Finance

Congress holds bicam on 2018 budget

MANILA -- Members of both chambers of Congress on Thursday conducted a bicameral conference to reconcile the differences between their respective versions of the proposed PHP3.767-trillion national budget for 2018. The bicameral...

IFC urges PH to pass measures to hike access to MSMEs

MANILA -- The World Bank's corporate arm, the International Finance Corp. (IFC), has urged the Philippines to prioritize the passage of legislation that will increase access to finance micro, small and...

S. Cotabato to set up economic enterprises office

GENERAL SANTOS CITY -- The provincial government of South Cotabato is set to create a new office that will develop and manage the operations of the province’s economic enterprises. Gov. Daisy Avance-Fuentes...

Estate tax tops proposed tax amnesty program: DOF

MANILA -- Any tax amnesty measure of the Duterte government, eyed for implementation in 2018, will start with estate taxes. Department of Finance (DOF) Secretary Carlos Dominguez III said he agrees with Budget...

SBMA takes over computer school for failure to pay obligations

SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority (SBMA) on Saturday (Nov. 25) peacefully took control over a secondary and tertiary school here after it failed to settle its financial obligation to...

BSP need not mirror Fed decisions: Espenilla

MANILA -- The Bangko Sentral ng Pilipinas (BSP) need not follow what the Federal Reserve does since these central banks have different factors to consider in implementing their monetary policies, BSP...

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