P7.6 trillion debt reflects a decrease of P79.0 billion from end December 2013 figure As of March 2014, Outstanding Public Sector Debt was recorded at P7.6 trillion, equivalent to 64.3%…
Ratio improved 7 percentage points from 44.3% figure posted in 2009 As of June 2014, the General Government Debt stood at P4.5 trillion or 4.4% year-on-year up from June 2013…
Bureau of Customs (BOC) officials at the Ninoy Aquino International Airport (NAIA) seized a mail parcel from Africa which was declared as ‘letters and cards’ but actually contained over 600…
Bureau of Internal Revenue Commissioner Kim S. Jacinto-Henares was appointed by the United Nations (UN) Secretary General Ban Ki Moon as a member of the UN Committee of Experts on…
The Bureau of Internal Revenue (BIR) is reminding everyone that Section 112 of the National Internal Revenue Code, as amended (NIRC), governs the period relating to the processing of VAT…
Award earned for first ever transaction as an investment grade sovereign The Republic of the Philippines was awarded as the “Region’s Best Borrower” by FinanceAsia’s Fixed Income Research Poll 2014.…
Purisima: Investing on BRT system supports rapid and sustainable growth Finance Secretary Cesar V. Purisima signed the loan agreement for the World Bank’s Cebu Bus Rapid Transit (BRT) Project on…
A development policy loan agreement to boost fiscal sustainability and governance transparency amounting to USD 300 million has been signed between the Government of the Republic of the Philippines and…
Importing rice without the prerequisite import permit from the National Food Authority (NFA) prompted the Bureau of Customs (BOC) to file smuggling-related cases against representatives of Intercontinental Grains International Trading,…
January to September Fiscal Deficit at P31.1 billion October 2014 Manila, Philippines – The National Government (NG) ran a P5.2 billion fiscal deficit in September after posting a surplus in…
