PHL to test panda market for $200 million in March
The proposal to sell renminbi-denominated bonds in China pushes through next month following regulatory approvals from Chinese authorities, the Department of Finance said last Friday.
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The proposal to sell renminbi-denominated bonds in China pushes through next month following regulatory approvals from Chinese authorities, the Department of Finance said last Friday.
The Home Development Mutual Fund (Pag-IBIG Fund) has reported a record-breaking performance for 2017, with its gross income totaling P43.3 billion, or a 13 percent increase from the P38.2 billion in 2016.
The Bureau of Customs (BOC) has expressed optimism that the agency can hit its collection goal for this year amounting to P598 billion on the back of continuous reforms it is implementing.
Prospects of higher credit costs as early as this week aggravated by rapid and unnerving developments in the equities markets, including the Philippines, compelled Treasury officials on Tuesday to reject all offers on P20 billion worth of Treasury bonds (T-bonds).
A lawmaker has expressed optimism that the second package of the Comprehensive Tax Reform Program (CTRP) will be filed with the House Committee on Ways and Means within the month.
The Department of Finance (DOF) said the Philippines needs to catch up with developments in the digital space, starting with modernizing its physical infrastructure and adapt to the changing needs of the global economy.
The Social Security Commission (SSC) said the proposed three-percentage-point increase in the monthly contribution rates for its members planned for this year will level the difference in the contribution rates of the Social Security System (SSS) and the Government Service Insurance System (GSIS).
Core government debt or obligations contracted by the national government as percent of local output or the GDP marginally rose in the final three months of last year and likely to keep expanding from this point forward, according to the Department of Finance (DOF).
The Philippine Life Insurance Association (Plia) looks forward to double-digit industry growth this year on the back of the country’s strong macroeconomic fundamentals.
The Department of Budget and Management (DBM) of the Philippines bested all others in Asia in terms of budget transparency in 2017 under the Open Budget Survey (OBS) done by the International Budget Partnership (IBP).
MAXICARE Healthcare Corp. (Maxicare) is banking on its partnership with Professional Services Inc. (PSI), owner and operator of The Medical City (TMC), for business growth.
THE Department of Finance (DOF) has moved back the submission of its proposed Comprehensive Tax Reform Program (CTRP) Package 2 Plus by another two weeks in February, according to Finance Secretary Carlos G. Dominguez III.
THE Social Security System (SSS) expects higher revenues and longer life if it increases the amount of money it collects from members and the amount charged against their salary to avail themselves of benefits.
The Bureau of the Treasury (BTr) posted mixed results in the sale of Treasury Bills (T-bills) on Monday when it partially awarded a total of P16.5 billion instead of the full P20-billion lot. Officials said the government securities eligible dealers (GSEDs) still held back from pouncing on the full offer as they try to second-guess the US Federal Open Market Committee (FOMC) and President Donald J. Trump when he delivers the State of the Union Address of the United States.
Department of Finance (DOF) officials are to meet with Alibaba Group founder Jack Ma in Hangzhou, China, on February 1, to explore innovations in digital commerce seen helping the country’s micro, small and medium enterprises (MSMEs).
The Insurance Commission (IC) last Friday acknowledged that local insurers have some of the highest capital requirements in the Association of Southeast Asian Nations and agreed to reevaluate the mandate for the industry to observe a progressively higher minimum base.
THE link between actual and potential tax collection, also known as the tax effort, significantly improved in 2017 to 11.26 percent, from only 10.8 percent the year before, the Bureau of Internal Revenue (BIR) said on Thursday.
A simple traffic-accident investigation report issued by competent authority and made in the absence of a police report should be enough to process damage claims in road accidents, the Insurance Commission (IC) said on Wednesday.
The Bureau of the Treasury (BTr) loathed seeing the three-year bond rate widen by as much as 26 basis points on Tuesday and sold only a portion of the P20 billion worth of Treasury bonds it originally expected from the various government securities eligible dealers (GSEDs) at the auction.
The Insurance Commission (IC) has permitted the use of mobile phones as distribution channels for insurance products.
Planbank Rural Bank of Canlubang Planters Inc. (Planbank) is looking to boost financial support for the local small and medium enterprises (SMEs) in San Pablo City, Laguna, that will enable businesses in the area to expand further and develop.
There is a need to streamline the institutional framework for granting tax incentives such that all 14 investment promotion agencies (IPAs) at present observe a single menu of incentives rather than a diverse, confusing and noncomplementing set of rules, the Department of Finance (DOF) said last Friday.
From the original estimate of P7 trillion, the cost of taking over the military pension system by the Government Service Insurance System (GSIS) has gone up to as high as P9 trillion, according to latest numbers crunching by the Department of Budget and Management (DBM).
The Department of Finance (DOF) said the launch of the Overseas Filipinos Bank (OFB) on Thursday was in fulfillment of a campaign promise of President Duterte to the Filipinos.
THE Department of Budget and Management (DBM) will commission a study by 2019 to benchmark the salaries of public-school teachers and other government employees.
The Department of Finance (DOF) on Wednesday said the government is set to sign the agreement on the first tranche of the Japanese funding for the Metro Manila Subway Project in the first quarter of the year.
The Department of Finance (DOF) has formally submitted to the House of Representatives on Monday the second package of the Duterte administration’s Comprehensive Tax Reform Program (CTRP) that aims to reduce corporate income tax (CIT) rates and “modernize” fiscal incentives.
The Department of Finance (DOF) is confident the collection targets of the bureaus of Internal Revenue (BIR) and Customs (BOC) this year will be hit on the basis of last year’s improved agency performance.
The Tax Management Association of the Philippines (TMAP) has expressed its support for Package 2 of the government’s Comprehensive Tax Reform Program (CTRP), as the lowering of corporate income-tax (CIT) rates will enable the Philippines to become more competitive.
The abrupt manner by which Malacañang asked those owing the various government-owned and -controlled corporations (GOCCs) dividends allowed the Bureau of the Treasury (BTr) to report yet another banner year in 2017.
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