The Philippine peso remained firm last year despite extreme volatility in currencies and rising risks in the global economy heightened by the spread of coronavirus disease, the Department of Finance (DOF) said. In his latest economic bulletin, Finance Undersecretary Gil S. Beltran, said the peso...
The Department of Finance (DOF) welcomed the decision by US President Joe Biden to rejoin the Paris Agreement on climate change that was previously terminated by Washington. In a statement, Finance Secretary Carlos G. Dominguez III said the US president’s announcement regarding the Paris treaty...
The Department of Finance (DOF) expects the full nationwide implementation of the fuel marking program and several digitalization projects this year to improve the government’s tax administration. According to a report by the DOF’s Revenue Operations Group (ROG), it expects the fuel marking...
The administration has maintained its domestic borrowing program at P140 billion in February, but with longer tenors, data from the Bureau of the Treasury revealed. According to an online advisory, the Treasury indicated that the national government will sell P80...
With less than two-years left before the Duterte administration ends its term, the Department of Finance (DOF) urged lawmakers during the House constitutional amendments hearing that they should focus on pending measures that are “immediately doable.” Finance Secretary Carlos G. Dominguez III...
Restrictions on foreign ownership of land should stay, the Duterte administration’s chief economic manger said, but non-Filipino citizens should also be allowed to lease real-estate assets for a long-term period. During the hearing on the proposed Charter change before the House Committee on...
Local share prices fell on renewed concern over the possibility of imposition of greater restrictions in light of the growing number of new COVID-19 cases. The PSEi dropped 94.34 points or 1.33 percent to close at 6,977.16 as all sectors retreated. Volume was higher at 74.53 billion shares worth...
The Bureau of Customs’ frontline transactions are now fully automated, the Department of Finance (DOF) said. In a statement, the DOF said that Customs secured a 100-percent accomplishment rate in 2020 on its target to modernize the agency’s frontline services despite the operational challenges...
Taxes collected by the Bureau of the Internal Revenue (BIR) that coursed through electronic payment channels have now accounted for more than four-fifths, the Department of Finance (DOF) announced. Based on a report submitted by BIR Commissioner Caesar R. Dulay to the DOF, about P1.67 trillion or...
Finance Secretary Carlos G. Dominguez III vowed that the national government will meet its targets in bringing genuine autonomy to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). During the presentation of the Intergovernmental Relations Body's (IGRB) first-year...
The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
The Department of Finance (DOF) is set to enter into negotiations with the United States Trade and Development Agency (USTDA) for a possible grant for the Bureau of Internal Revenue’s (BIR) digital transformation program. In a statement, the DOF said President Rodrigo R. Duterte has...
