Senior Netflix officials support the bill on 12 percent value-added tax (VAT) for foreign digital service providers, citing it would level the playing field between local and international digital service providers, according to the Department of Finance (DOF). According to a Facebook post on...
President Marcos' chief economic manager said that his directive to remit unused funds from government-owned and controlled corporations (GOCCs) is prudent to improve resource management and minimize reliance on additional borrowing. In a recent radio interview, Finance Secretary Ralph G. Recto...
The Department of Finance (DOF) announced that the government's two main tax agencies have already achieved over half of their full-year collection target in just the first seven months of the year, primarily fueled by digitalization efforts. Tax revenues from the Bureau of Internal Revenue (BIR)...
Senator Sherwin Gatchalian on Sunday, August 18 said it is imperative for lawmakers to scrutinize carefully the additional subsidy being asked by the Philippine Health Insurance Corp. (PhilHealth). PhilHealth, the senator noted, is asking an additional subsidy of P70-billion for 2025...
Current political issues in the Philippines are not affecting the performance of the country's economy, an official of the Department of Finance (DOF) assured the public. Finance Undersecretary Domini Velasquez said investor confidence has not waned despite the growing noise in the political arena....
A few months before reaching the midpoint of his six-year term, President Marcos ensured that the government was doing everything so every Filipino would benefit from the country's improving economy. File photos/Arnold Quizol Marcos said this after the Japan-based Rating and Investment Information,...
(MANILA BULLETIN) Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera is calling for greater transparency and timely reporting on the management of earmarked revenues for the proposed national budget for 2025. This, as Herrera raised the alarm on the...
Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year. During a Senate committee hearing with the country’s economic managers, Recto confirmed that...
State economic managers should find time to consolidate the Marcos administration’s economic strategy and be cohesive about it, Senate Deputy Minority leader Risa Hontiveros said. Hontiveros noted that the current plans of the Department of Finance (DOF), Department of Budget and...
The Marcos administration secured its first credit rating upgrade from Japan-based Rating and Investment Information, Inc. (R&I), the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 14, the DOF announced that the Japanese debt watcher raised the country’s credit...
The Department of Finance (DOF) is exploring the possibility of the Philippines joining the BRICS bloc, a coalition of emerging economies, including China and Russia, that seeks to counterbalance the influence of the United States and the West. During the Senate Finance Committee hearing on the...
Department of Finance (DOF) Secretary Ralph G. Recto said the government will work on collecting tax revenues to match the economic growth relative to the country's gross domestic product (GDP). During a Senate committee hearing, Recto said that the two main tax agencies should work hard to boost...
