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TRAIN law ‘successful’

The implementation of the country’s first tax reform law has been so far “quite successful,” and the government is committed to ensure the revenues would be “well-spent,” a government finance official said yesterday.

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WAS anybody in Bangko Sentral or the Department of Finance shocked when they read a statement attributed to the finance minister of Bangladesh that he will “wipe out” a Filipino bank for an $81 million cyber attack that happened two years ago?

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Nine Cabinet officials of the administration of former President Benigno Aquino III and several others are now facing plunder complaint before the Office of the Ombudsman in connection with the MRT 3 maintenance contract.

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The government is taking steps to hasten the implementation of its massive infrastructure program by removing red tape and other bottlenecks that threaten to derail the projects.

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Senators yesterday hailed the Department of Finance for conducting lifestyle checks on its employees and attached agencies as this would boost the Duterte government’s anti-corruption drive.

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Law needed for return of FM wealth

President Duterte said that he would defer to the Department of Finance on the decision of the Marcos family to return a portion of wealth amassed during the dictatorship of the late President Ferdinand Marcos.

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