Finance

Military pension fund OK’d in principle: DOF chief

MANILA -- President Rodrigo R. Duterte has approved the guidelines for creating a unit in the Government Service Insurance System (GSIS) that will manage the proposed pension fund for military personnel. “The President...

Diokno optimistic of further rise in gov’t spending

MANILA -- Budget and Management Secretary Benjamin Diokno is optimistic about further increase of government spending but sees the budget deficit will not hit the three percent of gross domestic product (GDP)...

DOF’s anti-corruption arm not exempt from sheriff fee: SC

MANILA -- The Supreme court has junked the plea of the Department of Finance-Revenue Integrity Protection Service (DOF-RIPS) seeking exemption from the payment of the amount of PHP1,000 for the Sheriff’s Trust...

‘Sin tax’ collection improves

MANILA -- Government's enhanced collection measures allowed for an increase in sin tax revenues within the first nine months of 2018, the Department of Finance (DOF) reported. Finance Undersecretary Antonette Tionko said excise...

BSP open to more foreign currency trading platforms

MANILA -- A ranking Bangko Sentral ng Pilipinas (BSP) official said monetary officials are open to the creation of additional Peso-foreign currency trading platforms to ease business transactions by skipping the use...

BSP open to more currency pair trading

MANILA -- A memorandum of understanding (MOU) for the ratification of renminbi trading in the Philippines is set to be signed next week and similar pacts for trading other currency pairs are...

Popular