NEDA: Critical immediate actions needed to alleviate adverse effects of disasters on poor families

The National Economic and Development Authority (NEDA) presented yesterday to President Benigno S. Aquino III a set of critical immediate actions to rehabilitate areas affected by Typhoon Yolanda. These will alleviate the adverse effects of the disaster on poor families and prevent them from resorting to desperate measures just to survive, Secretary of Socioeconomic Planning Arsenio Balisacan said.


High turnout in Mactan-Cebu International Airport bid signals investor confidence in PPP program

All seven (7) prequalified groups are bidding for the P 17.5-billion Mactan-Cebu International Airport (MCIA) project—the first airport Public-Private Partnership (PPP) project of the current administration—signaling the private sector’s level of interest in the Department of Transportation and Communications’ (DOTC) PPP initiative.


Contractor of Malampaya Fund Infrastructure Projects charged with tax evasion

The Bureau of Internal Revenue (BIR) today filed a criminal complaint with the Department of Justice against Bella C. Tiotangco for Willful Attempt to Evade or Defeat Tax and Willful Failure to Supply Correct and Accurate Information in her Income Tax Return (ITR) and 2nd, 3rd and 4th Quarterly Value-Added Tax (VAT) Returns for taxable year 2008, all in violation of Sections 254 and 255 of the National InternalRevenue Code of 1997, as amended (Tax Code).


Statement: The Secretary of Finance on the 3rd Quarter GDP growth for 2013

The Philippine economy grew 7% for Q3 2013. This solid growth demonstrates the continuing resilience of the economy in the face of global economic challenges and natural calamities, bringing growth to 7.4% for the first three quarters of 2013. This is also the 5th straight quarter of 7% or higher growth rate. The main drivers were household consumption and robust government infrastructure expenditure, which was 34% higher than the same three quarters in 2012.