Statement of Finance Secretary Cesar V. Purisima on the Q2 2015 GDP Growth [Released on August 27, 2015] The economy grew by 5.6% in the second quarter (Q2) of 2015, the third fastest among major Asian countries. This, despite heightened concerns on the continuing lackluster performance of the global economy causing painful spillovers on global […]
From the Department of Finance The Department of Finance along with the Bureau of the Treasury launched a domestic liability management transaction. According to Finance Secretary Purisima, the transaction is part of an ongoing commitment to proactively manage the government’s debt portfolio. Bondholders of eligible government securities are invited to exchange their bonds for new […]
Una, hindi na magkakaroon ng random at walang basehang pisikal na inspeksiyon ng balikbayan boxes. Sa halip, lahat ng container ng balikbayan box ay padadaanin sa mandatory na x-ray at K-9 examination—nang walang dagdag na singil sa nagpadala o sa OFW.
There will be no random or arbitrary physical inspection of balikbayan boxes. Only in cases where there are derogatory findings from the x-ray or K-9 examination will there be a physical inspection of goods.
The Philippine life insurance industry ranks second out of the 10 ASEAN member states in the Liberalisation Index.
Ambassador of France to the Philippines Gilles Garachon was conferred Order of Sikatuna, Rank of Grand Cross (Datu), Gold Distinction (Katangiang Ginto).
Finance Undersecretary Beltran: “…The Department of Finance is deeply committed to bolstering disaster resiliency and risk financing, a key pillar of the Cebu Action Plan we are advancing as part of our APEC agenda.”
The Philippines hosts APEC workshop on leveraging infrastructure financing and capital markets to drive infrastructure investments.
Finance Secretary Cesar V. Purisima and U.S. Ambassador to the Philippines Philip S. Goldberg signed a reciprocal intergovernmental agreement (IGA) to implement provisions of the Foreign Account Tax Compliance Act (FATCA) to promote transparency in financial accounts between the two nations for tax purposes.
Out of concern for fiscal transparency, the DOF, DTI, DBM, and NEDA express objection toward proposed amendments to the proposed Tax Incentives Management and Transparency Act.
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