Restrictions on foreign ownership of land should stay, the Duterte administration’s chief economic manger said, but non-Filipino citizens should also be allowed to lease real-estate assets for a long-term period. During the hearing on the proposed Charter change before the House Committee on...
The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
Slightly below programmed The Duterte administration is likely incurred slightly lower than programmed budget deficit last year due to favorable revenue performance, the Department of Finance (DOF) said. Speaking at the Management Association of the Philippines (MAP) virtual meeting, Finance...
At least 30 business organizations are signing a Joint Statement of Support calling for the immediate passage of the long delayed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill with all the critical features to boost businesses and attract more investors into the country. This...
The Department of Finance (DOF) said it continues the rigorous lifestyle checks on its officials and employees as well as advocating a continuing review of processes and procedures in all its offices to further reduce opportunities for corruption. Finance Secretary Carlos G. Dominguez III said the...
Firms on wait-and-see mode Finance Secretary Carlos G. Dominguez III Investment and expansion plans in the country are currently treading water as they await the delayed approval of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, the Duterte administration’s chief...
The Department of Finance (DOF) assured that the government will practice prudence in granting regulatory relief to projects deemed critical to the Philippines’ economic recovery. In a statement, Finance Secretary Carlos G. Dominguez III said the DOF-led committee tasked to identify qualified...
The governments of the Philippines and India plan to explore ways of enhancing economic cooperation, especially in the areas of “financial and digital technologies” as well as infrastructure development. In a statement, the Department...
The Philippines and Japan have reaffirmed their commitment to further build on their strong economic partnership, which includes plans to expand Japanese investments in the country following favorable developments on a tax reform measure. Newly designated Japan Ambassador to the Philippines...
The Department of Finance (DOF) said the unprecedented challenge brought by the pandemic underscored the importance of “greater solidarity and stronger collaboration among nations” to overcome the crisis and return to the path of strong global growth. Finance Secretary Carlos G....
Climate-related challenges remain formidable threats to the Philippines’ gradual recovery from the prolonged coronavirus pandemic, the Department of Finance (DOF) said. Speaking at a virtual World Bank forum, Finance Secretary Carlos G. Dominguez III acknowledged the urgency of implementing...
The Department of Finance (DOF) sees the light at the end of the tunnel as the Senate is seen to pass the corporate recovery and tax incentives for enterprises (CREATE) bill before the Congress takes its traditional Christmas break in December. In a statement, Finance Secretary Carlos G. Dominguez...
