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Finance Secretary Ralph Recto, newly in his Cabinet role, aims to generate P4.3 trillion in revenue this year. The focus is on enhancing social services, generating jobs, and sustaining economic recovery despite the ongoing pandemic impact. The…
CEBU CITY, Philippines — The Cebu City Emergency Operations Center or EOC is recommending to Mayor Michael Rama a new set of guidelines for Business Process Outsourcing (BPO) for their return to work-on-site set-up. The BPOs are…
MANILA, Philippines — The Department of Finance (DOF) on Sunday reiterated that multilateral loans in the pipeline to buy COVID-19 vaccines only amounted to $1.2 billion or about P58.5 billion to date, contrary to a senator’s erroneous…
MANILA, Philippines — The Department of Finance (DOF) is seeking the return of some P33 billion “parked” in the coffers of the Philippine International Trading Corporation (PITC) to the national government. This was according to Senate Minority…
At least a dozen more loans worth a total of $4.02 billion (over P195 billion) will be secured by the Philippines this year and in 2021 to finance response to and recovery from the health and socioeconomic…
The Department of Finance (DOF) did not buckle to calls not to force online sellers to register with the Bureau of Internal Revenue (BIR) and pay taxes while the country is battling the new coronavirus disease (COVID-19)…
THE Commission on Higher Education (CHED) on Wednesday said it will ask the Department of Finance (DOF) to spare the free college education program from budget cuts due to the potential reduction of revenues from the impending…
Duterte’s tax reforms THE proposed revenue package of the Duterte administration —dubbed the Tax Reform for Acceleration and Inclusion Act (Train)—has gained “overwhelming support” both locally and abroad because of its provisions that will make the tax…
IT may be “premature” for the House of Representatives’ dangerous drugs committee to seek the replacement of the Bureau of Customs in response to the smuggling of P6.4-billion worth of shabu (crystal meth) in May. This was…
WITH only a few days before Christmas, Cebu City Councilor Dave Tumulak announced that selling firecrackers inside malls and other establishments is no longer allowed. Tumulak said that according to the Joint Memorandum Circular (JMC) No. 1,…
Good news for overseas Filipino workers sending home balikbayan boxes to their loved ones. The Bureau of Customs and the Department of Finance have signed the implementing rules and regulations (IRR) prescribing the guidelines on duty- and…
Days before leaving for Indonesia, Cebu City Mayor Michael Rama confirmed that the Department of Finance extended City Treasurer Diwa Cuevas’s tenure for another six months. “As of today Cuevas is our city treasurer,” Rama told reporters. …
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