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Bureau of Customs on track for historic ₱1 trillion collection target, already ₱11.4 billion above revised goal
The Bureau of Customs (BOC) is on track to hit its historic ₱1 trillion collection target this year, with January to July collections already running ₱11.4 billion above the revised target and July alone posting a 12.5% growth rate compared to the same month last year, Customs Commissioner Ariel…
BIR breaks all-time record with over ₱3 trillion in collections — first time in Philippine history
The Bureau of Internal Revenue (BIR) collected over ₱3 trillion in a single year for the first time in the entire history of the Philippine Republic, Finance Secretary Frederick Go said Saturday, describing the milestone as a record-breaking performance that reflects years of sustained reform in…
The Philippine economy grew twice as fast as the world under Marcos, 5.8% average GDP growth in four years: DOF
The Philippine economy grew at an average of 5.8% annually over the past four years under President Ferdinand Marcos Jr., more than double the global average of 2.5% to 3%, Finance Secretary Frederick Go said Saturday. Go made the disclosure in an interview on DZRH News program Special on Saturday…
Customs moving to clear 42,000 stranded OFW balikbayan boxes, suing cargo firms responsible for abandoned shipments
The Bureau of Customs (BOC) is working to deliver tens of thousands of balikbayan boxes sent by overseas Filipino workers that were left stranded at Philippine ports after several cargo companies abandoned the shipments without paying the required duties, taxes, and port charges. In an interview…
Malacañang assures fuel subsidy program for PUV operators until oil prices stabilize
The Marcos administration will continue its fuel subsidy program for public utility vehicle operators for as long as oil prices remain elevated, with no fixed end date but projections running through the end of 2026, Malacañang said. The Office of the Executive Secretary (OES) said the Department…
PSEi hits six-month high, erases post-SONA losses as investor confidence rebounds
The Philippine Stock Exchange Index (PSEi) surged to one of its strongest levels in six months on Tuesday, February 3, fully wiping out losses triggered by corruption concerns involving billions worth of flood control projects aired during last year’s State of the Nation Address (SONA), according…
Atty. Paul Vega takes oath as youngest City Treasurer of Manila
Atty. Paul S. Vega, REE, has taken his oath of office as City Treasurer of Manila before Mayor Francisco “Isko” Moreno Domagoso, becoming the youngest to hold the post in the nation’s capital. Atty. Vega took his oath of office before Domagoso on Monday, December 22, formally assuming leadership…
Finance chief Frederick Go says PH economy remains solid, expects recovery as government spending normalizes in 2026
Newly-appointed Finance Secretary Frederick Go sought to ease public worries about the economy, saying the Philippines’ core economic fundamentals remain intact despite concerns over corruption controversies and reduced government spending in the second half of 2025. In an interview on DZRH News’…
Finance chief Frederick Go says BIR audit freeze will protect taxpayers, likens LOAs to search warrants
Newly-appointed Finance Secretary Frederick Go said the nationwide suspension of all Bureau of Internal Revenue (BIR) field audits is intended to protect taxpayers from arbitrary or poorly justified inspections, describing Letters of Authority (LOAs) as instruments that should meet standards…