The Duterte administration’s proposed Comprehensive Tax Reform Program (CTRP) is crucial to strengthening the Philippines’ weak infrastructure backbone that constrains economic inclusion and prevents the country from catching up with…
Secretary Carlos Dominguez III of the Department of Finance (DOF) has signed a new set of revenue regulations providing relief to taxpayer-claimants whose value-added tax (VAT) credit or refund claims…
Manila and Beijing are speeding up the implementation of several agreements forged last year between the two countries, including the establishment of drug rehabilitation facilities and the acquisition of law…
The Duterte administration is exploring hybrid financing arrangements that will combine development aid and loans in raising more funds for its big-ticket infrastructure projects while keeping down borrowing costs, Finance…
Three large-scale infrastructure projects have been presented by Manila to Beijing for possible loan financing, while nine others were submitted for feasibility study support during the just-concluded economic mission to…
The proposed adjustments to the oil excise tax under the tax reform bill aim to stop subsidies on the fuel consumption of rich households and channel instead such would-be savings…
Finance Secretary Carlos Dominguez III said the country’s Gross Domestic Product (GDP) expansion of 6.8 percent in 2016 points to a domestic economy in “pretty good shape” and well on…
A total of 64 big-ticket projects ranging from major road networks, railway systems and bus rapid transit systems to airport and seaport modernization are either for implementation or in the…
Finance Secretary Carlos Dominguez III said Bureau of Internal Revenue (BIR) Commissioner Caesar Dulay did the “right thing” in ordering an investigation into the alleged use by certain tobacco manufacturers…
BEIJING—A Philippine delegation led by Finance Secretary Carlos Dominguez III has submitted a total of 40 “large and small” infrastructure projects to China for possible loan financing and assistance in…
