Davao City: The Department of Finance (DOF) said it is reviewing the bond issuances under the previous administration to avoid repeating its mistakes, particularly the zero-rated Poverty Eradication and Alleviation Certificates (PEAce) bonds 2011, which cost the government P1.4 billion in interest payments.
“It was an instruction to us to review the previous issuances, revenue regulations/memorandum
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