DOF chief: No objection to banning POGOs
Finance Secretary Ralph Recto is not opposing the calls to ban Philippine offshore gaming operator (POGO) firms as the sector gets the spotlight anew because of embattled Bamban Mayor Alice Guo......»»
SC junks petition challenging legality of POGOs
The Supreme Court has junked a petition challenging the legality of the rules on Philippine offshore gaming operators or POGOs for violating the doctrine of hierarchy of courts and failing to meet the requirements for judicial review......»»
What impact could a potential POGO ban have on the REITs?
I got this question in response to news that the House of Representatives approved two measures that seek to ban POGOs in the Philippines. POGOs, or Philippine Offshore Gaming Operators, are licensed and monitored by the Philippine Amusement and Gaming Corp., and have been controversial since their presence exploded during Rodrigo Duterte’s term as president......»»
DOF chief: No objection to banning POGOs
Finance Secretary Ralph Recto is not opposing the calls to ban Philippine offshore gaming operator (POGO) firms as the sector gets the spotlight anew because of embattled Bamban Mayor Alice Guo......»»
Diokno turns over DOF helm to Recto
Secretary Ralph Recto started the ball rolling as he formally took over the helm of the Department of Finance, with former DOF chief and now Monetary Board member Benjamin Diokno handing over the agency in a simple ceremony yesterday......»»
What to expect from Sec. Ralph Recto leadership at DOF
Former senator, former NEDA Secretary, congressman, and deputy speaker until this week, and now Secretary of the Department of Finance (DOF), Ralph Recto has a colorful and multiple experience in both the Legislative and Executive branches of the government......»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Philippines approved investment projects up 73 pct in 2023
MANILA, Jan. 14 (Xinhua) -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunicati.....»»
Xinhua world economic news summary at 0900 GMT, Jan. 14
MANILA -- The approved investment projects in 2023 amounted to 1.26 trillion pesos (roughly 22.5 billion U.S. dollars) in 2023, 73 percent higher than in 2022, Philippine Department of Finance (DOF) said Sunday. Citing an updated report of Board of Investments (BOI), the DOF said in a press release that the approved investments comprised 311 projects, mainly on renewable energy, telecommunication infrastructure,.....»»
Diokno proud to leave DOF in better state of affairs
"I am proud knowing that I will be leaving my post at a time when the Philippine economy, in general, and the DOF, in particular, are in a better state of affairs than when I inherited them.".....»»
DA cites serious implications of banning genetically modified products
By Kris M. Crismundo MANILA, Dec 17 (PNA) — The Department of Agriculture Biotechnology Advisory Team (DA-BAT) has cited serious implications of the Supreme Court’s (SC) decision of banning “the use, testing,........»»
Banning of e-bikes, e-trikes, e-vehicles sa Pampanga?
Banning of e-bikes, e-trikes, e-vehicles sa Pampanga?.....»»
Ipatupad ang truck ban at banning of e-trike sa McArthur highway sa CSF
Ipatupad ang truck ban at banning of e-trike sa McArthur highway sa CSF.....»»
No objections for e-motorcycle tax breaks in EO12 review
Views and position papers elicited from government agencies and EV industry stakeholders for the revision of an executive order have offered no objection to the inclusion of e-motorcycles in the tax incentives......»»
The Mayor of Virac expresses gratitude to the former Chief of Police and extends full support to the new leadership of PNP Virac
Mayor Sammy Laynes conveys his appreciation for the service rendered by outgoing Chief of Police Robert Kevin Caparosso during his tenure at the Virac Municipal Police Station for several years. Meanwhile, the mayor pledges his full support to the new leadership under OIC Chief of Police Emsol Icawat. “We also thank our outgoing chief, PMAJ […] The post The Mayor of Virac expresses gratitude to the former Chief of Police and extends full support to the new leadership of PNP Virac appeared first on Bicol Peryodiko......»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
DOF mulls mining tax tweaks for royalties, windfall profits
The Department of Finance is pushing for higher rates and fewer tiers in taxing the extractive sector, but the mining industry argued that the proposed structure would make the sector more uncompetitive......»»
DOF finalizing P55.7 billion loan for Metro Manila subway
The government targets to secure P55.7 billion in loans from the Japanese government for the third tranche of financing for the Metro Manila Subway Projects by March......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
DOF drops income tax hike for dividend income
The Department of Finance revised the proposed Passive Income and Financial Intermediary Taxation Act to drop a planned increase in the income tax rate for dividend income......»»