The extended enhanced community quarantine (ECQ) in Metro Manila and nearly provinces will push more than 100,000 additional Filipinos into poverty as these stringent lockdowns are seen take a heavier toll on the economy, jobs and household income. Finance Secretary Carlos G. Dominguez III and...
The Indian government has extended $50,000 worth of assistance to the Philippines' corn sector and has even initiated a bilateral exchange on agricultural technology with the Philippine government. Photo by Gaspar Uhas on Unsplash During the general membership meeting of the Philippine...
Finance Secretary Carlos G. Dominguez III said the "prompt and substantial" financing extended by the Philippines’ multilateral partners for its vaccination program will help accomplish the government’s target of herd immunity. Finance Secretary Carlos G. Dominguez III...
The Philippines and Singapore should tap each other’s strengths and explore opportunities for cooperation in developing new digital tools and technologies to take advantage of the growth of start-up companies in the region, the government’s chief economic manager said. During the virtual...
Finance Secretary Carlos G. Dominguez III commends DoubleDragon’s remarkable business acumen and resilience amid challenging times. The Department of Finance (DOF) expects the real estate investment trust (REIT) will help drive the infrastructure modernization and open more business...
The government’s chief economic manager said the private sector cannot directly import coronavirus vaccines due to existing rules that are outside the control of President Duterte. Finance Secretary Carlos G. Dominguez III said this categorically amid rising clamor from the business sector that...
The government has already secured $1.2 billion in loans to fund the purchase of coronavirus vaccines, but the Duterte administration’s chief economic manager said their rollout hinges on the suppliers’ ability to deliver the ordered doses. Finance Secretary Carlos G. Dominguez III said on...
Finance Secretary Carlos G. Dominguez III expects the Home Development Mutual Fund, commonly known as PAG-IBIG Fund, will further boost its efforts in closing the housing gap and spur domestic activity as the government rolls out its recovery program this year. During the presentation on...
Despite encouraging prospects for the local economy, the Duterte administration’s chief economic manger admitted that it would take more years before the Philippines can fully recover from the 2020 coronavirus pandemic. Speaking at the Economic Forum hosted by the Manila Times on Friday,...
Finance Secretary Carlos G. Dominguez III has directed the Bureau of Customs to keep a tighter watch over the possible misdeclaration or misclassification of pork shipments entering the country amid tightness in the supply of pork. In a statement, Dominguez warned that importers may attempt to...
The Department of Finance (DOF) will look into the concerns raised by the Action for Economic Reforms (AER) regarding some provisions under the ratified corporate recovery and tax incentives for enterprises (CREATE) bill. Two weeks since CREATE was ratified by Congress on Feb. 3, Finance Secretary...
The United States and the Department of Finance (DOF) sealed a grant that will fund the digital transformation program of the Bureau of Internal Revenue (BIR) described as “fully functional and irreversible.” During the signing ceremonies for the grant agreement Tuesday, Feb. 16, Finance...
