The Department of Finance (DOF) reported that the comprehensive tax reform program (CTRP) initiated by President Duterte since he took office has yielded more than half a trillion pesos in fresh government revenues. In a report to Finance Secretary Carlos G. Dominguez III, the DOF’s Domestic...
The camp of President-elect Bongbong Marcos has named more key entrants in his incoming Cabinet, rounding off his economic team in the process. President-elect Bongbong Marcos (Facebook) In a press briefing Monday afternoon, May 30, Press Secretary Trixie Cruz-Angeles revealed Marcos's nomination...
The series of tax reforms, unparalleled infrastructure investments and the enactment of the law that cleared the way to the long-sought return of the coco levy funds are among the lasting legacies of the Duterte administration on the economic front, a Cabinet official said. During the Duterte...
President-elect Marcos’ chief economic manager has high hopes for incoming Socioeconomic Planning Arsenio M. Balisacan, describing the latter as the “poverty guru” of the next administration tasked to bring down the nation’s poverty rate to single-digit. Incoming Finance Secretary Benjamin...
Incoming Finance Secretary Benjamin E. Diokno would seek for consensus among lawmakers and members of the executive department before pursuing the Marcos administration’s own fiscal consolidation plan. New and higher taxes are not off the table, Diokno said in an interview with Manila Bulletin,...
Instead of new and higher taxes, the incoming chief of the Department of Finance (DOF) wants to focus mainly on the government’s tax administration during the first year of President-elect Ferdinand R. Marcos Jr. Incoming Finance Secretary Benjamin E. Diokno said he is not worried about the...
Outgoing Finance Secretary Carlos G. Dominguez III said the next administration may possibly consider selling the property where the Ninoy Aquino International Airport (NAIA) is built on to raise more revenues. While privatization is not included in his fiscal consolidation program proposal to...
The average yield of palay farmers during the dry season has increased since the rice tariffication law (RTL) three-year ago, the Department of Finance (DOF) reported. In a statement, the DOF said on Thursday, May 26, that the implementation of RTL has raised palay output during the dry season from...
The 5th Governor of the Bangko Sentral ng Pilipinas (BSP) Benjamin Diokno has been nominated Secretary of the Department of Finance (DOF) by President-elect Ferdinand “Bongbong” Marcos Jr. BSP Governor Benjamin E. Diokno Read more here:...
President-elect Bongbong Marcos named new entrants to his incoming Cabinet on Thursday, May 26. President-elect Bongbong Marcos (BBM Media Office) "It would be appropriate to say that I would be nominating our BSP (Bangko Sentral ng Pilipinas) President Ben Diokno for the position of secretary of...
Senator Panfilo "Ping" M. Lacson on Thursday (May 26) said bringing down the rate of the Value-Added Tax (VAT) while removing VAT exemptions in several sectors would go a long way in raising much-needed revenues for the government while lessening the burden on ordinary Filipinos. Lacson said this...
Finance Secretary Carlos G. Dominguez III has received reports that some Bureau of Internal Revenue (BIR) personnel have allegedly harassed a number of businesses to raise money for the Department of Finance (DOF) chief’s parting gift. A “pabaon” to be given prior to his retirement on June 30...
