Tag: Department of Finance

Pres Marcos may suspend or cut fuel excise taxes by April 12–13

MANILA, Philippines – President Ferdinand Marcos Jr. may soon order the suspension or reduction of excise taxes on petroleum products, with a possible decision...

Malacañang Extends 15% Tariff on Imported Rice Until End of 2025

Malacañang has issued Executive Order (EO) No. 105, extending the 15 percent tariff on imported rice until December 31, 2025, while creating an Inter-Agency...

BOC: Potential bidders for Discaya luxury cars to undergo strict screening

THE Bureau of Customs (BOC) announced that individuals interested in bidding for the luxury cars seized from government contractors Sarah and Curlee Discaya will...

S. Korea halts P28.7-B loan for PH infrastructure project over corruption concerns

SOUTH Korean President Lee Jae-Myung has ordered the suspension of a ₩700-billion (P28.7-billion) project loan to the Philippines, citing risks of corruption and fraud. In...

President Marcos Defends Zero Budget Allocation for PhilHealth

President Ferdinand Marcos Jr. defended the decision to allocate zero budget for PhilHealth in 2024. In an interview at Malacañang, Marcos explained that PhilHealth has...

Former Finance Undersecretary Criticizes Transfer of PhilHealth Funds to Finance Department

LAOAG CITY – Former Department of Finance Undersecretary Prof. Cielo Magno has expressed strong opposition to the transfer of funds from the Philippine Health...

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