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                    [ArticleID] => 228257
                    [Title] => Gov’t borrows P1.8-B to pay excise tax share of tobacco provinces
                    [Summary] => The Arroyo administration borrowed P1.8 billion through the issuance of five-year certificates to pay for the share of tobacco-producing areas in the proceeds of the excise tax on tobacco.


The transaction was concluded today, with the Land Bank of the Philippines (LandBank) appointed as the trustee that would securitize the receivables of local government units (LGUs) qualified to receive a share of the excise tax.


                    [DatePublished] => 2003-11-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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TOBACCO EXCISE TAX RECEIVABLE

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                    [ArticleID] => 228257
                    [Title] => Gov’t borrows P1.8-B to pay excise tax share of tobacco provinces
                    [Summary] => The Arroyo administration borrowed P1.8 billion through the issuance of five-year certificates to pay for the share of tobacco-producing areas in the proceeds of the excise tax on tobacco.


The transaction was concluded today, with the Land Bank of the Philippines (LandBank) appointed as the trustee that would securitize the receivables of local government units (LGUs) qualified to receive a share of the excise tax.


                    [DatePublished] => 2003-11-17 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
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Gov’t borrows P1.8-B to pay excise tax share of tobacco provinces

By Des Ferriols | November 17, 2003 - 12:00am

The Arroyo administration borrowed P1.8 billion through the issuance of five-year certificates to pay for the share of tobacco-producing areas in the proceeds of the excise tax on tobacco. The transaction was concluded...

Business