The next administration would need to continue the ongoing infrastructure projects of the current government to support foreign direct investment (FDI) inflows, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said on Friday, March 25, that the ongoing infrastructure...
The Bureau of Customs’ modernization program has automated and streamlined most of its processes and procedures in the last five-years, resulting in above-target collections despite the pandemic, the Department of Finance (DOF) reported. In a report to Finance Secretary Carlos G. Dominguez III...
A shift from a pandemic to an endemic mindset will help mitigate the impact of external shocks, such as the Russia-Ukraine crisis, as well as minimize the long-term scarring effects of Covid-19, three of the government’s economic managers said. In a joint statement on Thursday, March 24, Finance...
Dividends remitted by the Philippines Ports Authority (PPA) to the government coffers under President Duterte’s watch exceeded the sum it had contributed in more than two decades, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III on Wednesday, March...
The Department of Finance (DOF) said Information Technology Business Process Management (IT-BPM) companies registered with investment promotion agencies (IPAs) such as the Philippine Economic Zone Authority (PEZA) can choose to continue work from home (WFH) arrangements but give up their tax...
Senate leaders on Tuesday, March 22 supported the decision of President Duterte to increase the P200 monthly ‘ayuda’ (financial assistance) to needy families. Presidential candidate Senator Panfilo M. Lacson said the P200 monthly ‘ayuda’ is ‘’pathetically too little’ and P500 is still...
The Department of Finance (DOF) has proposed the creation of a risk management office (RMO) that will identify and evaluate contingent liabilities and other risks assumed by the government in relation to public private partnership (PPP) projects. In a statement, Grace Karen G. Singson said on...
Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
The Securities and Exchange Commission (SEC) has revoked the registration and secured conviction of several illegal lending companies as part of its sustained crackdown against illegal and abusive lenders, the Department of Finance (DOF) said. In a statement, the DOF cited an SEC report that showed...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
Saying that the government should do "much better", former House Speaker Alan Peter Cayetano has pitched a way for the state to muster enough funds so it can give each Filipino family P10,000 in direct cash aid or "ayuda". (Unsplash) Not only that, but Cayetano said there will also be P50 billion...
The Bureau of Internal Revenue (BIR) and the Bureau of Customs have exceeded their combined collection target, the Department of Finance (DOF) said on Thursday, March 17. In a statement, the DOF’s Revenue Operations Group (ROG) said the government’s two main tax agencies collected P2.732...
