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Finance dep’t seeks support from economists for pushing second tax reform...

THE DEPARTMENT of Finance (DoF) is seeking the support of local and international economists from the academe, private sector, government and international organizations, for...

Government plans to raise up to P40 billion from Marawi bond...

THE DEPARTMENT of Finance (DoF) is eyeing to float about P40 billion worth of bonds for the five-year rehabilitation of Marawi city. Finance Secretary Carlos...

Moody’s expects sovereign green bond issuance to accelerate

By Cathy Rose A. Garcia, Associate Editor Sovereign green bond issuance is seen to pick up pace, as governments promote sustainable policy agendas and encourage...

DoF says SC ruling on LGU revenue share not final

THE Finance department will await a final decision from the Supreme Court on local government units’ (LGUs) “just share” of national government revenue before it makes a decision on filing a motion for reconsideration.

Government rejects all tenders for reissued 10-year Treasury bonds

The government decided to reject all bids on the reissued 10-year Treasury bonds (T-bonds) it offered on Tuesday, July 3, as investors demanded higher...

Construction of 10 big-ticket infrastructure projects to start within the year...

CONSTRUCTION WORKS for 10 of the 75 key large-scale infrastructure projects of the Duterte administration are set to begin in the latter half of...

Banks see strong demand for PHL ‘samurai’ bonds

TOP JAPANESE banks have expressed their interest in participating in the Philippines’ return to the yen debt market following a meeting with the Finance department in Tokyo.

BoP, current account pressures persist

THE BANGKO SENTRAL ng Pilipinas (BSP) expects the country’s external payments position to settle at a wider deficit this year under the pressure of more imports but propped up by service-related inflows and the entry of more foreign capital.

Finance dep’t eyes April 2019 for tax amnesty

THE GOVERNMENT is looking at offering its planned one-time tax amnesty program in April next year, coinciding with the deadline for filing income tax returns, the Department of Finance (DoF) said.

Treasury bills rates expected to move sideways

YIELDS ON Treasury bills (T-bills) on offer today are seen to move sideways, after the government’s offering of retail bonds attracted strong demand last week.

Did Sun Life just create a Tinder for financial advice?

Except you get financial rewards—not a string of regrettable dates.

DoF sees May inflation at 4.9%

INFLATION likely accelerated year-on-year, the Department of Finance (DoF) said, but the rise in prices on a monthly basis continued to moderate. In an economic...

Fiscal deficit widens in first four months

THE GOVERNMENT saw its fiscal deficit grow nearly four times as much in the January-April period, but is still lower than what the government...

First-quarter tax collections hit fresh record high

The government's tax effort saw a substantial improvement relative to the Philippine economy in the first quarter, with collections hitting a fresh record high,...

BSP creates fourth unit as part of reorganization plan

The Bangko Sentral ng Pilipinas (BSP) will introduce a new unit to be headed by a third deputy governor as part of its reorganization...

Rattled emerging markets say: It’s over to you, central bankers

It may all come down to the discipline of central banks to determine where emerging markets are headed after another tumultuous week. A JPMorgan Chase...

Government eyes September or October for first samurai bond issue

THE Duterte government eyes to issue its first yen-denominated securities by September or October, the Department of Finance (DoF) said. Finance Secretary Carlos G. Dominguez...

Finance sees March inflation at 4.1%

THE DEPARTMENT of Finance (DoF) expects inflation to have peaked at 4.1% in March from 3.9% in February due to upticks in prices of...

Excise tax collections exceed January-February goal

EXCISE TAX collections rose 74.23% in the first two months of the year driven by "sin taxes" after higher levies were imposed this year,...

Growth in money supply quickens in February

Growth in money supply picked up in February as bank lending grew by nearly a fifth, the Bangko Sentral ng Pilipinas (BSP) reported on...

DoF expects remaining tax reform packages approved this year

THE DEPARTMENT of Finance (DoF) is confident that Congress will stick to the planned 2018 approval of all of its succeeding tax reform proposals,...

Budget surplus widens in January

The government posted a wider budget surplus in January, the Bureau of the Treasury reported Friday, March 23, as revenues surged to outpace public...

Philippines’ first panda bond sale receives ‘overwhelming demand’

THE GOVERNMENT raised 1.46 billion renminbi (RMB), or about $230 million, on Tuesday, March 20, from its maiden "panda" bond offer, receiving an "overwhelming...

Finance chief seeks ‘total clarity’ in Bangsamoro fiscal policy

Department of Finance (DoF) Secretary Carlos G. Dominguez III said that the legislators should be clear in crafting the provisions of the Bangsamoro Basic...

Excise tax collections surge 82% in January

Excise tax collections surged in January to hit nearly double from a year ago as the new tax law kicked in, boosted by new...

Fed resists upgrading long-run growth outlook after tax cuts

Federal Reserve officials are showing surprise at just how much the recently-enacted tax cuts are boosting the U.S. economy. But they’re still not impressed...

Deutsche Bank slashes up to 500 investment banking jobs: report

Berlin -- Germany's biggest lender Deutsche Bank is letting hundreds of investment bankers go, Bloomberg News reported Monday, the latest round of deep cuts...

Government debt at 36.4% of GDP

The country’s ratio of General Government (GG) Debt to the Gross Domestic Product (GDP) stood at 36.4% as of end-June 2017, slightly up from...

DoF cautious on firms’ income tax cut

By Elijah Joseph C. Tubayan Reporter THE DEPARTMENT of Finance (DoF) will ensure that state coffers will not suffer unduly as it seeks to give the...

Economists say hawkish-tilting Fed could move rates quicker

WASHINGTON -- The Federal Reserve likely will leave the benchmark US interest rate untouched this week, but economists say the changing composition of the...

DoF chief flags ‘potential nightmare’ in federalism

By Elijah Joseph C. Tubayan Reporter THE SHIFT to a federal form of government could be a “nightmare” for the Philippines, particularly in the fiscal policy...

Tax reform to support SSS contribution hike

THE COUNTRY’S Budget chief said it is high time to raise the contribution rates of Social Security System (SSS) members as they could easily...

BSP eyes third tenor for term deposit offerings

THE CENTRAL BANK is looking to introduce a new tenor for its weekly term deposit auctions, a senior official said, at a time of...

Goldman sees cryptocurrencies, credit shadowing robust 2018 US economy

FINANCIAL IMBALANCES including those in credit markets and cryptocurrencies will shadow an otherwise robust 2018 US economy, said Goldman Sachs Group, Inc. economist Jan...

Seven-day term deposits attract higher demand

By Melissa Luz T. Lopez, Senior Reporter LENDERS opted to place more funds under the central bank’s term deposit facility (TDF) this week, driving yields lower...

Nonperforming loans of thrift banks climb at end-Oct.

BAD DEBTS held by thrift banks picked up by nearly a tenth as of October, although slower than the growth in total loans extended...

Strong demand boosts yields on 7-day deposits

By Melissa Luz T. Lopez, Senior Reporter YIELDS on week-long term deposits dropped yesterday amid strong demand as the central bank decided to stop offering month-long...

DoF to set up the Philippine Tax Academy in Visayas, Mindanao

THE DEPARTMENT of Finance (DoF) is planning to put up regional campuses of its Philippine Tax Academy (PTA) in the Visayas and Mindanao.   In a...

Money supply growth picks up slightly in Oct.

MONEY circulating in the economy grew faster in October despite a slight slowdown in bank lending, the Bangko Sentral ng Pilipinas (BSP) said yesterday. Domestic...

PHL economy poised to sustain growth momentum

By Melissa Luz T. Lopez, Senior Reporter THE Philippine economy will maintain an above-6% expansion in 2018 supported by “broad-based” growth drivers, a local think...

Banks told to craft cyber risk management strategies

BANKS must craft new strategies on information security to manage, detect, and respond to cyber-attacks which could bog down operations, as part of tighter...

BSP net income falls on lower fee-based revenues

By Melissa Luz T. Lopez, Senior Reporter THE CENTRAL BANK’S operations remained profitable as of end-September, although net income slipped from a year ago on the...

Indonesia’s Finance chief says no stigma in China links

JAKARTA -- Indonesia is open to all foreign investment and any stigma attached to China is likely driven by a lack of information or...

PPP to continue to take back seat to state funding —...

NOTWITHSTANDING calls by Philippine and foreign business groups for the government to put public-private partnership (PPP) arrangements back at the forefront of its infrastructure...

Taxmen hone focus on select goods amid anti-smuggling drive

THE GOVERNMENT has ordered taxmen “to train their sights” on certain commodities as it steps up its crackdown on big-time smugglers, the Department of...