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House Bill No. 4774 is credited as the original measure that led to the TRAIN Act. It was endorsed by the Department of Finance (DOF) to the Philippine House of Representatives on September 26, 2016 as the first package of a wider CTRP. It was filed before the legislature on January 17, 2017, by Congressman Dakila Cua of Quirino. Cua is also ...
Summary. Description. Republic Act No. 10963 (20171219-RA-10963-RRD).pdf. English: Republic Act No. 10963 (Tax Reform for Acceleration and Inclusion Law) PDF file on the Official Gazette of the Republic of the Philippines website, signed by President Rodrigo Duterte on December 27, 2017. Date.
In 2010, the total outstanding debt of the Philippines reached ₱4.718 trillion: ₱2.718 trillion from outstanding domestic sources and ₱2 trillion from foreign sources. According to the Department of Finance, the country has recently reduced dependency on external sources to minimize the risks caused by changes in the global exchange rates.
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
Status: In force. The Universal Access to Quality Tertiary Education Act, officially designated as Republic Act 10931, is a Philippine law that institutionalizes free tuition and exemption from other fees in state universities and colleges (SUCs), and local universities and colleges (LUCs) in the Philippines. The law also foresees subsidies for ...
Rail transportation in the Philippines. Rail transportation in the Philippines is currently used mostly to transport passengers within Metro Manila and provinces of Laguna and Quezon, as well as a commuter service in the Bicol Region. Freight transport services once operated in the country, but these services were halted.
In March 2012, the Philippine Supreme Court authorized a lower court to hear the case for voiding the contract. Instead of paying the US$184 million owed by the government in 2012, the Department of Finance was to pay the Export-Import Bank of China four installments of US$46 million from September 2012 onwards.
The Philippine National Railways ( PNR) ( Filipino: Pambansang Daambakal ng Pilipinas; Spanish: Ferrocarril Nacional de Filipinas) is a state-owned railway company in the Philippines which operates one commuter rail service between Laguna and Quezon, and local services between Sipocot, Naga and Legazpi in the Bicol Region. [5]