Home » Posts tagged with » finance secretary

A changed government

The stand of Finance Secretary Carlos G. Dominguez III against increasing the Value-Added Tax (VAT) rate from the current 12 percent to 14 percent is admirable not only because it is pro-consumers but also because it reflects the kind of government that we have now.

World Bank (WB) Group President Robert B. Zoellick arrived in the Philippines last Tuesday to strengthen its partnership with the country. While in the Philippines, Zoellick will meet President Benigno S. Aquino III as well as the economic team led by Finance Secretary Cesar A.V. Purisima.

Continue reading …

A former Philippine National Police (PNP) officer and an old hand of the Bureau of Customs (BoC) Intelligence and Investigation Service, Rolando Sacramento, are expected to fill up two recently vacated posts at the BoC, putting a lid on speculations that there is a vacuum of leadership.

Continue reading …

‘Hello, Japan!’

No Comment

MANILA, Philippines – By JC BELLO RUIZ • MADEL R. SABATER MANILA, Philippines – President Benigno S. Aquino III leaves this morning for a three-day working visit to Japan that is expected to bring in at least $1 billion in fresh investments and more than 9 billion yen in Official Development Assistance (ODA). It is […]

Continue reading …

Budget Surplus

No Comment

WASHINGTON D.C. (via PLDT) – President Aquino announced yesterday that the government posted a P9.22-billion budget surplus in August due to higher tax revenues. The Chief Executive made the surprise announcement about the government’s fiscal position last month during his meeting with the Filipino communities from Washington, Maryland and Virginia. Finance Secretary Cesar V. Purisima, […]

Continue reading …

MANILA, Philippines Senate President Juan Ponce Enrile conceded yesterday that Congress is partly to blame for giving tax incentives to the rich but continues to increase taxes on the poor. Enrile made this disclosure during the public hearing by a Senate finance sub-committee chaired by Senator Ralph G. Recto on the proposed 2012 R11.5-billion budget […]

Continue reading …