EDITORIAL: Commitment to Social Contract Yields Results

From the moment we took office, your government has always advocated open and accountable governance. This necessarily includes an unyielding stance against corruption and the promotion of an honest, fair business environment. This week’s edition of the Good News highlights this perfectly.

Aquino government pursues P72.11 billion stimulus package

Budget and Management Secretary Florencio B. Abad disclosed that the Aquino government will implement P72.11 billion in additional projects in order to fast-track disbursements and push economic growth in light of the global slowdown and the onslaught of recent calamities.

Government highlights measures to ensure lower power rates

As a way of putting an end to the question, “Are electricity rates going up or down?” and in keeping with the Department of Energy’s (DOE) mandate of providing “energy access for more,” while taking into consideration affordability and sustainability, DOE Secretary Jose Rene D. Almendras announced the efforts of the government to keep power rates within reasonable level.

Philippine economy to be 80% larger by 2020

In their recently released Asia 2020 Report, one of Asia’s largest financial services groups DBS Group Holdings Ltd. said that the Philippine economy may grow 80% larger by 2020, with GDP growth trending towards 6% by that year.

Rice importer slapped with tax evasion case

On Thursday, October 13, 2011, the Bureau of Internal Revenue (BIR) filed a criminal complaint against Gerardo Caligner Teves with the Department of Justice (DOJ) for willful attempt to evade or defeat tax and deliberate failure to supply correct and accurate information in his Income Tax Return (ITR) and Value-Added Tax (VAT) Return for taxable year 2009. This is in violation of Section 254 and Section 255 of the National Internal Revenue Code of 1997, as amended (Tax Code).