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Govt collects ₧13.06B from tax amnesty tack | Bernadette D. Nicolas

THE Bureau of Internal Revenue (BIR) collected a total of P13.06 billion from its two tax amnesty programs since these were implemented in 2019. Finance Assistant Secretary Dakila Elteen M. Napao said that the governmentโ€™s main collection agency raised P7.89 billion from tax amnesty on delinquencies while another P5.17 billion…
Quezon City Dakila Elteenm Napao Bureau Of Internal Revenue Development Budget Coordination Committee Internal Revenue Assistant Secretary Dakila Elteen

Gov't to lose P131-B from proposed fuel excise tax deferment

(File photo) MANILA - Around PHP131.4 billion worth of government revenues are seen to be lost in 2022 if the proposed suspension of excise tax on petroleum products will be passed by lawmakers, the Department of Finance (DOF) said on Thursday. Specifically, around PHP24.7 billion will not be collected by the Bureau of Customs (BOC) as baseline excise revenues while around PHP106.7 billion will not be collected from the incremental excise revenues under the Tax Reform for Acceleration and Inclus...
United Arab Emirates United States Quezon City Bureau Of Customs Undersecretary For Revenue Operations Group Antonette Tionko Department Of Finance

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Diokno rules out another bridge financing for gov't

BSP Governor Benjamin Diokno (file photo) MANILA - Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Thursday the national government does not need another bridge financing, citing its capacity in handling pandemic-related financing requirements and an untapped provision under Bayanihan 2. In a virtual briefing, Diokno said there is a provision under the Bayanihan to Recover as One Act that authorizes the Department of Finance (DOF) to avail of a bridge financing. "But (that) ...
Quezon City Benjamin Diokno Bangko Sentral Department Of Finance Governor Benjamin Diokno One Act

No need to raise NG's credit limit—BSP – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) is not inclined to increase the amount it lends to the national government on the back of the improving coronavirus situation in the country. BSP Governor Benjamin E. Diokno said Thursday, Oct. 14, that he does not see a need to raise the direct cash advance
Quezon City Bangko Sentral Benjamine Diokno Department Of Finance Central Bank Republic Act
Source: mb.com.ph

P16-B worth of benefits released to healthcare workers: DOH

Health Secretary Francisco Duque III (PPD photo) MANILA - Health Secretary Francisco Duque III on Monday said PHP15.9 billion worth of benefits has so far been released to medical front-liners. "Kasama rito ang pinakabagong ulat nang pamamahagi ng (Included here are the) Covid-19 (coronavirus disease 2019) sickness and death compensation as of October 6, and special risk allowance as of October 8," Duque reported to President Rodrigo Duterte during the Talk to the People. Duque noted t...
Rodrigo Duterte Department Of Health Secretary Francisco Duque President Rodrigo Duterte One Act Health Secretary Francisco Duque Iii Ppd Photo Manila On Monday Said Php15 9 Billion Worth Of Benefits Has So Far Been Released To Medical Front Liners Quot Kasama Rito Ang Pinakabagong Ulat Nang Pamamahagi Ng Included Here Are The Covid 19 Coronavirus Disease 2019 Sickness And Death Compensation As October 6

Navotas City gov't distributes overdue SAP 2 cash aid to more than 3,000 families

The Navotas City local government on Saturday started the distribution of the delayed second tranche emergency allowance to 3,003 families under the Bayanihan 1 Social Amelioration Program (SAP). (Photo from Navotas PIO) โ€œOur constant follow-up and dogged perseverance have borne fruit at last! W
Navotas City Quezon City Toby Tiangco Department Of Social Welfare Amelioration Program Social Welfare
Source: mb.com.ph

Digital Divide in the Philippines Best Addressed with Lots of Startups

Huawei Digitalizing the Philippines Forum During the onset of the ongoing pandemic, many businesses -- both big and small -- said that they realized the importance of digitalization as something crucial to economic growth and recovery. Indeed, around the globe, digitalization has helped governments
Quezon City Francesco Mancini Bernardo Villegas Economic Adviser Of Government Affairs Andrew Williamson Communications Technology University Of Asia
Source: mb.com.ph

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