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...
President Ferdinand "Bongbong" Marcos Jr. has issued Executive Order (EO) No. 31, institutionalizing the Philippine Open Government System (PH-OGP), which would oversee and implement the country's commitments to the OGP. *File photos* The EO, signed by Executive Secretary Lucas Bersamin on June 20,...
Think tank Action for Economic Reforms (AER) has warned against the proposed measure in Congress seeking to grant the president the power to suspend Philippine Health Insurance Corp. (PhilHealth) premium hikes. In a statement, AER said Thursday, March 23, that giving the president the power to...
As the country and the Commission on Elections (Comelec) prepare for the Barangay and Sangguniang Kabataan (SK) polls this year, Vice President and Education Secretary Sara Duterte on Thursday, March 9, issued a reminder about electoral cheating and the importance of electoral reforms to ensure the...
WASHINGTON, United States -- President Joe Biden on Thursday said he hopes the death of Tyre Nichols after a police beating will spur Congress to enact police reforms, urging Black lawmakers to "keep at it." The Oval Office meeting between Biden and members of the Congressional Black Caucus took...
President Ferdinand "Bongbong" Marcos Jr. believes he can implement the necessary reforms and effect changes if he stays as the Department of Agriculture (DA) Secretary. President 'Bongbong' Marcos Jr. (RTVM / PTV Screenshot) Marcos said this as different parties continued to egg him to appoint a...
A survey may not give us 100 percent accuracy but it somehow provides a slice of the real picture. In the last election cycle, for example, surveys conducted by multiple organizations were always contested by different parties, except by those who stand to benefit. Whether you agree with these...
