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Business

Locally sourced LGU revenues rise 5% to P169B in Q2

Local government units (LGUs) have increased their collections from locally sourced revenues (LSRs) by 5 percent to P168.96 billion in the second quarter of...
Business

FIRB okays tax breaks, other incentives for 3 investment projects worth P29-B

The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all...
Business

Dominguez cites need for full transparency in extractives sector

Finance Secretary Carlos Dominguez III has underscored the importance of full transparency in the extractives industries to build public trust and enable policymakers and...
Featured

Preemptive action needed vs financial, economic threats of pandemic–Dominguez

Finance Secretary Carlos Dominguez III has underscored the need for regular systemic risk assessments to enable the government to quickly spot the underlying vulnerabilities...
Economy

LGUs post 12% hike in operating income to P825B in 2020

The total current operating income of the local government units (LGUs) rose from P738.54 billion in 2019 to P825.2 billion in 2020, representing an...

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