The government was awarded a $52.5 million payout for losses the country suffered due to Typhoon Odette, the Department of Finance (DOF) announced on Tuesday, Jan. 25. Many Filipinos affected by Super Typhoon Odette are still in need of help up to this day In a statement, the DOF said the...
The Securities and Exchange Commission (SEC) has tapped institutional partners to expand the reach of its financial literacy campaign that aims to encourage Filipinos to place their money in safe and secure investments. In its report to Finance Secretary Carlos G. Dominguez III, the SEC said its...
The government signaled a paradigm shift last year in the way the Philippines is tackling the worsening climate crisis sweeping the globe, President Duterte’s official representative to the Climate Change Commission (CCC) said. Screen Shot 2022-01-22 at 2.34.48 PM Finance Secretary Carlos G....
Finance Secretary Carlos G. Dominguez III approved the donation by the Bureau of Customs (BOC) to the Philippine Coast Guard (PCG) of unmarked diesel fuel seized last September and forfeited in favor of the government. The BOC and PCG have already signed a memorandum of agreement on the turnover of...
The inter-agency Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives to a P10-billion cement manufacturing project of San Miguel Equity Investments, Inc., the Department of Finance (DOF) announced. In a statement, the DOF said on Monday, Jan. 17, that the FIRB, upon the...
Finance Secretary Carlos Dominguez III has cited the initiatives of the Capital Market Development Council (CMDC) to make the Philippine financial system “broad-based and inclusive” as among the lasting legacies of the body under the Duterte administration. In step with President Duterte’s...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
The Department of Finance (DOF) remains optimistic that Congress will pass this year the remaining tax reform packages that aim to reform the property valuation system and simplify capital market taxation. After the legislature was able to act on a slew of economic liberalization bills in 2021,...
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...
