More Filipinos took out insurance policies in 2012—DOF
By Michelle V. Remo
Insurance products have started to become popular among the people in the country, with about 13 million Filipinos now owning micro-insurance policies.
Insurance products have started to become popular among the people in the country, with about 13 million Filipinos now owning micro-insurance policies.
Finance Secretary Cesar Purisima on Wednesday said that, with the planned mining tax reform, the government hopes to strike a balance between generating more revenue for the state and keeping the country attractive to investors.
The Department of Finance on Tuesday slammed the Court of Appeals’ issuance of a temporary restraining order (TRO) on a smuggling case against the president and chief executive of Phoenix Petroleum Philippines Inc.
Two influential economic agencies are headed for a showdown after the Department of Finance recently asked the Board of Investments to strike out several protected industries from the government’s 2013 Investment Priorities Plan (IPP).
The Department of Finance is batting for the removal of mass housing projects in the latest of the annual Investment Priorities Plan (IPP), saying that its continued inclusion on the list of tax perk beneficiaries poses an “administrative nightmare.”
The Department of Finance wants its two attached agencies—the Bureau of Internal Revenue and the Bureau of Customs—to curb the smuggling of gold out of the country and boost tax collection from the sale of the precious metal.
Several Cabinet secretaries hope to work out the concerns of the Department of Finance (DOF) over San Miguel Corp.’s North Luzon Expressway (NLEx)-Skyway connector highway before any problem gets out of hand.
The North-South Luzon connector tollroad project spearheaded by the San Miguel-Citra alliance has hit another stumbling block even after the recent settlement of intragovernment debates on who has authority over tollroad concession contracts.
State firms, local governments and social security institutions (SSIs) helped trim the financial deficit of the entire public sector to P27.5 billion in the first nine months of 2012, according to the Department of Finance.
The Department of Finance has renewed calls to simplify the processing of overseas development assistance (ODA) to hasten the implementation of covered projects.
A council tasked to help the government craft a national industrialization strategy is set to be revived amid efforts to boost the manufacturing sector’s contribution to economic growth.
The Department of Finance has asked international lenders to simplify the processing of official development assistance (ODA) to help move projects from concept to implementation faster.
