Tag: DOF

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Government raises P1B from Makati property sale 

Property Context.ph Context.ph -
The government has raised P1 billion from the sale of state-owned condominium units and parking slots in Makati, giving a fresh boost to its privatization program as it looks to unlock more value from idle assets and generate additional non-tax revenues.

DOF says property tax reform gives LGUs flexibility on rates

Property Context.ph Context.ph -
The Department of Finance (DOF) sought to dispel concerns over the newly enacted Real Property Valuation and Assessment Reform Act (RPVARA), saying the measure does not automatically raise property taxes and instead gives local governments wide latitude to cushion any impact on taxpayers.

PH leads emerging markets in investor transparency, credibility rankings

Economy Context.ph Context.ph -
The Philippines has emerged as the top-performing emerging market for investor relations and one of the global leaders in sovereign debt transparency, a distinction the Department of Finance (DOF) said strengthens the country's appeal to foreign investors and could help unlock more investments, jobs and economic growth.

DOF calms LGU fears over property tax reform

Economy Context.ph Context.ph -
The Department of Finance (DOF) has assured local government units (LGUs) that the Real Property Valuation and Assessment Reform Act (RPVARA) will not automatically increase property taxes, seeking to dispel concerns that the landmark reform could burden taxpayers and undermine local fiscal autonomy.

Logistics reform targets costs, congestion, competitiveness

Transport & Logistics Context.ph Context.ph -
The government is seeking public feedback on a sweeping logistics reform that could reshape how goods move across the Philippines, tackling high shipping costs and chronic port congestion that have long weighed on businesses and supply chains.
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Moody’s projects inflation to return to target range by 2027-2028 as BSP earns high marks

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The Bangko Sentral ng Pilipinas (BSP) has earned fresh praise from sovereign credit giant Moody’s Ratings, which expects local inflation to steadily settle back within the government's two to four percent target range between 2027 and 2028.

Court orders arrest of VP Duterte

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A Quezon City Regional Trial Court has issued an arrest warrant for Vice President Sara Duterte over three counts of grave threats against President Ferdinand Marcos Jr., First Lady Lisa Marcos, and former House Speaker Martin Romualdez, the Department of Justice said Friday. The DOJ said the warrant means the court found probable cause against Duterte. Bail was set at P120,000 for each count. Duterte earlier asked the court to defer or recall the warrant. The case stemmed from public threats the VP issued against the 3. The grave threat is also among the charges in the impeachment complaint versus the Vpz

Mynt secures SEC approval for P92.32-billion IPO, first to benefit from eased public float rules

Corporate 0
The Securities and Exchange Commission (SEC) has given the green light to Mynt Inc., operator of leading digital payments platform GCash, for its initial public offering (IPO) valued at up to P92.32 billion.

Cool-down in August inflation offers brief respite, not policy pivot – analyst 

Banking & Insurance 0
The slight cooling of headline inflation to 6.1 percent in August from 6.2 percent in July provides a welcome breathing room, but it remains far from a signal for the central bank to ease its stance. Lower meat and vegetable prices helped pull down overall food inflation, though the decline was largely muted by accelerating rice costs and expensive transport amid persistent global oil strength. According to Bank of the Philippine Islands (BPI) lead economist Emilio S. Neri, Jr., this temporary easing is unlikely to alter the trajectory of monetary policy. He says that the Bangko Sentral ng Pilipinas (BSP) will likely stay on a tightening path, potentially raising the policy rate by 25 basis points in each of its final two meetings this year to hit 5.50 percent.

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