Gov’t eyes scorecard for LGUs
A scorecard system for local government units (LGUs) will be institutionalized this year as administration officials try to make the financial conditions of LGUs more transparent.
View ArticleGov’t budget shortfall up 75% to P34B in January; calamity rehab, rebuilding...
The government's budget shortfall for the first month of 2014 rose 75 percent to P34.2 billion, an indication of the government’s increased spending for reconstruction and rehabilitation in the wake of...
View ArticleInvite all SE Asian nations to Pacific pact, says PH finance exec
A U.S.-backed Pacific free trade pact could cause resentment in Southeast Asia as it would leave some nations in the region better positioned to access America's market than others, Finance Secretary...
View ArticleThai crisis casts shadow on Asean meet in Manila
Political unrest in Thailand has cast a shadow on Manila where some of the region’s top businessmen and policymakers are meeting this week partly to discuss Southeast Asia’s economic integration that...
View ArticlePolitical stability, better infrastructure keys to East Asia growth
Expectations are high for East Asian governments to provide not only better infrastructure but also political stability to spur greater economic growth.
View ArticlePurisima: No big bang for ‘One Asean’ in 2015
The year 2015 is something many people are looking forward to with both fear and excitement. It is the year when members of the Association of Southeast Asian Nations (Asean) become a single bloc—the...
View ArticleFinance chief open to income tax cuts
Finance department officials are open to amending the country’s current income tax structure to bring rates and brackets in line with regional norms, but support would be contingent on the passage of...
View ArticleFinance open to changes in tax system
The Department of Finance is open to implementing changes in the integration.
View ArticleDOF to sustain higher revenue collection, less debt in 2015
The Department of Finance (DOF) aims to further shore up revenue collection while continually reducing the share of the government debt to the economy in 2015 to sustain the inroads made this year.
View ArticleTerm of insurance firms’ directors capped
LIMITING the term of insurance firms’ independent directors to five consecutive years is expected to promote “good governance” in the industry, Finance officials said yesterday.
View ArticleCesar Purisima named Asia’s top finance exec anew
The Philippines’ Finance chief Cesar V. Purisima received his fifth “finance minister of the year” citation, beating his Asian counterparts for the award handed out by FinanceAsia.
View ArticleNew BOC chief Alberto Lina vows to finish reforms using 5 principles
Newly appointed Customs Commissioner Alberto Lina on Friday said he would continue and finish the reforms started by his predecessor John Phillip Sevilla at the agency perceived as the most corrupt in...
View ArticleBiz Buzz: Travel bug
It’s not easy being the de facto head of the Aquino administration’s economic team. Your workdays are full of meetings with government and private sector officials to help ensure that the right amount...
View ArticlePH defers joining China-led bank
Even as the Philippines did not sign on Monday the articles of agreement for the establishment of the China-led Asian Infrastructure Investment Bank (AIIB), Finance Secretary Cesar V. Purisima said on...
View ArticleDOF urges Congress to ease bank secrecy law to aid tax probe
THE COMPREHENSIVE tax reform ball is in the court of Congress, finance officials said, as they sought legislators’ help to make tax evasion a predicate crime, alongside easing restrictions in the bank...
View ArticleFinance officials OK Cebu Action Plan
Finance officials of the 21 economies belonging to the Asia-Pacific Economic Cooperation (Apec) forum, meeting in Cebu City on Friday, approved a road map to an Apec community that is more financially...
View ArticleBiz Buzz: Up in arms
THEY made their case before, but apparently, their pleas fell on deaf ears. The post Biz Buzz: Up in arms appeared first on Inquirer Business.
View ArticleBiz Buzz: Balikbayan box redux
LAST August, the country experienced what some described as a “small-scale people power for the digital age.” That was when the online community expressed outrage at the Bureau of Customs (BOC) for...
View ArticlePSE, BAP step up efforts to close capital market unification deal
The Bankers Association of the Philippines and the Philippine Stock Exchange have made a last-ditch attempt to unify the country’s capital market infrastructure by seeking intervention from Finance...
View ArticleGov’t undecided on AIIB membership
THE PHILIPPINES would likely exhaust the yearend deadline to sign the articles of agreement to establish the Asian Infrastructure Investment Bank (AIIB) even as it is the only remaining prospective...
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