The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions. In a report to Finance Secretary Carlos G. Dominguez III, the Securities and...
The prolonged pandemic has brought unprecedented economic challenges worldwide. In the Philippines, the COVID-19 crisis has wiped out the country’s gains over the past years as it incurred a staggering P1.4-trillion loan to fight the pandemic. Two years in, the virus remains very unpredictable...
After exiting from the bankruptcy protection (Chapter 11) proceedings, the Department of Finance (DOF) said the government is ready to discuss any financing request coming from flag-carrier Philippine Airlines (PAL). Finance Secretary Carlos G. Dominguez III said on Saturday, Jan. 1, that the DOF...
The Intergovernmental Relations Body (IGRB), which deals with the relations of the Bangsamoro regional government and the Philippine national government, reaffirmed its “strong resolve and commitment” to accomplish its goals of fostering functional and meaningful autonomy and lasting peace in...
The Department of Finance (DOF) has thrown its support behind the lifting of the ban on open-pit mining, saying the decision highlighted the government’s capability to strictly regulate extractive activities in the country. In a statement, Finance Secretary Carlos G. Dominguez III said on...
Collections of locally sourced revenues (LSRs) slightly dipped in the third-quarter, as provinces, cities, and municipalities continue to rely heavily on their respective internal revenue allotment (IRA) shares to fund operations and programs. In a report to Finance Secretary Carlos G. Dominguez...
The World Bank has remitted to the Bureau of the Treasury the government’s loan for disaster relief and rehabilitation in Typhoon Odette-hit areas, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Tuesday, Dec. 28, that the national government received from...
Pilipinas Shell Petroleum Corp. has partially paid its back taxes to the Bureau of Customs (BOC), the Department of Finance (DOF) announced on Tuesday, Dec. 28. Finance Secretary Carlos G. Dominguez III confirmed that BOC has received P1.7 billion from Pilipinas Shell, accounting for around half of...
The National Tax Research Center (NTRC) is further enhancing its existing online incentives application portal for investors to enable the government to better review and analyze the economic impact of investment perks. In a report to Finance Secretary Carlos Dominguez III, the NTRC said the online...
The government and the private sector continued to take advantage of digital technologies to make it easier and more convenient for small investors and businesses to participate in the capital markets. During a recent Capital Market Development Council (CMDC) meeting, the Bureau of the Treasury,...
The Department of Finance (DOF) will draw this week $80 million of the World Bank’s standby loan extended to the Philippines to support the national government’s disaster relief and rehabilitation efforts in provinces devastated by Typhoon “Odette.” Finance Secretary Carlos G. Dominguez III...
The Department of Finance (DOF) has ordered the quick and round-the-clock processing of applications for tax and duty exemptions of donations to communities devastated by Typhoon “Odette.” In response to President Duterte’s directive on expediting relief and rehabilitation efforts in the...
