Political uncertainty in the Philippines could intensify as former President Rodrigo Duterte’s influence on voters grows, potentially diverting attention from tax reforms and the proposed ₱200 wage increase. According to the Netherlands-based financial giant ING, midterm elections usually have...
With a renewed focus on inclusivity, innovation, and quality education, the Department of Education (DepEd) looks ahead to 2025 with optimism and a commitment to further enhancing the learning experience across the country. (DepEd / MB VIsual Content Group) In his New Year's message released on...
The Philippines needs to keep pursuing tax reform measures pending in Congress en route to its plan to narrow its yawning budget deficit, according to the World Bank. In its Philippines Monthly Economic Developments report for October 2024, the World Bank noted that the fiscal deficit as a share of...
The Department of Finance (DOF) said that the US Department of the Treasury has vowed to support the country’s efforts to strengthen its tax and customs administration system. The DOF said the commitment was made by US Treasury Undersecretary Jay C. Shambaugh and other senior officials during a...
Public funds will serve its purpose under the new roadmap the government has put in place, President Marcos said. In receiving the Public Financial Management (PFM) Reforms Roadmap 2024-2028, Marcos has assured the public through the roadmap, public funds will be used to expand social services,...
The Department of Education (DepEd) can successfully implement the National Learning Recovery Program (NLRP) but it has to address the lack of consolidated data first in assessing learners’ competencies and foundational skills before going further, Senator Maria Lourdes Nancy Binay said on...
Department of Finance (DOF) Secretary Ralph G. Recto on Wednesday revealed that they are no longer pursuing the tax reform on junk food and sweetened beverages due to a higher inflationary environment In a joint press conference with the Bureau of Customs and the Bureau of Internal Revenue, Recto...
President Marcos’ newly appointed finance secretary, Ralph G. Recto, said he would ensure that the Maharlika Investment Fund (MIF) will “operate in fidelity with the law and fulfill its intended objectives.” The MIF, which is the country’s first wealth fund, is managed by the Maharlika...
President Marcos said the government is looking to revisit the economic provisions of the 1987 Constitution and other laws to make the Philippines more investment-friendly. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) In a media interview, Marcos pointed out that the existing economic...
Senator Manuel “Lito” Lapid has filed a bill seeking to increase the authorized campaign expenses of candidates in national and local elections. In filing Senate Bill No. 2460, which seeks to amend Republic Act No. 7166, otherwise known as the "Synchronized National and Local...
The government plans to impose new and revised taxes to generate nearly P500 billion over the next three years, data from the Department of Finance (DOF) showed. Based on the DOF list of revenue measures submitted to Congress, the government has proposed eight tax initiatives that, once approved,...
A “reorganization bill” is being drafted to restructure the Department of National Defense (DND), Defense Secretary Gilberto Teodoro Jr. revealed Monday, July 24. Teodoro said the DND will help in crafting the bill and he hopes they can find a sponsor for the legislation after the opening...
