Finance

PH on track to hit 2018 expenditure program

By Joann Villanueva/PNA MANILA -- The Philippine government exceeded by 2.6 percent its spending program target for the first three quarters of 2018, which made Budget and Management Secretary Benjamin Diokno more optimistic...

Rise in TDF rates sustained

By Joann Villanueva/PNA MANILA -- The rates of Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) continued to rise even while apprehensions generated by recent developments in the economic front, particularly overseas,...

Package 4 meant to fix taxation on financial, capital markets

By Joann Villanueva/PNA MANILA -- A ranking official of the Department of Finance (DOF) stressed that Package 4 of the proposed tax reform program is primarily intended to fix taxation on the financial...

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...

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