The Philippines is sending a clear message to the world that it is open for business with the signing of the Implementing Rules and Regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act. Following...
The Bureau of Customs (BOC), the government's second largest tax agency, has failed to achieve its 2024 revenue target of ₱939.6 billion, only collecting ₱931.05 billion last year. While its 2024 revenues exceeded the ₱883.21 billion in 2023, the country's second-biggest tax-collection agency...
Finance Secretary Ralph G. Recto believes e-wallet giant GCash could stage a record initial public offering (IPO) even without regulatory relief from the mandated 20-percent public float. Recto, the government’s chief economic manager who also oversees the Securities and Exchange Commission...
President Marcos' chief economic manager is optimistic that joblessness this year will be even lower than the administration's 2025 goal, following last year's two-decade low unemployment rate. Department of Finance (DOF) Secretary Ralph G. Recto confirmed to Manila Bulletin on Friday, Feb. 7, that...
President Marcos’ chief economic manager stated that low and steady inflation in January gives the central bank room to cut key borrowing costs further to spur economic growth. “This is a strong indicator of the government’s commitment to keeping prices stable and signals that the BSP...
International investors on artificial intelligence (AI) have flocked over the Philippines following President Marcos’ chief economic manager’s statement on the country’s strategic advantages, which make it an ideal partner in the future economy. During the four-day World Economic Forum...
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)...
Amid escalating trade tensions between the giant strategic rivals, the U.S. and China, President Marcos’ chief economic manager remains optimistic about the Philippines’ economic prospects under the Trump 2.0 administration. “We’re optimistic under a Trump presidency. You have a...
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....
