P900-billion of goods smuggled in 2011-15 – study
SMUGGLED GOODS worth as much as P900 billion entered the Philippines in a span of five years, a study by the University of Asia...
MCC upholds Philippines’ eligibility for aid
THE PHILIPPINES’ eligibility to receive grants from the United States through the Millennium Challenge Corp. (MCC) has been upheld, a move welcomed by Finance...
Constitutional amendments needed to boost FDI
THE GOVERNMENT needs to amend the constitution to open up industries currently restricted from foreign participation, to unleash the economy’s full growth potential, economists...
Mondelez calls P10/liter sugar tax ‘unfair’
SNACK COMPANY Mondelez has expressed “serious concerns” about the government’s proposed P10 per liter tax on sugar-sweetened beverages, calling the proposal premature and unfair.
“As...
Senate committee approves Foreign Affairs budget, presses Justice dep’t on killings
THE Senate Committee on Finance postponed the approval of the proposed 2018 budget of the Department of Justice (DoJ) of P17.276 billion after failing...
VAT loopholes seen dampening tax effort
TAX HOLIDAYS susceptible to abuse, particularly those involving value-added tax (VAT), are to blame for weak tax collection efforts in previous years, a government...
Budget department tells Senate it sees relative debt decline to continue
A LOWER SHARE of debt relative to the 2018 budget will allow the government more fiscal space to back projects that are “more productive,”...
Singapore investors told Marawi crisis contained, expected to end soon
FINANCE Secretary Carlos G. Dominguez III assured potential investors in Singapore that the Marawi City occupation will end soon, after fighting in the southern...
DPWH vetting C3 elevated expressway proposal
DEPARTMENT of Public Works and Highways (DPWH) Secretary Mark A. Villar said the agency is studying the unsolicited proposal of AC Infrastructure Holdings Corp....
Employment of PWDs
Larissa C. Dalistan-Levosada
Republic Act (RA) No. 10524, An Act Expanding the Positions Reserved for PWDs, amending for the purpose RA No.7277 (Magna Carta for Persons with...
Higher metals prices boost value of PHL output
THE Mines and Geosciences Bureau said the value of metals produced in the first half rose 4.27% from a year earlier, after miners obtained...
Finance dep’t views over 7% growth in second-quarter GDP as ‘possible’
THE Department of Finance said economic growth of over 7% in the second quarter is possible on the back of the double-digit rise in...