Finance

CDO tops Mindanao cities in local revenue dependency

CAGAYAN DE ORO CITY—This city has topped other Mindanao cities in terms of local revenue dependency for 2016. According to a report released by the Bureau of Local Government Finance (BLGF), Cagayan...

DOF: New online trade facilitation system to cover rice, 6 other commodities by December

The government’s online trade facilitation platform that aims to minimize the costs of doing business and cut the processing time for import and export permits will initially cover rice and six...

DOF seeks US assistance in setting up tax academy

The Department of Finance (DOF) is seeking a possible grant from the United States in establishing the Philippines’ first tax academy, which will serve as a training institution that will provide...

PH continues to attract foreign firms: Lopez

MANILA -- The Philippines continues to attract foreign companies to explore opportunities in investing in the country, Department of Trade and Industry (DTI) Secretary Ramon Lopez said. In an interview, Lopez said a...

Peso seen to end 2017 at 51-level vs US dollar

MANILA -- An economist of ING Bank Manila foresees the Philippine peso to end 2017 at 51-level to a US dollar although defensive bias is seen in the coming weeks following...

Commissioner Lapena: BOC hits highest daily collection, first in history

The Bureau of Customs (BOC) posted more than P3 billion in collection for two consecutive days of the previous month based on the Financial Service’s preliminary collection report – a first...

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