Apart from Japan, the Philippine government is currently in talks with Singapore and Hong Kong to update existing double taxation agreements (DTAs) in a bid to attract more foreign direct investments (FDIs). During a roundtable discussion on June 16, Department of Finance (DOF) Secretary Frederick...
Driven by robust investor demand, the national government has upsized its latest foreign currency-denominated bond offering from $2 billion to a final $2.5 billion, officially completing the country’s external borrowing program for 2026. The Bureau of the Treasury (BTr) announced on Tuesday, June...
Citing the need to finance the country’s ₱6.793 trillion national budget for fiscal year (FY) 2026, the Philippines has returned to the global debt markets with a triple-tranche offering of United States (US) dollar-denominated global bonds. In a statement issued on Tuesday, June 16, the Bureau...
With the aim of generating quality jobs for Filipinos, the Philippine government is exploring ways to deepen its bilateral cooperation with Sweden in the energy, manufacturing, and digitalization sectors. During a high-level courtesy meeting with a visiting Swedish delegation, Department of Finance...
The Department of Finance (DOF) has begun negotiations with Switzerland-based SICPA SA for a proposed ₱13.44-billion fuel marking program extension beyond the expiration of the current contract in mid-2026, ensuring the continuation of a key anti-smuggling initiative that has been in place since...
The Philippines and the World Bank have signed an $18.85-million grant agreement to strengthen the country’s defenses against future pandemics, while the Washington-based multilateral lender also commended the satisfactory implementation of an ongoing agriculture modernization project. Documents...
State-run Land Bank of the Philippines will eliminate transaction fees for online government payments through the end of the year, a move aimed at easing consumer costs amid persistent global economic pressures and accelerating shift toward digital finance. In a statement on Monday, June 1,...
The updated Philippine–Japan tax treaty is expected to establish clearer and more predictable rules on the taxation of cross-border income, a development seen to benefit more than 245,000 overseas Filipinos (OFs) working and residing in Japan. “By providing clear and predictable rules on the...
Recurring payments from the sale of Nonoc Mining and Industrial Corp.’s assets injected more than ₱600 million into the national coffers in April, marking the highest single-month collection in the 11 months since May 2025. According to the latest data from the Bureau of the Treasury (BTr), the...
The Philippines will repay its new $600-million World Bank loan for education reform until 2055, while also securing a separate $24.5-million grant to support sustainable agriculture transformation, newly signed agreements between the government and the Washington-based multilateral lender showed....
The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
The Philippines and Japan are expected to sign a new double taxation convention (DTC) on the sidelines of President Ferdinand R. Marcos Jr.’s ongoing state visit to Tokyo. Manila Bulletin learned on Wednesday, May 27, that the Philippine-Japan DTC will possibly be signed before the end of the...
