Dominguez orders BOC, BIR to run after cigarette counterfeiters

Finance Secretary Carlos Dominguez III has directed the Bureaus of Customs (BOC) and of Internal Revenue (BIR) to track down manufacturers of counterfeit tobacco products and their possible cohorts in…

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Dominguez seeks stronger ASEAN customs cooperation with Russia

Finance Secretary Carlos Dominguez III has called for closer cooperation between the Russian Federation and the Association of Southeast Asian Nations (ASEAN) in the field of customs administration as a…

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DOF reviews implementation of common carriers tax

The Department of Finance (DOF) will review current revenue regulations on the common carriers tax imposed on international air and sea cargo vessels doing business in the Philippines to ensure…

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Dominguez assures transparency in infra projects

Finance Secretary Carlos Dominguez III has assured European businessmen that transparency will prevail as the Duterte administration fast-tracks its flagship infrastructure projects meant to link communities, enhance productivity and create…

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DOF keen on setting parameters right on 3rd telco selection

Secretary Carlos Dominguez III has said it is the priority of the Department of Finance (DOF) to have a selection process that will ensure that the third telecommunications player to…

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Eco reform advocacy group backs corporate tax reform

A public advocacy group with former finance officials, economists and leaders in the banking industry as members has expressed its full support for the proposal of the Department of Finance…

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Dominguez seeks WB-IFC assistance in digital Overseas Filipino Bank

Finance Secretary Carlos Dominguez III has asked the assistance of the International Finance Corp. (IFC), a sister organization of the World Bank, in helping set up a digital banking system…

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PHL, SoKor discuss $191-M projects as part of immediate ODA pipeline

SEOUL—The Philippines has discussed two infrastructure-related projects and a proposed revenue monitoring “infostructure” system in the pipeline with a total combined cost of $191 million for possible financing by South…

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PHL, KEXIM sign loan pact for Cebu Port Project

SEOUL—The Philippines and South Korea signed Monday (June 4, 2018) a $172.64 million loan agreement for the construction of a new international container port in Cebu that aims to free…

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Social mitigation measures in place vs inflation

The economic managers assured the public Tuesday that the government is fast-tracking the release of the unconditional cash transfers (UCTs) for the country’s poorest households, along with other social mitigation…

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