Balita.org: Your Premier Source for Comprehensive Philippines News and Insights! We bring you the latest news, stories, and updates on a wide range of topics, including politics, culture, economy, and more. Stay tuned to know everything you wish about your favorite stars 24/7.
The Bureau of Internal Revenue (BIR) has intensified its drive against tax evasion and efforts to strengthen tax compliance under Finance Secretary Benjamin E. Diokno’s watch, which has led to the achievement of a historic level of tax collections in recent years.
Finance Secretary Benjamin E. Diokno has commended the Securities and Exchange Commission (SEC) for being a global champion of good corporate governance and applauded the agency’s efforts in strengthening enforcement and investor protection to ensure the integrity of the Philippine financial system.
Fitch Ratings has affirmed the Philippines’ ‘BBB’ credit rating with a Stable Outlook in view of strong growth and declining debt in its rating action commentary released on November 10, 2023.
NEW YORK CITY, USA – Finance Secretary Benjamin E. Diokno has highlighted the Philippines’ faster economic growth and brighter prospects in a conversation with global news agency Reuters on November 9, 2023 in New York.
The government has been congratulated by Senate Minority Leader Aquilino “Koko” Pimentel III for the better-than-expected actual budget deficit outturn for 2023 during the Senate Plenary Deliberations on the General Principles of the 2024 General Appropriations Bill (GAB) on November 8, 2023.
The Philippine economy has posted a higher gross domestic product (GDP) growth of 5.9 percent in the third quarter (Q3) of 2023, the strongest among major economies in Asia.
The Department of Finance (DOF) has joined as a member of the Organisation for Economic Cooperation and Development (OECD)/G20 Inclusive Framework on Base-Erosion and Profit Shifting (BEPS) Inclusive Framework on November 8, 2023–a move reconfirming the government’s commitment to uphold tax fairness, protect the country’s tax base from aggressive tax avoidance schemes, and promote international tax cooperation.