Unconditional cash transfers (UCTs) amounting to P2,400 for 2018 will be distributed within the first quarter to some 7.4 million households, comprising the 4.4 million existing beneficiaries under the Pantawid Pamilyang Pilipino Program (4Ps) and 3 million indigent senior citizens already receiving social pensions, according to the Department of Finance (DOF).
Read MoreThe destruction of seized Mighty cigarettes bearing counterfeit tax stamps that began in December 2017 is still ongoing and is expected to be completed in the first week of March 2018 owing to the extremely large volume of the illegal stocks confiscated by the Bureaus of Internal Revenue (BIR) and of Customs (BOC) last year, according to the Department of Finance (DOF).
Read MoreThe Tax Reform for Acceleration and Inclusion Act (TRAIN) will set the staging ground to rescue 21 million Filipinos from poverty in the long run because additional revenues from this law will allow government to spend more on health, education and other social services that will provide opportunities for prosperity to all Filipinos, according to the Department of Finance (DOF).
Read MoreFinance Secretary Carlos Dominguez III has underscored the need for the Asian Development Bank (ADB) to “reinvent” itself by pursuing new development programs to spell wider economic inclusion across the Asia-Pacific after helping transform the region into the “center of gravity” of the global economy.
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