to remove or penalize erring officials in the department and its attached agencies.
Read MoreThe government will never hit, much less surpass, its annual collection targets unless it indexes taxes to inflation and modernize fiscal incentives given to certain industries that account for over P100 billion in foregone revenues, according to Finance Undersecretary Karl Kendrick Chua.
Read MoreThe Duterte administration awaits promising development and financing cooperation with the Asian Infrastructure Investment Bank (AIIB) to help fund the country’s big-ticket infrastructure projects, according to National Treasurer Roberto Tan.
Read MoreFinance Secretary Carlos Dominguez III swore in Wednesday afternoon lawyer Emilio Aquino as commissioner of the Securities and Exchange Commission (SEC), replacing Manuel Gaite whose term expired this year.
Read MoreOfficials from the United Kingdom said trade and investments with the Philippines continue to increase despite Britain’s move to leave the European Union, with Brexit seen more as an opportunity rather than a risk by investors.
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