The incurred deficit of P3.5 billion is 46%, or P3.0 billion lower than the same period last year.
Click through to read the excise tax collection from sin products for January to February 2016.
The key to the success of the Philippines the past 5 years is really in unlocking the opportunities offered to us by the financial market by creating an environment of confidence.
From 76th place in the previous year, the Philippines moves up to 70th place, and has jumped a total of 45 notches since 2010.
The Excise Tax collection from the Sin Products (cigarettes and alcohol) for 2015 amounted to P141.84 billion.
The Philippines has kept its quarterly average growth rate of 6.0% for the duration of the Aquino administration, pushing the six-year moving average of real GDP growth at 6.2% as of 2015—the highest since 1978.
The turnaround from the title of ‘sick man of Asia’ to the region’s resilient bright spot is something the Filipino people can be proud of.
NICE upgraded the country’s credit rating by a notch from the minimum investment grade of BBB- to BBB.
Secretary Purisima: [C]onfidence from the markets allowed investors to revisit Philippine corporates.
Had this bill passed, there wouldn’t even be any pensions to speak of in a little more than a decade.
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