Philippine economy buoyed with more confidence and optimism than ever.
The excise tax collection from sin products amounted to P8.09 billion.
Amendments to the Anti Money Laundering Act have been made more urgent by recent financial controversies.
The Philippines emerged as the most improved country in the 2016 perceptions survey.
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.
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