President Duterte will turn over to the next administration a more modernized and sophisticated customs bureau that has transformed into a highly efficient agency and automated majority of its processes on his watch, Finance Secretary Carlos G. Dominguez III said. On the occasion of the Bureau of...
Finance Secretary Carlos G. Dominguez III said the next administration will inherit a slew of President Duterte’s “hard-won” reforms, including several economic liberalization measures that will help fuel the Philippines’ resurgence in the years ahead. These reforms include the...
Finance Secretary Carlos G. Dominguez III has suggested that the government should consider increasing taxes on real-estate properties instead of imposing the wealth tax. “I’m against wealth tax,” Dominguez said at a virtual forum by Financial Executives Institute of the Philippines (FINEX)...
The next elected Philippine president will pay the loans secured by the Duterte administration for the country’s pandemic response, the government’s chief economic manager said on Tuesday, Feb. 22. “Looking realistically our situation, we have to pay for COVID. I mean, we cannot just have...
The Philippines will soon launch its maiden $500-million green bonds in the offshore debt markets to help raise funds for the country’s clean energy projects and other sustainable initiatives, the Department of Finance (DOF) announced. Finance Secretary Carlos G. Dominguez III said in a statement...
The Department of Finance (DOF) lauded the Securities and Exchange Commission (SEC) for making significant strides in improving the ease of doing business in the Philippines through its digital transformation. In his report to DOF Secretary Carlos G. Dominguez III, SEC Chairperson Emilio B. Aquino...
The Department of Finance (DOF) is confident that Japan’s commitment to help the Philippines’ infrastructure development and other initiatives will stay beyond President Duterte’s term. Finance Secretary Carlos G. Dominguez III expressed his confidence following the Philippines and Japan 12th...
The Securities and Exchange Commission (SEC) has collected P119.07 million in fees and penalties through its web-based system that allows cashless payment of business registrations, fees, and other charges. SEC Chairman Emilio Aquino said the fees and other charges collected through the Electronic...
The Philippines and Japan will hold another high-level meeting on infrastructure development and economic cooperation this week, the Department of Finance (DOF) announced. Via teleconferencing on Wednesday, Feb. 16, Finance Secretary Carlos G. Dominguez III will chair the Philippine side, while...
Finance Secretary Carlos G. Dominguez III said that failure to file an income tax return (ITR) was not a violation under the 1977 National Internal Revenue Code (NIRC) as failure to file tax returns has become a punishable offense only in 1992. Dominguez issued this clarification Friday, Feb. 11,...
The governments of the Philippines and Japan signed a P112.87 billion loan agreement, the second tranche funding for the construction of the Metro Manila Subway Project, the country's first-ever underground railway. Finance Secretary Carlos Dominguez III, on behalf of the Philippine government, and...
Finance Secretary Carlos G. Dominguez III has directed the government’s two main tax agencies to further fortify their respective systems against hacking and other cyber threats amid increasing number of scams perpetrated online against financial consumers. Dominguez said the Bureau of Internal...
