The Philippine economy on its way to recover lost ground, but should remain alert and not let its guard down as Omicron variant poses a threat to public health, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Monday, Dec. 20, 2021, that the higher-than-expected...
The Department of Finance (DOF) is confident that the higher 7 percent economic growth target set by the Duterte administration for the year is doable given the renewed consumer and business confidence in the last quarter. Finance Secretary Carlos G. Dominguez III said on Wednesday, Dec. 15, that...
The Department of Finance (DOF) urged authorities to be “more liberal” with importations after prices of meat and fish rose at a much faster pace in November compared with the previous month. In an Economic Bulletin on Monday, Dec. 13, Finance Chief Economist Gil S. Beltran noted that meat...
The Philippines should continue to adopt fiscal reforms, particularly tax reforms still pending in Congress, to sustain these fiscal gains, the Department of Finance (DOF) said. Based on its latest DOF economic bulletin, it noted that the recent fiscal reforms have boosted the government’s tax...
Beijing-led Asian Infrastructure Development Bank (AIIB) commended the proposal of the Department of Finance (DOF) for multilateral development banks (MDBs) to work together in incentivizing private capital flows for climate projects of developing countries. In a letter to Finance Secretary Carlos...
The San Juan City local government received another achievement after being recognized by the Department of Finance - Bureau of Local Government Finance (DOF - BLGF) as one of the top performing local government units (LGUs) in locally sourced revenue collection in the Philippines for Fiscal Year...
The national government will repay the full amount of its cash advances to the Bangko Sentral ng Pilipinas (BSP) ahead of the January maturity date, the Department of Finance (DOF) said. In a letter addressed to BSP Governor Benjamin E. Diokno, Finance Secretary Carlos G. Dominguez III said that...
The Department of Finance (DOF) urged the Department of Labor and Employment (DOLE) to harness digital technology in building a database and payout system for the labor force to efficiently and swiftly deliver aid to workers needing assistance in times of crises. In a statement, Finance Secretary...
The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the...
Government economic managers are on higher alert with the COVID-19 Omicron scare to curtail its possible impact on growth, lockdowns to contain transmission, and other collateral damage to the economy. The Department of Finance (DOF) was first to call for an effective method to minimize the...
The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms to further improve the ease of doing business in the country and spur the growth of domestic enterprises. In a report to Finance Secretary Carlos G. Dominguez III, SEC Chairman Emilio...
The Department of Finance (DOF) has beefed up its digitalization initiatives, which include facilitating trade online and making the filing of tax exemptions more convenient, to better serve the public and improve its oversight functions and policy-making processes. Finance Secretary Carlos G....
