Manila, Philippines — Finance Secretary Ralph G. Recto highlighted the crucial duty of the Bureau of Customs (BOC) in providing finance for President Ferdinand R. Marcos, Jr’s socioeconomic plans and driving the general advancement of the country. “The BOC is...
Manila, Philippines – The Philippine government is actively exploring the use of hydrogen for power generation, prompted by a circular from the Department of Energy (DOE) that underscores the importance of promoting interest in this particular form of energy...
In 2023, the Philippines demonstrated robust economic performance, achieving a noteworthy full-year gross domestic product (GDP) growth rate of 5.6 percent. This surpassed the growth rates of key Asian economies, including China (5.2 percent), Vietnam (5.0 percent),...
Notwithstanding a difficult economic and monetary climate in 2023 troubled by continuous international strains, the burden of trade limitations, and paramount climates, the Philippine economy has performed well in high domestic product costs, especially for fuel and...
MANILA – Philippine President Ferdinand R. Marcos Jr. signed into law the Ease of Paying Taxes Act (now the Republic Act (RA) 11976) which aims towards the modernization and enhancement of the efficiency and effectiveness of tax administration, while simultaneously...
Effective December 23, 2023, Republic Act No. 11966, known as the Public-Private Partnership (PPP) Code of the Philippines, has come into force. This significant legislation harmonizes the previously fragmented PPP legal frameworks in the country under a unified...
