Category: Finance

Military pension fund OK’d in principle: DOF chief

MANILA — President Rodrigo R. Duterte has approved the guidelines for creating a unit in the Government Service Insurance System (GSIS) that will manage the proposed pension fund for military personnel. “The President has already...

Diokno optimistic of further rise in gov’t spending

MANILA — Budget and Management Secretary Benjamin Diokno is optimistic about further increase of government spending but sees the budget deficit will not hit the three percent of gross domestic product (GDP) target. “Most likely...

TRAIN’s 2018 revenue target cut

MANILA — Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and fuel marking. During...

BSP approves IRR of credit card law

MANILA – The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved the implementing rules and regulations (IRR) of the law regulating the Philippine credit card industry, a move...