The Department of Finance (DOF) has uncovered a lease contract with onerous terms between Chevron Philippines (formerly Caltex Philippines) and a subsidiary of the National Development Co. (NDC) that allowed…
Real estate investment trust (REIT) companies are set for takeoff in the Philippines as the government finally releases regulations that include ownership and taxation requirements that will spur additional investment…
A new set of amended rules and regulations for companies enticing Filipinos to buy into their ventures via the Real Estate Investment Trust (REIT) law will ensure that whatever fresh…
The Duterte administration’s implementation of reforms to improve the country’s business climate bore fruit in 2019 with the Philippines’ polevault to 95th place in the latest World Bank's Ease of…
Finance Secretary Carlos Dominguez III has lauded outgoing President Takehiko Nakao for his leadership at the helm of the Asian Development Bank (ADB) that has enabled the institution to carry…
Finance Secretary Carlos Dominguez III has expressed confidence that the Congress could pass this year the remaining packages of the comprehensive tax reform program (CTRP), which he considers not only…
Government made history in 2019 when on its watch, excise taxes on tobacco products were raised twice under one administration, and a new set of 'sin' taxes on electronic cigarettes…
An estimated P1.4 trillion of infrastructure and development projects in the pipeline and game-changing reforms that will ensure a resilient economy long into the future make up President Duterte’s legacy…
Secretary Carlos Dominguez III has congratulated his fellow workers in the Department of Finance (DOF) and its attached agencies for a “good job” done last year, which has led to…
The Duterte administration overcame one of its biggest challenges in 2019—an economy hobbled by a combination of the delayed congressional approval of the year’s national budget and global trade tensions—through…
