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 local stock market ended slightly weaker even after the government announced that the economy shrank by a lower rate in the last quarter. The main index shed 11.77 points or 0.17 percent to close at 6,851.84 with only the Property and Holding Firms counters remaining in the green. Volume...
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...
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) said the Intergovernmental Relations Body (IGRB) of the national and Bangsamoro governments have resolved four mechanisms to ensure a successful and functional autonomous region in Muslim Mindanao. In a statement, Finance Secretary Carlos G. Dominguez III said...
The economic bounce-back will be anchored on the Philippines’ ability to reopen as safely as possible together with a slew of pump-priming measures buttressed by the government’s strong fiscal position, the Duterte administration’s chief economic manager said....
The Department of Finance (DOF) is working on fresh loans from multilateral financial institutions, bilateral partners and domestic creditors to fund the government’s coronavirus response programs. Finance Secretary Carlos G. Dominguez III said they are now working to borrow $1.46 billion,...
The Department of Finance (DOF) assured that the government has sufficiently funds to procure enough doses of COVID-19 vaccines from various sources in line with its target to inoculate around half of the population. In a statement, Finance Secretary Carlos Dominguez III said...
Mostly from domestic market The large structural liquidity in the local financial system will let the government continue preferring the domestic market as a key source of its funding requirements in 2021 to mitigate the buildup of foreign exchange risks from external borrowings, a Cabinet official...
