Cesar Purisima - updates

Rappler's latest stories on Cesar Purisima


The SGV that Washington SyCip left behind

Oct 08, 2017 - 9:00 PM

(UPDATED) Washington SyCip's passing creates a void in the business relationships that directly involve or are dependent on him that will be difficult, if not impossible, to fill

How to spark growth, innovation, and imagination in life or business

Apr 01, 2017 - 11:19 AM

At TEDxForbesPark Uniqlo’s COO Katsumi Kubota data scientist Reina Reyes film director Paul Soriano and other experts say passion purpose and creativity matter

5 reasons the gold shipment complaint vs Aquino is a joke

Jan 07, 2017 - 7:53 AM

Wrong documents wrong dates wrong government posts are cited

In Perito and Cantora's affidavit, Mar Roxas is Secretary of Department of Nutrition and Local Government and Leila De Lima is Secretary of Department of Finance.

New DOF chief tells team: Drop 'fancy calculations,' be creative

Jul 01, 2016 - 2:02 PM

The DOF can no longer use its fancy calculations to continue its detachment from the everyday lives of Filipinos We need to do our job a little differently a little more creatively says new Finance Secretary Carlos Dominguez

DOF TURNOVER. Finance Secretary Carlos Dominguez takes over over Cesar Purisima on July 1, 2016.

PH warned: Brexit will affect all countries

Jun 24, 2016 - 4:38 PM

Outgoing Philippine Finance Secretary Cesar Purisima says the world has entered ‘uncharted waters’ and that the Philippines is not immune from effects

Most Aquino Cabinet members richer in 2015

Jun 22, 2016 - 5:33 PM

The assets lists of 5 Cabinet members are not yet available: Foreign Affairs Secretary Jose Rene Almendras Transportation Secretary Joseph Emilio Abaya Justice Secretary Emmanuel Caparas Trade Secretary Adrian Cristobal and Socioeconomic Planning Secretary Emmanuel Esguerra

SALN. Most members of the Aquino Cabinet grew richer in 2015. File photo by Benhur Arcayan/ Malacañang Photo Bureau

Dominguez bares tax reform plans to businessmen

Jun 21, 2016 - 2:30 PM

The reforms which include lowering both income tax and corporate tax follow suggestions from outgoing Finance Secretary Purisima

Former agriculture secretary Carlos "Sonny" Dominguez during a press conference in Davao City. Photo by Manman Dejeto/Rappler

Purisima: Enough fiscal space for more infra, social services spending

Jun 03, 2016 - 1:16 PM

The outgoing finance chief expresses confidence in the incoming economic team whose members he says have the experience and expertise to navigate a fiscally sustainable path in today s lending environment

FUTURE OF ASIA. Philippine Finance Secretary Cesar Purisima addresses the ?22nd International Conference on the Future of Asia? in Tokyo, Japan, on May 30, 2016. Photo from Cesar Purisima's Facebook page.

DOF bares tax reform proposals to incoming chief Dominguez

May 26, 2016 - 5:50 PM

The proposals of the outgoing DOF leadership include a one time tax amnesty program – excluding pending tax cases to generate widespread support

TAX TALKS. The outgoing Finance secretary Purisima (L) asks his successor Dominguez (R) to back up the department's 'holistic, equitable, and revenue-positive' tax reform proposal

Bongbong Marcos, Quiboloy on Duterte, Mansour killed | 6PM wRap

May 23, 2016 - 8:55 PM

Watch Rappler s 6PM newscast with Maria Ressa

Purisima, Dominguez prepare for DOF transition

May 23, 2016 - 1:55 PM

Purisima says Dominguez his successor has the qualities needed to lead the Department of Finance

PASS THE BATON. Purisima (R) was all praises for Dominguez (L) whom he called 'an esteemed businessman and public servant with a lengthy record of excellence.' Dominguez photo by Manman Dejeto/Rappler and Purisima photo by Adi Weda/EPA

Malaysian investors told: Keep investing in PH beyond elections

May 06, 2016 - 9:43 AM

The finance chief says the Philippines is in the right place at the right time with its favorable demographics and integration with ASEAN neighbors

SHOPTALK. Finance Secretary Cesar Purisima (right) encourages Malaysian firms to do business in the Philippines. Beside him is TAEL Partners CEO Michael Sng. Photo from Department of Finance

Gov't unsatisfied with Fitch's PH credit rating

Apr 08, 2016 - 8:30 PM

The Philippines is still underrated as it outperforms its neighbors in Southeast Asia in terms of economic growth drivers Finance Secretary Cesar Purisima says

UNDERRATED. Financial markets believe the Philippines is much less of a credit risk compared with other countries enjoying higher credit ratings. Image from Shutterstock

Italy cracks down on Philippine remittance agencies

Mar 31, 2016 - 6:13 PM

UPDATED In December 2014 RCBC s remittance company in Italy faced a hefty fine of 74 445 10 for its failure to comply with the country’s stringent anti money laundering enforcement

DISASTROUS. Finance Secretary Cesar Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double.

DOF fears closure of remittance shops abroad amid $81M heist

Mar 30, 2016 - 11:32 PM

A recruitment and migration expert says he was told by Task Force OFW in Italy that RCBC and BPI closed their remittance shops in Rome and Milan early 2016

DISASTROUS. DOF's Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double

PH to share its 'great economic story' with US investors

Mar 02, 2016 - 11:25 AM

Philippine government and business leaders aim to drum up investor interest and soothe concerns over the elections

SHINING. The government is marketing the Philippine economy as Asia's bright spot in order to entice foreign investments. File image by Rappler

Purisima to critics: PH debt position 'best in 18 years'

Feb 21, 2016 - 12:31 AM

By virtually any sensible measure we are much better off today than we were 6 or even 18 years ago with the earliest comparable annual debt data says the finance secretary

National debt at P5.954 trillion, up 3.8% from 2014 levels

Feb 04, 2016 - 6:51 PM

Despite the nominal increase debt in proportion to the country s GDP declined to 44 8 in 2015 from 45 4 in the previous year

Philippines gets credit rating upgrade from NICE

Jan 23, 2016 - 9:54 AM

With this latest credit rating action from NICE Fitch Ratings remains the only agency that assigns the minimum investment grade to the Philippines

UP A NOTCH. The upgrade anchors on improved government transparency and enhanced environment backed by expanded infrastructure

PH to join China-led bank amid sea dispute

Dec 30, 2015 - 1:57 PM

UPDATED Joining the China led AIIB eventually means more jobs and better businesses Finance Secretary Cesar Purisima says

ESTABLISHING. Chinese Finance Minister Lou Jiwei (L) gives a speech with the guests of the signing ceremony of the Asian Infrastructure Investment Bank in the Great Hall of the People in Beijing, China, 24 October 2014. File Photo EPA/Takaki Yajima / POOL

Despite US Fed decision, BSP keeps interest rates unchanged

Dec 17, 2015 - 6:58 PM

Gov t officials say there s no need to worry about the US Fed interest rate hike as the Philippines has sound macroeconomic fundamentals

UNCHANGED. The central bank’s Monetary Board has decided to keep interest rates steady amid the firm domestic demand conditions and benign inflation environment. File photo from BSP

Customs brokers press Ombudsman on case vs DOF, BIR, ex-BOC chiefs

Dec 03, 2015 - 12:31 PM

Customs brokers say the Ombudsman erred in dismissing a case against Cesar Purisima Kim Henares and John Sevilla

PURSUE CASE. Customs brokers accuse Finance Secretary Cesar Purisima (left), BIR chief Kim Henares (middle), and former BOC chief John Sevilla of issuing illegal requirements for accreditation of customs brokers

PH, Japan sign $1.99B loan for North-South commuter railway

Nov 28, 2015 - 7:30 AM

This marks the largest loan package of the Japanese government to a development partner

FIRST SLICE. The North-South Railway (Malolos-Tutuban) deal is recognized as one of the priorities in the 2011-2016 Philippine Development Plan. In the photo are (from left) DOTC Secretary Jun Abaya, Finance Secretary Cesar Purisima, and JICA's Noriaki Niwa. Photo by Chrisee Dela Paz/Rappler

BSP confident remittances to grow 5% despite August setback

Oct 17, 2015 - 3:01 PM

I believe remittances will continue to be stable at around 5 for 2015 BSP deputy governor Diwa Guinigundo says

INCREASED OFW REMITTANCES. Filipinos overseas are expected to send more money for their families here in the Philippines this quarter in preparation for the Christmas holidays. Shutterstock photo

What will stimulate PH economy until 2050?

Oct 01, 2015 - 2:19 PM

The Philippine economy can post an average growth of over 7 in the next 10 years – with quality workforce and an attractive investment climate

URBAN DECAY. Economic officials say infrastructure development in the Philippines is important to post an average GDP growth of 7% for the next 10 years. File photo

Why PH has 2nd highest income tax in ASEAN

Oct 01, 2015 - 9:00 AM

Come ASEAN integration by yearend the Philippines will have the most uninviting tax system in the region

TO CUT OR NOT TO CUT? As the ASEAN region moves toward a borderless economic community, the Philippine will have the most uninviting tax systems among its ASEAN-6 peers should the government not implement a tax cut. Image from Shutterstock

Aquino stops 'physical' check of balikbayan boxes

Aug 24, 2015 - 8:00 PM

2ND UPDATE President Aquino instructed the customs bureau Monday night that only in cases where there are derogatory findings from the X ray or K 9 examination will there be a physical inspection of goods

President Benigno S. Aquino III delivers his speech during the project briefing on the major infrastructure projects in the Province of Cebu at the Equipment Management Division of the Department of Public Works and Highways (DPWH) Region VII in Sergio Osmena Boulevard corner V. Sotto, Cebu City on Monday (August 24, 2015). (Photo by Marcelino Pascua / Malacañang Photo Bureau / PCOO)

Japan's R&I affirms Philippines at 'BBB;' outlook stable

Jul 30, 2015 - 5:31 PM

The Philippines Department of Finance however says it expected a higher rating

STABLE GROWTH. Japanese debt watcher R&I says the Philippines' economy continues to grow at a solid pace of over 6%

Gov't incurs record-high budget surplus in May

Jul 20, 2015 - 5:30 PM

The May budget surplus of P67 3B is 472 higher than the P11 8B surplus recorded in the same period in 2014

PH gets credit rating upgrade from Japan

Jul 06, 2015 - 6:32 PM

The latest upgrade from Japan Credit Rating Agency is the 22nd positive rating action for the country from international credit rating agencies like S P Moody’s and Fitch

Why PH is not yet joining the China-led infra bank

Jun 29, 2015 - 5:46 PM

The deadline to join is December 2015

TOKYO, Japan - President Benigno S. Aquino III expresses his views during the open forum for the Press Event with the Japan National Press Club (JNPC) at the Conference Hall of the Nippon Press Center Building on Friday (June 05, 2015) during his State Visit in Japan. Photo by Robert Viñas/Malacañang Photo Bureau

Cebu Action Plan gets support from APEC senior officials

Jun 13, 2015 - 5:18 PM

The Cebu Action Plan is a 4 pillar move to make economies more transparent resilient and integrated It is expected to boost infrastructure financing as well

STRENGTHENING ECONOMIES. Cebu Action Plan is set to be approved during the Finance Ministerial Meeting in September. Photo from Department of Finance

PH GDP growth slows to 3-year low: 5.2% in Q1 2015

May 28, 2015 - 10:09 AM

4th UPDATE The Philippines first quarter gross domestic product growth is below government and market expectations

10 richest Cabinet officials unchanged in 2014

May 27, 2015 - 7:02 PM

Foreign Affairs Secretary Albert del Rosario remains the richest Cabinet official while Education Secretary Armin Luistro is still the poorest in 2014

CABINET. Foreign Affairs Sec. Albert del Rosario remains the richest Cabinet official in 2014. Photo by Lauro Montellano, Jr. / Malacañang Photo Bureau

Aquino gov't fails to meet spending targets by 66%

May 25, 2015 - 7:00 PM

The Aquino administration continues to underspend as the deficit in the previous quarter stands at P33 5B versus the P98 1B target for the period

AEC 2015: Will PH firms be market disruptors?

May 21, 2015 - 10:28 AM

Businessmen analysts and senior government officials weigh in on how the Philippines will fare once the ASEAN Economic Community comes into force in December and the challenges it has to address now

READY OR NOT. Is the Philippines ready for the upcoming ASEAN economic community? File photo by Rappler

US firms express interest in PH investments

May 07, 2015 - 7:19 PM

Executives of US firms with Philippine operations also tell President Benigno Aquino III in a roundtable discussion that they are greatly satisfied with the competence and talent of their Filipino workers

BUSINESS TALKS. President Benigno Aquino III meets with the US Chamber of Commerce, US ASEAN Business Council and the National Center for APEC at the Transunion Headquarters in Chicago, USA  on May 6, 2015. Photo by Gil Nartea/Malacañang Photo Bureau

Forbes launches Forbes Philippines

May 06, 2015 - 1:40 PM

The local edition aims to use its long working cycles to dig deeper into the entrepreneurial aspect of Philippine business

Sevilla: No pressure from Ochoa, Purisima to resign

Apr 27, 2015 - 11:22 AM

The former Customs chief clarifies the Finance Secretary and the Executive Secretary talked to him about a potential reassignment of an individual within the bureau but the two respected his decision not to go through with it

STEPPING DOWN. Ex-Customs Commissioner John P Sevilla resigns, after refusing political appointments.

S&P maintains investment grade for PH

Apr 25, 2015 - 6:26 PM

The government is aiming for an A category rating over the medium term

New Customs chief: 'I will double down on reforms'

Apr 24, 2015 - 6:13 PM

Customs Commissioner Alberto Lina vows to continue the reforms started by ex chief John Sevilla and vows to move faster than usual with only a little over a year to serve in the position

NEW BOC CHIEF. Finance Secretary Cesar Purisima (Left) administers the oath on new Customs Commissioner Alberto Lina on April 24, 2015. Photo from the DOF

Firms urge gov’t to maintain PPP momentum as 2016 looms

Mar 25, 2015 - 1:24 PM

The private sector is gaining confidence in public private partnership projects as the government mulls joining a China led development bank to help narrow the infrastructure gap

Aquino sends Drilon to Lee Kuan Yew funeral

Mar 24, 2015 - 1:03 PM

Lee Kuan Yew showed us that resolute political will can positively transform nations and societies Senate President Franklin Drilon says

FOUNDING FATHER. This photograph provided by the Straits Times and taken on September 14, 2000, shows Singapore's first Prime Minister Lee Kuan Yew holding a press conference in Singapore on the launch of Part 2 of his memoirs: 'From Third World to First.' Photo by George Gascon/Straits Times/AFP

Singapore Airlines to open lounge at NAIA 3 in March

Feb 10, 2015 - 2:45 PM

Our investments this year clearly demonstrate the confidence we have in the Philippines as a tourist and business destination says Philip Goh SIA regional vice president for Southeast Asia

Filipino workers to enjoy higher tax exemption

Dec 28, 2014 - 3:52 PM

The government allows an additional P10 000 worth of benefits starting January 15

VOTER'S REGISTRATION. Overseas absentee voters register for the 2016 elections at the Philippine embassy in Riyadh, Saudi Arabia, on Tuesday, May 6, 2014. Photo by the Philippine Embassy in Riyadh

Aquino's previously canceled South Korea trip on again

Dec 09, 2014 - 7:13 PM

UPDATED The President changes his mind and decides to again push through with his trip to the ASEAN Republic of Korea ROK 25th Anniversary Summit

OFF TO CHINA, MYANMAR. President Benigno S. Aquino III delivers his departure statement during the send-off ceremony at the NAIA terminal II before he departs for the APEC and ASEAN summits, 9 Nov 2014. Photo by Robert Viñas/ Malacañang Photo Bureau

Gov't rejects labor suit dues, warns vs power rate hikes

Dec 04, 2014 - 6:12 PM

Finance Secretary Cesar Purisima says that the beneficiaries of the P60 2 billion in back wages were mostly rehired after their termination anyway

Caught on cam: Secretary Purisima dozes off at ASEAN Summit

Nov 12, 2014 - 5:42 PM

Was the finance secretary just resting his eyes at the ASEAN Plenary Session as President Aquino was speaking? He tweets a photo later showing he s wide awake

In entrepreneurship, 'responsibility key to sustainability'

Oct 03, 2014 - 12:31 PM

There is a paradox to not paying taxes By being irresponsible to community and country you are being irresponsible to yourself says Finance Secretary Cesar Purisima

PAYING TAXES. Finance Secretary Cesar Purisima and Bureau of Internal Revenue Commissioner Kim Henares encourage social entrepreneurs to contribute in nation-building through taxpaying. Photos by Linh Do/Gawad Kalinga

DOF pushes unrestricted trading of gov't securities

Sep 25, 2014 - 11:05 AM

The Bureau of Treasury aims to roll out the non restricted trading environment this September – assuming the market is ready