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Posts tagged with "Department of Finance"

PH geared to join ASEAN Single Window by Nov, says DOF

PH geared to join ASEAN Single Window by Nov, says DOF

Oct. 15 | Image by mcmurryjulie from Pixabay The Philippines is expected to join the Association of Southeast Asian Nations (ASEAN) Single Window (ASW) before yearend, its participation in the regional initiative expected to provide businesses the benefits of less...

Integration of SPS certificates into TradeNet ongoing

Integration of SPS certificates into TradeNet ongoing

Oct. 5 | Image by Gerd Altmann from Pixabay The Department of Finance (DOF) and Department of Information and Communications Technology (DICT) are working closely with the Department of Agriculture (DA) to integrate the process of issuing DA permits into TradeNet,...

TradeNet interface with ASEAN Single Window still on in Nov despite snag: BOC

TradeNet interface with ASEAN Single Window still on in Nov despite snag: BOC

Sep. 16 | Testing of the Philippines’ interconnection to the Association of Southeast Asian Nations (ASEAN) Single Window (ASW) has been put on hold, but the Department of Finance (DOF) and Bureau of Customs (BOC) are still working to meet the November target...

PH signs $220M rail loan from China

PH signs $220M rail loan from China

Sep. 2 | Image by analogicus from Pixabay The Philippines and China signed on August 29 an agreement for a US$219.78-million credit facility to fund the project management consultancy (PMC) for the Philippine National Railways (PNR) South Long Haul Project. The...

BIR, BOC tasked to escalate drive vs illegal tobacco operations

BIR, BOC tasked to escalate drive vs illegal tobacco operations

Jul. 11 | A raid last month on a warehouse in Valenzuela City found illegally imported printing machines and cutting machines used for printing unauthorized cigarette pack labels and carton labels with brands Fortune, Mark, Hope, More, and Jackpot. Photo from the...

BOC eyes 200 more firms for audit this year

BOC eyes 200 more firms for audit this year

Jul. 10 | At the customs audit seminar Q&A were Bureau of Customs assistant Commissioner Atty Vincent Philip Maronilla (left), head of the Bureau of Customs Post Clearance Audit Group, and tax consultant Atty Emer Aceron. The Bureau of Customs (BOC) is looking...

Fuel marking program to produce P5B this year—finance chief

Fuel marking program to produce P5B this year—finance chief

Jul. 9 | The Philippines’ fuel marking program is scheduled to be implemented in the third quarter of this year and will bring in at least P5 billion in revenues for 2019, according to Finance Secretary Carlos Dominguez III. The implementation follows the publication...

PH fuel marking program implementing rules issued

PH fuel marking program implementing rules issued

Jul. 6 | Image by Rudy and Peter Skitterians from Pixabay The Philippine government has finally released implementing guidelines for the fuel marking program designed to curb oil smuggling and plug revenue losses arising from illegal importation or misdeclaration...

Rice tariff collection hits P5.9B; Subic contributes biggest share

Rice tariff collection hits P5.9B; Subic contributes biggest share

Jul. 6 | The Philippine government has so far collected P5.9 billion in tariffs from 1.43 million metric tons (MT) of rice stocks imported by private traders, following the enactment of the Rice Tariffication Law that liberalized imports of the grain, preliminary...

PH 2018 economic growth at 6.2%, short of lowered target

PH 2018 economic growth at 6.2%, short of lowered target

Jan. 26 | The Philippine economy grew 6.2% in 2018, lower than the government’s downgraded target of 6.5% to 6.9% and down from the 6.7% growth in 2017, as manufacturing and agriculture recorded slower growths in the last quarter. The Philippine Statistics Authority...