Tag: P40 billion

Aguirre: Gov’t “P40 billion richer” after Mighty Corp.’s payment of tax liabilities, penalties

Justice Secretary Vitaliano Aguirre said on Friday that the government was “P40 billion richer” after Mighty Corp. finally paid its tax liabilities and penalties. Aguirre disclosed this after the Department of Justice granted the Bureau of Internal Revenue’s motion to withdraw the tax evasion complaints filed against the country’s number two cigarette manufacturer. “We could consider this case as closed. (The) government of the Philippines is P40 billion richer,” Aguirre told reporters. According to the […]

Palace welcomes House’s move to allot P40 billion for free college education program

  (Eagle News) – Malacanang welcomed the recent move by the House of Representatives allotting P40 billion for year 2018 to fund the free college education that was initially proposed by President Rodrigo Duterte. In a statement, Presidential Spokesperson Ernesto Abella said that this P40 billion fund would help what the President had envisioned as a “free tertiary public education” that is a “cornerstone of the social development policy of the Duterte administration.” “We welcome […]