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MANILA, Philippines — On Monday evening, the Senate ratified the bicameral committee report regarding the differing sections of Senate Bill No. 2449 and House Bill No. 8327, which outline proposed organizational changes within the Philippine National Police…
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. urged Congress to pass laws that are aimed at amending taxation in the country. He made this request during his second State of the Nation Address (Sona) on Monday.…
CEBU CITY— Former Finance Secretary Roberto De Ocampo favors the Tax Reform for Attracting Better and Higher-quality Opportunities (TRABAHO) bill, the second package under the administration’s comprehensive tax reform program (CTRP). “The thrust of the administration in…
EU finance ministers agreed reforms to better fight against a financial crisis on Tuesday that fell short of the original ambitions to relaunch Europe by French President Emmanuel Macron. The agreement between the EU’s 27 finance ministers,…
THE House of Representatives’ ways and means committee has approved “in principle” the proposed tax reform package “2 plus” of the Duterte administration, which aims to gradually lower the corporate income tax (CIT) while modernizing incentives for…
I was once an SK Chairman in one of the barangays of my hometown Baybay, Leyte. I learned a lot of things as a public servant, but I also witnessed how dirty politics is. I remember when…
New investment pledges in the manufacturing sector plunged last year to almost 50 percent due to the uncertainty brought by the tax reform law, top officials of the Philippine Economic Zone Authority (PEZA) said on Wednesday. New…
THE ripple effect is slowly happening. AS the oil prices increase in Metro Cebu, two business leaders and a labor organization are now anticipating the eventual increase in the prices of commodities as fuel is a…
The Duterte administration’s ambitious “Build, Build, Build” program might not be completed if Congress would not pass the proposed comprehensive tax reform program, Finance Secretary Carlos G. Dominguez III said. Dominguez told senators during the briefing on…
THE Duterte administration’s first tax reform package will shift the burden of taxation to the ultra-rich while easing it for the majority of the population, Finance Secretary Carlos G. Dominguez III said Wednesday. “The tax reform agenda…
MANILA — Finance Secretary Carlos G. Dominguez III reiterated on Wednesday that the Duterte administration’s planned infrastructure buildup would be funded mainly by revenue gains from comprehensive tax reform as well as local borrowings to avoid falling…
By the end of the year, all port entry transactions should be posted online in the website of the Bureau of Customs (BOC) to promote transparency. In his first visit at the Port of Cebu yesterday, newly…
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