PMO remits P554.4-M to BTr in 1st 9 months of 2017

The disposition of state properties for privatization along with cash dividends and other forms of revenue raised from still unsold government assets generated a total of P554.442 million in the…

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First batch of P142-M seized cigarettes destroyed in Davao

National government officials led over the weekend the destruction of the first batch of close to five million packs of cigarettes worth an estimated P142.44 million, all bearing the brands…

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DOF expects fuel marking system in place by 2nd semester 2018

The Department of Finance (DOF) expects the fuel marking and monitoring system mandated under the proposed tax reform law to be in place by the second half of 2018 as…

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Dominguez cites need for financial inclusion of 86% ‘unbanked’ Filipinos

Finance Secretary Carlos Dominguez III has stressed the primacy of continuously introducing technological innovations to the country’s banking system as a way to bring 86 percent of “unbanked” Filipinos to…

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DOF cuts creditable withholding tax on gold sales to 1 percent

Finance Secretary Carlos Dominguez III has signed a new set of Revenue Regulations (RR) reducing the creditable withholding tax (CWT) on gold sales from 5 to 1 percent, a move…

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World Bank lauds PHL’s advanced efforts in disaster risk financing

The World Bank has commended the Philippines for being among the world’s advanced economies in terms of developing viable solutions for disaster risk financing, according to the Department of Finance…

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ASEAN integration, China Belt & Road plan to shape future of Asian Century

Finance Secretary Carlos Dominguez III has cited the looming economic integration of the member-states of the Association of Southeast Asian Nations (ASEAN) plus China’s plan to invest heavily in its…

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New OFB bank to cover all overseas Filipinos

Finance Secretary Carlos Dominguez III has welcomed Malacanang’s approval of the acquisition by the Land Bank of the Philippines of the Philippine Postal Savings Bank (PPSB), which, he said, will…

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