FOR MONDAY To combat rampant smuggling, the government will soon implement a new digital trade protection system designed to significantly reduce illicit trade. Department of Finance-led (DOF) committee on pre-border technical verification and cross-border electronic invoicing (CPTVCEI)...
Adding a touch of youthful energy to the Philippines' delegation at the World Economic Forum (WEF) in Davos, Lucio Tan III, grandson of Filipino tycoon Lucio Tan, joined government officials in courting global investors. Tan, the millennial president of the LT Group, was more than just a...
Filipinos, both at home and abroad, could soon acquire government properties as small as a 200-square-meter lot, as the guidelines for privatization are set to be published, allowing anyone interested to submit purchase offers. Speaking to reporters, Department of Finance (DOF) Secretary Ralph G....
Coinbase, a leading cryptocurrency exchange platform, is exploring expansion into the Philippines, according to the Department of Finance (DOF). In a Facebook post, the DOF stated that Finance Secretary Ralph Recto met with Coinbase co-founder and CEO Brian Armstrong during the World Economic Forum...
Locals of Laguna could enjoy additional protection from floods as the Philippines has already secured financing totaling $905.26 million (about P50.67 billion) from a Korean bank. During the World Economic Forum (WEF) in Davos-Klosters, Switzerland, Department of Finance (DOF) Secretary Ralph G....
Young Filipinos are investing in cryptocurrencies at a level comparable to the government's national budget, and this trend is likely to grow further with potentially supportive Trump policies. “In the Philippines, many Filipinos have already invested in cryptocurrency, with investments amounting...
While the Bureau of Internal Revenue (BIR) expressed optimism about repeating its historic beyond-target collection in 2025, achieving the double-digit growth target this year will be challenging for the Bureau of Customs (BOC), President Marcos’ chief economic manager said. Department of Finance...
Devastating calamities that have ravaged the Philippine archipelago caused a serious impact on the growth of the local economy, dragging the full-year growth away from the target, President Marcos’ chief economic manager said. “We probably did not hit our growth targets in 2024 because of...
Department of Finance (DOF) Secretary Ralph G. Recto assured that transferring P107.23 billion from the Philippine Deposit Insurance Corporation (PDIC) to the national treasury will not compromise its reserve fund. On Jan. 16, Wednesday, the finance chief asserted that the P107.23 billion was...
Local government units (LGUs) will be receiving a 35-percent share from the National Tax Allotment (NTA) by 2026, President Marcos’ chief economic manager said. During an informal press chat on Wednesday, Jan. 16, Finance Secretary Ralph G. Recto told reporters that come 2026, LGUs share...
The Department of Finance (DOF) faces the daunting task of generating P12.72 billion in revenue every single day to support the Marcos administration’s ambitious P6.326 trillion national budget for 2025. In a statement on Monday, Dec. 30, Finance Secretary Ralph G. Recto acknowledged the huge...
The Department of Finance (DOF) expects the Philippines to achieve a historic P606.6 billion in non-tax revenues for 2024, exceeding targets by more than 200 percent and surpassing the 2023 total by more than half. “Emerging non-tax revenues for the full year 2024 are expected to reach P606.6...
