Despite 6.4 % growth, Philippines on track to meet 2017 GDP growth goal: DOF
May 18, 2017
Finance Secretary Carlos Dominguez III is optimistic the Philippines remains on track to meet its full-year growth target of 6.5 percent to 7.5 percent, after the National and Economic and Development Authority (NEDA) reported on Thursday gross domestic product grew
Labor department to study four-day work week bill
May 18, 2017
A senior labor department official said Thursday they want to find out of the proposed law on a four-day work week would not hurt workers. “We want to study and evaluate its possible implications, especially to workers,” said Labor Undersecretary
Gov’t losing P91b yearly from VAT exemptions: finance department
May 18, 2017
The Philippines’ antiquated tax code, which contains 59 lines of exemptions from the Value-Added Tax and 84 special VAT-related laws, have led to revenue leakages costing the government an estimated P90.7 billion each year, according to the Department of Finance
DOJ withdraws drug case vs Marcelino, Chinese
May 18, 2017
The justice department approved the withdrawal of its drug case against Marine Lieutenant Colonel Ferdinand Marcelino and his Chinese companion Yan Yi Shou. In a 13 page resolution, Undersecretary Deo L. Marco upheld the May 23, 2016 resolution of Senior
Stocks higher ahead of first quarter growth numbers
May 17, 2017
Stocks closed higher on Wednesday ahead of the announcement of first quarter economic growth. The Philippine Stock Exchange index closed 35.46 points to 7,826.53. But the broader market was lower with 98 decliners, 92 gainers and 48 unchanged. Volume reached
Nothing wrong with “secret cell” in Tondo police station: PNP
May 17, 2017
A Philippine National Police fact-finding team found no violations in putting up a “secret cell” discovered by the Commission on Human Rights behind a cabinet at the Manila Police District Station 1 in Tondo “The fact-finding team concluded no violations
Ex-senator Angara, over 40 others named to various gov’t posts
May 17, 2017
President Rodrigo Duterte has appointed some 45 new officials, including former Senator Edgardo Angara, to various posts in government. Angara was named as special envoy of the President to the European Union, according to the list of appointments released on
Japanese, Australian forces join US and Philippines in disaster rescue drill
May 17, 2017
The Japanese and Australian forces joined the United States and Philippines on its Command Post Staff Exercise (CPX – Staffex) held at the Armed Forces of the Philippines (AFP) Command General and Staff College (CGSC) in Camp Aguinaldo yesterday. This
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