Finance

PH eyes exclusion of export items from VAT payments

MANILA -- Finance officials are now considering a move to follow the international norm of not requiring value added tax (VAT) payments for items bought in the country but will be...

Insurance firm expands in Mindanao, assures stability

CAGAYAN DE ORO CITY – Amid the failure of several insurance companies to maintain higher net worth requirement, an international insurance firm has assured that it is financially stable and capable...

Economist eyes further PHP weakness after RRR cut

MANILA -- An economist of ING Bank Manila forecasts the Philippine peso to weaken following the cut in Philippines banks’ reserve requirement ratio, which the Bangko Sentral ng Pilipinas (BSP) announced Thursday. The...

Palace welcomes PH highest tax effort in 11 years

MANILA -- Malacañang on Tuesday welcomed the preliminary data of the Department of Finance (DOF) which showed that the country’s tax collections to gross domestic product (GDP) rose to 14.3 percent...

Chinese bizmen pour in P4-B investments in Cotabato

COTABATO CITY – Chinese investors are set to pour in some PhP4-billion worth of investments in this city this year with the inclusion of a modern airport, seaport, and sports complex...

Palace compels gov’t agencies to submit procurement funds report

MANILA -- Malacanang has compelled all government agencies to submit, “for monitoring and evaluation purposes”, their reports on funds transferred to the Department of Budget and Management-Procurement Service (DBM-PS). Executive Secretary Salvador Medialdea...

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