Finance

DTI seeks P2-B budget for livelihood initiatives in Marawi

MANILA -- The Department of Trade and Industry (DTI) has sought about PHP2 billion to fund its initiatives to bring back livelihood activities in Marawi City and its nearby areas. DTI Undersecretary...

PH zonal land value eyed to be at par with int’l standards

MANILA  -- Zonal valuation of land in Philippines will be at par with international standards once lawmakers approve the third package of the Duterte administration’s tax reform program. “BIR (Bureau of Internal...

PHL seals two loan packages with ADB to help attain inclusive growth goal

The Philippines and the Asian Development Bank (ADB) signed Wednesday a loan agreement that aims to improve Mindanao’s links to international trade corridors and formalized the exchange of documents on sustaining...

DOF set to submit Package 2 of tax reform this January ’18

MANILA - - The Department of Finance (DOF) is set to submit within this month the proposed second package of tax reform program to ensure the incremental state revenues to be...

DOF sees 7 percent growth, manageable inflation in 2018

An economic expansion of at least 7 percent is doable this year with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law—the first package of the Comprehensive Tax...

BIR, BOC post strong revenues in 2017

MANILA - - Both the Bureau of the Internal Revenue (BIR) and the Bureau of Customs (BOC) posted double digit growth in their collections in 2017. Citing Bureau of the Treasury (BTr)...

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