As the government looks for money to run a nation grappling with the impacts of the prolonged pandemic, President Duterte’s chief economic manager revealed that selling state-assets is no longer the best option. Finance Secretary Carlos Dominguez III “We don't have any more crown jewels,”...
President Duterte’s economic mangers said the economy will return to pre-pandemic levels within the next two-years, reassuring Congress that the country has the capacity for a rapid expansion pace. (JANSEN ROMERO : MANILA BULLETIN) During the House Committee on Appropriations’ deliberations on...
The government’s chief economic manager said he is “happy” with the implementation of the China-funded projects that the country received since President Duterte took the reins of power more than five-years ago. Despite skepticism about Chinese loans, Finance Secretary Carlos G. Dominguez III...
The Japan International Cooperation Agency (JICA) approved the fourth and final tranche of its standby loan, which will be used in the Philippines’ post-pandemic recovery programs, the Department of Finance (DOF) announced. JICA In a statement, Finance Secretary Carlos G. Dominguez III said the...
The government’s chief economic manager said the two-week enhanced community quarantine (ECQ) has been a big achievement for the country’s inoculation program despite the sustained surge in infections. COVID-19 vaccine Finance Secretary Carlos G. Dominguez III said Friday, August 20, that the...
The modified tariff rates on imported pork products and rice have resulted in foregone revenues for the government, but the Department of Finance (DOF) said the economic benefits far outweigh the costs. Peso Finance Undersecretary Antonette C. Tionko said the government is projected to lose P5.4...
The Delta variant-driven lockdowns imposed to curb the spread of the virus triggered the Development Budget Coordination Committee (DBCC) to significantly slash its economic growth outlook for the year. The DBCC, an inter-agency body tasked to set the country’s macroeconomic targets, further...
The Philippine Health Insurance Corp., commonly known as PhilHealth, may need to revise its coverage as the state-run company struggles to pay off its debt, the government’s chief economic manager said. PhilHealth Finance Secretary Carlos G. Dominguez III said that PhilHealth’s massive spending...
The Development Budget Coordination Committee (DBCC), an inter-agency body tasked to set the government’s macroeconomic targets, will meet tomorrow, Wednesday, August 18, to reassess the country’s recovery amid the mutating coronavirus. Finance Secretary Carlos G. Dominguez III But ahead of the...
The Insurance Commission (IC) wants to remove variable insurance products from the list of mutual fund schemes to avoid increasing costs for consumers and defeating the goal of financial inclusion for all Filipinos. Sec. Dominguez and Comm. Funa In a letter to Finance Secretary and Capital Market...
The Department of Finance (DOF) said the growing roster of real estate investment trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic, serving as one catalyst for the country's quick and strong recovery. In a statement, Finance Secretary Carlos G....
The government’s chief economic manager said the country’s recovery remains “promising” despite “speed bumps” this year. Finance Secretary Carlos Dominguez III Finance Secretary Carlos G. Dominguez III said he is still optimistic over the Philippines’ “promising” prospects for a...
