China asked to fund feasibility studies for 12 PH infra projects

The Philippines has submitted to China’s new aid agency an indicative list of 12 big-ticket infrastructure projects that will undergo feasibility studies with possible…

20 state agencies for linkup to TradeNet by midyear

A total of 20 Philippine government agencies will be connected to TradeNet—the government’s online platform for the application of permits for imports and exports—by…

PH closely monitoring US-China trade clash, finance chief says

The Philippines is keeping tabs on the brewing trade dispute between the United States and China—two of its largest trading partners—and is hoping that…

DOF: Approval, implementation process for mega infra projects improves

The Philippine government is continuously upgrading its institutional processes for approving and executing big-ticket infrastructure projects to hasten the implementation of its ambitious “Build,…

BOC to forge data exchange arrangement with US, SoKor, Japan

Philippine Finance Secretary Carlos Dominguez III has directed Bureau of Customs (BOC) officials to set up data exchange arrangements with South Korea, Japan, and…

PH inks $380M loan with ADB for Mindanao infra dev’t

The Philippines and the Asian Development Bank (ADB) have signed a loan agreement that aims to improve Mindanao’s links to international trade corridors and…

Private sector’s ‘enthusiasm’ key to filling logistics gaps—DOF chief

Philippine Finance Secretary Carlos Dominguez III has cited the need for corporate giants in the logistics industry to help micro, small, and medium enterprises…

With TRAIN passage, fuel marking in PH now mandatory

Marking of petroleum products, whether imported or manufactured locally in the Philippines, will now be mandatory under the recently signed Tax Reform for Acceleration…

BOC-BIR regional anti-smuggling scheme moves forward

Philippine Customs Commissioner Isidro Lapeña has instructed district collectors of the Bureau of Customs (BOC) to coordinate with counterpart regional directors in the Bureau…

Joint BOC-BIR task force eyed in renewed anti-smuggling drive

The Department of Finance (DOF) has ordered its attached revenue-generating agencies, the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR), to tighten…

DOF to install cybersecurity shield in all attached agencies

The Philippine Department of Finance (DOF) is now putting in place a comprehensive cybersecurity defense structure that will span all its units and attached…

Duterte orders DOF to accept Mighty’s P25B tax liability deal

Philippine President Rodrigo Duterte has directed the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) to accept local cigarette manufacturer Mighty Corporation’s…

£4.5B UK facility offered for PH infra

The United Kingdom’s £4.5 billion (US$5.8 billion) export-import facility can be tapped by the Philippines as one of its financing options for its massive…

Australia urged to allow entry of PH bananas

Finance Secretary Carlos Dominguez III has called on Australia to open its market to Philippine bananas, which have remained barred from that country for…

NZ to help PH automate business registration, airline fee collection

Top officials of the Philippines and New Zealand have reaffirmed their cooperation in two projects designed to improve ease of doing business in the…

Proposed PH tax reform bill aims to remove ‘flaws’ in BIR, BOC to achieve revenue targets

The revised comprehensive Philippine tax reform bill proposes applying administrative reforms to revenue-generating agencies to raise more revenues for the government’s ambitious infrastructure program.…

Dy Buco formally assumes role of BOC AOCG deputy commissioner

Lawyer Edward James Dy Buco has been sworn into office as deputy commissioner of the Assessment and Operations Coordinating Group (AOCG) of the Bureau…

PH Customs officer axed for SALN dishonesty

Philippine Finance Secretary Carlos Dominguez III has directed Customs Commissioner Nicanor Faeldon to dismiss from service a Bureau of Customs (BOC) official for serious…

EDSA BRT leads projects for AIIB funding

The Philippine government awaits promising development and financing cooperation with the Asian Infrastructure Investment Bank (AIIB) to help fund the country’s big-ticket infrastructure projects,…

PH vows to spend P8T on infrastructure in 6 years

The Philippine government needs at least P8 trillion over the next six years to close the infrastructure gap and be on an equal footing…