An International Monetary Fund (IMF) team on Monday conducted meetings with Philippine economic managers and highlighted concerns about the slower-than-expected pace of the country’s fiscal consolidation.
A century ago, Joseph Schumpeter wrote, “the spirit of a people, its cultural level, its social structure, all this and more is written in its fiscal history. The public finances are one of the best starting points for an investigation of society.”
The Securities and Exchange Commission (SEC) dropped the proposed 30-day lockup rule for early initial public offering buyers, known as cornerstone investors, as it issued new guidelines to spur market activity.
Finance Secretary Ralph G. Recto has finalized his fiscal policy team at the Department of Finance (DOF), appointing Atty. Charlito Martin R. Mendoza as the Undersecretary for the Revenue Operations Group.
In a boost to efforts to enhance tax collection efficiency, Philippine Finance Secretary Ralph G. Recto has successfully secured support from the Asian Development Bank (ADB) for digitalization initiatives.
Finance Secretary Ralph G. Recto has called for the Department of Finance (DOF) to set fiscal policies with more empathy toward people at the grassroots, in an effort to ensure that the economy benefits every citizen.