The Department of Finance (DOF) and the Department of Trade and Industry (DTI) unequivocally express their strong objections to the 2019 World Bank Doing Business (DB) report, which shows a drop in the Philippines’ ranking by 11 notches from 113 (2018) to 124 (2019).
Read MoreThe Philippines is expected to “win a larger share” of China’s overseas investments reaching an estimated $120 billion combined with the signing of an agreement that would clear the way for the direct conversion of the respective currencies of the two countries under a soon-to-be formed Philippine Renminbi Trading Community (PRTC) and peso-renminbi spot market, Finance Secretary Carlos Dominguez III said.
Read MoreThe lifting of the quantitative restrictions (QR) on rice imports in favor of tariffs will bring several benefits to the economy, among them, slashing the retail price of the food staple by as much as P7 per kilo and helping free some 730,000 Filipinos from poverty, according to the Department of Finance (DOF).
Read MoreThe Philippines has maintained a “Largely Compliant” rating with internationally agreed standards on the Exchange of Information On Request (EOIR) following a peer review done by the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum).
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