Dominguez sees 2019 growth of 6 percent

Finance Secretary Carlos Dominguez III remains optimistic that full-year economic expansion could hit the lower band of the official growth forecast of 6-7 percent as the domestic economy grew 6.2…

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PHL welcomes Japan’s pledge on technical aid for Subic masterplan

The Philippines has expressed its deep appreciation to the government of Japan for its commitment to provide technical assistance in crafting a master plan for the regional development of the…

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New Clark City is Tax Academy’s future home

The future main campus of the Philippine Tax Academy (PTA) will rise on a portion of a 10-hectare lot just outside the proposed National Government Administrative Center in New Clark…

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DOF supports Sen. Cayetano call for higher alcohol taxes

The Department of Finance (DOF) has expressed its full support for the higher alcohol excise tax rates contained in Senate Bill (SB) No. 1074, which was sponsored in plenary by…

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Malpass cites digitalization opportunities to expand PHL financial inclusion

WASHINGTON DC—The World Bank is encouraging innovations using digital technology to expand financial inclusion in the Philippines, the head of this multilateral institution said. In a meeting with Finance Secretary…

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Dominguez open to proposed sovereign wealth tax on mining

Finance Secretary Carlos Dominguez III has described as a “good idea” a congressional proposal to impose an additional tax on mining, the proceeds of which will be placed in a…

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PHL, China ink 6 bilateral accords

The governments of the Philippines and the People’s Republic of China have signed and exchanged six bilateral documents on the feasibility studies for two big-ticket projects under President Duterte's centerpiece…

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