The state’s total credit guarantee portfolio amounted to P216 billion in 2019 following the consolidation of the finances of five state agencies performing guarantee functions into a single fund under…
Finance Secretary Carlos Dominguez III wants the Development Bank of the Philippines (DBP) to focus on improving its wholesale banking services and help finance big-ticket infrastructure projects, especially with the…
The Bangsamoro government has appointed six of its key executive and legislative officials as members of a fiscal policy body tasked to address revenue imbalances and fluctuations in the financial…
The Bureau of Internal Revenue (BIR) has filed a total of 347 complaints involving tax liabilities estimated to be worth P24.02 billion combined in 2019 before either the Department of…
The Bureau of Customs (BOC) has collected P1.71 billion in duties from rice imports by private traders under Republic Act (RA) No. 11203 or the Rice Tariffication Law (RTL) from…
The Power Sector Assets and Liabilities Management Corp. (PSALM) will continue its vigorous collection efforts to go after Independent Power Producer Administrators (IPPAs) with delinquent accounts totaling a whopping P33.62…
Excise tax collections from so-called ‘sin’ products now redefined to include sweetened beverages (SBs) have raised a total of P269.1 billion in revenues in 2019, which is almost double the…
The Department of Finance (DOF) has thanked the Senate ways and means committee led by its chairperson Sen. Pia Cayetano for keeping the proposed menu of superior tax incentives performance-based,…
Finance Secretary Carlos Dominguez III said Tuesday the sustained robust tax collections and vigorous implementation of administrative reforms by the Bureau of Internal Revenue (BIR) will help the country achieve…
The Land Bank of the Philippines (LandBank) has exceeded its target of providing agricultural credit worth P231.25 billion in 2019, having actually extended P236.31 billion in loans to the farm…
