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Prinz Magtulis
Prinz Magtulis

 Prinz Magtulis

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Gov’t borrowings inch up to P3.93 T in 2016
by Prinz Magtulis - January 14, 2017 - 12:00am
Oustanding local government securities merely inched up last year even as the Duterte administration widened the budget deficit to accommodate higher spending, the Bureau of the Treasury reported yesterday.
‘Vanity tax no substitute for higher oil excise tax’
by Prinz Magtulis - January 14, 2017 - 12:00am
A proposal to tax beauty and cosmetic products cannot substitute for a contentious government plan to raise oil excise levies, economic managers said yesterday.
Economic managers buck vanity tax as substitute to oil levy
by Prinz Magtulis - January 13, 2017 - 4:37pm
A proposal to tax beauty and cosmetic products cannot substitute for a contentious government plan to raise oil excise levies, economic managers said on Friday.
Oil excise collections reach 3-year high in Sept
by Prinz Magtulis - January 13, 2017 - 12:00am
Revenue from excise taxes on oil surged in September last year, the highest level in three years, the Department of Finance (DOF) reported yesterday.
BIR backtracks on ODA VAT
by Prinz Magtulis - January 13, 2017 - 12:00am
Japanese development programs in the country are now expected to proceed smoother after the Bureau of Internal Revenue (BIR) reversed an earlier order burdening them with value-added tax (VAT).
Oil tax collections at 3-year high but could be higher — DOF
by Prinz Magtulis - January 11, 2017 - 8:44pm
Oil excise revenues hit their highest level in three years in September, but the Department of Finance said losses were actually incurred and that this could be higher if tax rates will be reformed.
Duterte clears up to $2 B foreign borrowings in Q1
by Prinz Magtulis - January 11, 2017 - 12:00am
President Duterte has given the go-signal for his administration’s first borrowing abroad which could reach up to $2 billion by the first quarter.
Government borrowings surge in November
by Prinz Magtulis - January 10, 2017 - 12:00am
National government borrowings surged more than seven-fold in November last year, latest data from the Bureau of the Treasury showed.
Inflation expected to pick up
by Prinz Magtulis - January 9, 2017 - 12:00am
Inflation is expected to pick up this year but is likely to remain on target even as oil prices are on the rise, the chief economist of the Department of Finance said.
BIR maps out plans to raise P1.83 T
by Prinz Magtulis - January 8, 2017 - 12:00am
From expanding electronic systems to reviewing past orders and assessments, the Bureau of Internal Revenue (BIR) is banking on renewed taxpayer trust to attain its P1.83-trillion goal this year.
Low interest rates to remain – DOF
by Prinz Magtulis - January 7, 2017 - 12:00am
The Philippines could continue to enjoy low interest rates this year as strong economic performance offset a phenomenon kicked off by rising US rates, Finance Undersecretary Gil Beltran said.
DOF warns of ‘disastrous’ consequences of pension hike
by Prinz Magtulis - January 7, 2017 - 12:00am
The Department of Finance warned yesterday of “disastrous” consequences once populist measures on the two-year land conversion moratorium and Social Security System (SSS) pension increase without contribution...
DOF: Pension hike, freeze on land conversion could derail pro-poor programs
by Prinz Magtulis - January 6, 2017 - 2:44pm
The Department of Finance warned on Friday of "disastrous" consequences if populist measures on a two-year land conversion moratorium and Social Security System pension increase without contribution hike are pu...
SSS wants restrictions on investments relaxed
by Prinz Magtulis - January 6, 2017 - 12:00am
The Social Security System (SSS) wants a relaxation of investment restrictions to raise more funding for the agency amid a clamor for a pension hike.
No pension hike without higher member contribution – SSS
by Prinz Magtulis - January 5, 2017 - 12:00am
There is no minimum increase in pension that the Social Security System can absorb without a corresponding member contribution hike, SSS president and chief executive officer Emmanuel Dooc said.
SSS: No compromise on contribution increase for pension hike
by Prinz Magtulis - January 4, 2017 - 5:15pm
There is no minimum increase in pension which the Social Security System can absorb without a corresponding member contribution hike, the agency's president said.
Veterans' pension hike to up cost of PNP, AFP pay increase
by Prinz Magtulis - January 4, 2017 - 11:37am
Military retirees and veterans are bound to receive higher pensions once President Rodrigo Duterte approves a hike in basic pay of those in active service, costing the government more than initially estimated.
Government issues budget call for 2018 outlay
by Prinz Magtulis - January 4, 2017 - 12:00am
After getting the bulk of their budget this year, agencies were called on to submit their budget proposals for the P3.825 trillion outlay for 2018.
DBM proposes police, military pay hike of 20%
by Prinz Magtulis - January 3, 2017 - 5:58pm
The police and soldiers could be up for a New Year's gift after the Department of Budget and Management proposed an across-the-board base pay hike that would see their annual earnings rise by a fifth.
Subsidies to GOCCs rise 4-fold
by Prinz Magtulis - January 3, 2017 - 12:00am
Government subsidies to state-owned corporations surged nearly four times in November last year to their highest level since July, latest data from the Bureau of the Treasury showed.
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