The slight decline in headline inflation in February to 4.1% (from 4.2% in January) and the bigger decline in core inflation to 3% (from 3.2%) confirm the continuing macroeconomic stability of the country. These are within the 3-5% target of the DBCC.
Headline inflation slid by a tad in February on slower price increase of alcohol, tobacco and petroleum prices and a relatively stable cost of food items, the National Economic and Development Authority (NEDA) said.
As of September 2013, the country’s General Government (GG) Debt stood at P4.468 trillion or 39.7% of GDP, lower than 40.3% as of September 2012. The current GG debt is P4.468 trillion or 39.7% of GDP, slightly up quarter-on-quarter from P4.315 trillion or 39.1% of GDP as of June 2013, but has improved significantly since President Aquino took office in 2010.
The Bureau of Customs (BOC) welcomes the issuance of a Temporary Restraining Order (TRO) by the Supreme Court that stops the enforcement of a ruling handed down by Branch 16 of the Regional Trial Court in Davao City. The TRO from the Supreme Court bars the enforcement of an order issued by RTC Branch 16 Judge Emmanuel Carpio last December 12, 2013, that restrains the District Collector of the BOC in the Port of Davao from seizing, alerting or holding rice shipments of petitioner Joseph Ngo, a businessman who purchased rice imported by Starcraft International Trading Corporation.
How is the Philippines doing in terms of global competitiveness, corruption perception, economic freedom, travel and tourism, global innovation, and information technology?
The Department of Finance has released an infographic on the updates of the Customs reform program.
The Bureau of Customs seizes P800M worth of fake footwear, bags, and suitcases from two warehouses on Tuesday.
I earnestly hope that every member of PHALTRA, every official and employee of the BLGF, and every guest at this convention will continue to live out their profound responsibility of being exemplary civil servants of our great nation.
For the month of December 2013, the Bureau of Internal Revenue (BIR) collected P96.63 billion in tax revenues, P8.06 billion, or 9.1%, more than collections made in December of 2012. The collection for December 2013 exceeded the collection target by P5.84 billion, or by 6.44%.
The Bureau of Customs warns the public against internet scams where victims are befriended online and then promised packages containing gifts and even money that they will be sent and received in exchange for payment of supposedly customs duties and taxes.