Construction company charged with tax evasion

The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against 515 BUILDERS CORPORATION (BUILDERS), its President WINSTON C. DY and Chief Fianancial Officer…

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BOC Heightens Monitoring of Plywood Importations

Alarmed by reports of alleged rampant smuggling of plywood from China, Customs Commissioner Ruffy Biazon has ordered the Bureau of Customs' (BOC) Intelligence Group under Deputy Commissioner Danilo Lim to…

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IPCS to Enhance BOC’s Revenue Collections

The Bureau of Customs (BOC) Integrated Philippine Computer System (IPCS) which is designed to overhaul the Bureau's existing information technology set-up to address the recurring problem of computer network slow…

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Biazon Orders Testing of Cancer Causing Korean Noodles

Customs Commissioner Ruffy Biazon has ordered all Bureau of Customs port officials to closely monitor the shipment of five (5) Korean brand noodles and to subject them to Food and…

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PDIC to auction 97 motor vehicles on November 16

NEWS/PRESS RELEASE: PR-122-12; Date of Release: November 9, 2012 The Philippine Deposit Insurance Corporation (PDIC) will dispose via public bidding on an “as-is, where-is” basis 97 vehicles of 16 closed…

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The Republic of the Philippines Issues New 10 Year Peso-Denominated Global Bonds

The Republic of the Philippines (the "Republic") successfully returned to the international capital markets with its offering of PHP30.8 billion (US$750 million-equivalent) of 10-year PHP Global Bonds. The newly-issued PHP…

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Reshuffle of DOF Senior Officials

Finance Undersecretary Rosalia de Leon took her oath today before Finance Secretary Cesar V. Purisima as the new Treasurer of the Philippines. De Leon has served as Undersecretary for the…

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