Finance

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...

Gov’t agencies directed to support 51st ADB annual meeting

MANILA -- Malacanang has enjoined all appropriate government agencies to support the country’s hosting of the 51st annual meeting of the Asian Development Bank (ADB) Board of Governors set from May 3...

Filing of proposed sin tax reform moved to February

MANILA -- Officials of the Department of Finance (DOF) have postponed the submission of the proposed Package 2 plus, or reforms in the sin tax law, from end-January to mid-February as...

BSP conducts coin recirculation activity in Dumaguete

DUMAGUETE CITY -- The Bangko Sentral ng Pilipinas (BSP) in Dumaguete City, Negros Oriental on Monday reeled off with its two-day coin recirculation activity at the City Hall of this provincial...

DOF seeks overhaul of corporate tax system to correct inequities, improve compliance

The Department of Finance (DOF) is pushing reforms in the corporate income tax (CIT) system, including the lowering of the tax rates and the expansion of the functions of the Fiscal...

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