The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said. In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has disallowed new...
The Department of Finance (DOF) assured that the implementation of the Universal Health Care (UHC) law will not be affected by the government’s increasing expenditures for coronavirus treatment. Finance Secretary Carlos G. Dominguez III said the Duterte administration has proposed P80 billion for...
State-owned companies dividend payments were slashed by more than half in the first nine-months of the year, data from the Department of Finance (DOF) revealed. The DOF reported it collected P53.1 billion from government owned and controlled corporations (GOCCs) in January to September, lower by 60...
The delayed implementation of the reduced tariff on pork importation and higher import cap is slowing down the pace of food price reduction, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said the nearly three-month delayed application of Executive Order No. 128...
The Department of Finance (DOF) said the Philippines needs the passage of key economic reform measures to bring in more capital and spur job creation in the medium- to long-term. Finance Undersecretary Gil S. Beltran said Friday, Oct. 15, that Congress should pass the amendments to the Foreign...
The Bangko Sentral ng Pilipinas (BSP) is not inclined to increase the amount it lends to the national government on the back of the improving coronavirus situation in the country. BSP Governor Benjamin E. Diokno said Thursday, Oct. 14, that he does not see a need to raise the direct cash advance...
To help employers who are still reeling hard from the effects of the pandemic, the Department of Labor and Employment (DOLE) has suggested offering soft loans for them to pay for their employees' 13th month pay. (FILE PHOTO / MANILA BULLETIN) Labor Secretary Silvestre Bello III said he already...
The Department of Finance (DOF) has set in motion the full implementation of the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to...
The lowering of Metro Manila’s alert level status would provide a solid, positive impact on the government’s efforts to perk up the local economy, the Department of Finance (DOF) said Thursday, Oct. 14. Finance Secretary Carlos G. Dominguez III said that downgrading the National Capital Region...
The Department of Finance (DOF) said that China’s heightened crackdown on online gambling is the one forcing Philippine offshore gaming operations (POGO) to close shop, and not the government’s new tax measures. Finance Secretary Carlos G. Dominguez III said the exodus of Chinese-run online...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The Department of Finance (DOF) said that most private sector institutions have overshot their September inflation forecasts, noting that analysts appeared to have expected the worst last month. In a statement, the DOF said on Monday, Oct. 11, that analysts from the private sector had a median...
