President Duterte’s economic team undertook prompt and decisive measures to rein in inflation in 2018, resulting in a marked slowdown that experts say could lead to the domestic economy picking up steam next year.
Read MoreThe Foundation for Economic Freedom has given its full support to the proposed reforms in the property valuation system under the Duterte administration’s comprehensive tax reform program (CTRP) as these will help upgrade the financial self-sufficiency of local government units (LGUs).
Read MoreThe Philippine Tax Academy (PTA) will start offering an off-campus specialized study program on public finance along with online courses in 2019, the Department of Finance (DOF) said.
Read MoreFinance Secretary Carlos Dominguez III said agriculture will remain among the top concerns of the Duterte administration for the rest of its term to fulfill its goal of raising farm productivity and rural incomes and avoid a repeat of the supply problems in rice and other major food items that led to the elevated inflation rate in the second half of 2018.
Read MoreFinance Secretary Carlos Dominguez III has directed Department of Finance (DOF) officials involved in the implementation of the fuel marking and monitoring system, which is due for implementation early next year, to bring newly appointed Bureau of Customs (BOC) chief Rey Leonardo Guerrero up to speed on this new program designed to check oil smuggling that is costing the government an estimated P 27 billion to P44 billion in annual revenue losses.
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