Regulator forms teams to audit social insurance institutions
The Insurance Commission (IC) has formed project audit teams to ensure that the country’s social insurance institutions are adopting the globally accepted Philippine Financial Reporting Standards 4 (PFRS 4), in compliance with the instructions of outgoing Finance Secretary Carlos Dominguez III.
Liberalized rice trading cuts price of staple food for Filipinos by 15%
The Department of Finance (DOF) said the liberalization of rice imports has helped slashed the prices of the country’s staple food by 15.2 percent to P39 per kilogram from P46 per kilogram.
Post-Duterte government to inherit hard-won reforms implemented the past six years
Finance Secretary Carlos Dominguez III said Wednesday the next administration will inherit a slew of President Duterte’s “hard-won” reforms, which include several economic liberalization measures to help fuel the Philippines’ resurgence in the years ahead.