Economy in 2021 MB file The Duterte administration’s chief economic manager is confident the country would see a strong recovery next year as mobility restrictions ease allowing more people to safely return to work while complying with minimum health standards. In a statement, Finance Secretary...
Finance Secretary Sonny Dominguez (NTF AGAINST COVID-19 / MANILA BULLETIN) The Department of Finance (DOF) urged the chief executives of local government units (LGUs) to borrow money to bankroll projects that would help the country recover from the coronavirus-induced global economic crisis....
Finance Secretary Carlos G. Dominguez III has thanked outgoing Japanese Ambassador Koji Haneda for a “most productive” stint in the Philippines, which saw bilateral relations between Tokyo and Manila rising to new levels of cooperation under his three-year tour of duty. Finance...
The Department of Finance (DOF) urged local chief executives to rally behind its proposed legislative measures to help the country recover from the pandemic-induced economic crisis. Finance Secretary Carlos G. Dominguez III (Bloomberg file photo) During the webinar hosted by the Bureau of...
Amid the tax predicaments raised by Petron on its refining business, the Department of Finance (DOF) indicated that it is not amenable to proposed tweaks in the country’s tax laws as applied to the supply chain of the downstream oil sector. Finance Secretary Carlos G. Dominguez III (MANILA...
The planned telecommunications infrastructure expansion of a fiber internet provider will significantly contribute to the country’s strong economic bounce-back from the coronavirus pandemic, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III During the...
Government borrowings skyrocketed last month as the coronavirus pandemic continued to strangle revenue sources, data from the Bureau of the Treasury showed. (Photographer:Julian Abram Wainwright/Bloomberg file) Gross borrowings of the Duterte...
The Bangko Sentral ng Pilipinas (BSP) will not be issuing its own central bank digital currency (CBDC) in the next three or five years, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) When asked if the BSP could come...
Finance Secretary Carlos G. Dominguez III urged local business owners to work on ways to regain the strength of consumer sentiment shattered by the uncertainty spawned by the COVID-19 pandemic. Speaking at a recent webinar hosted by the Iloilo Business Club (IBC), Dominguez said the challenge...
MB file Senators have crossed party lines to commend the Department of Finance (DOF) for its competent and efficient management of state finances in the face of the massive public spending needed to mitigate the health and economic effects of the pandemic. Senate Minority Franklin Drilon...
The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs. (Manila Bulletin File Photo) Finance Secretary Carlos G. Dominguez III said the amount of...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
