The government must obligate the P173-billion from Bayanihan to Recover as One Act or Bayanihan 2 before the law expires on June 30, Senator Francis “Kiko” Pangilinan said on Sunday, June 20. Pangilinan said the government should ramp up its COVID-19 vaccination program using the funds under...
The Department of Finance (DOF) assured that the national government will to assist local airliners reeling from the prolonged coronavirus pandemic. Amid mounting financial losses of airlines due to COVID-19 headwinds, Finance Secretary Carlos G. Dominguez III said that two state-run lenders have...
The Department of Finance (DOF) is hopeful that the inoculation drive for economic front-liners would help hasten the easing of quarantine restrictions and generate more jobs. Finance Undersecretary Gil S. Beltran said on Thursday, June 17, that the vaccination of the A4 priority group is a welcome...
President Duterte’s chief economic manager said that additional stimulus spending for this year, if there would be any, will not be funded by borrowings. Citing “the President's policy of prudent fiscal management,” Finance Secretary Carlos G. Dominguez III said the executive department would...
The Department of Finance (DOF) said the newly formed committee tasked to streamline trade processes and modernize major customs operations will be beneficial to micro, small and medium enterprises (MSMEs). Finance Secretary Carlos G. Dominguez III said the Philippine Trade Facilitation Committee...
Around P20 billion will be set aside by the government to procure additional coronavirus vaccines for the country's young population. Finance Secretary Carlos Dominguez III gives updates to President Rodrigo Duterte during a meeting with the Inter-Agency Task Force on the Emerging Infectious...
The Duterte administration is partnering next week with young Filipinos in the latest edition of Sulong Pilipinas, this time to craft strategies on how different sectors of society can work together to counter the disastrous effects of climate change. Titled “Sulong Pilipinas 2021: Climate Change...
It seems that Malacañang is unlikely to reverse a Bureau of Internal Revenue (BIR) rule imposing higher corporate income tax on private schools in the country for now. President Rodrigo Duterte (File photo/Malacañang) Presidential Spokesman Harry Roque declared Thursday that the Palace supports...
The Department of Finance (DOF) estimated that the rate of increase in consumer prices, which has been stuck at higher levels for three consecutive months, would decline for the first time in June amid diminishing low-base effect. Finance Undersecretary and Chief Economist Gil S. Beltran said on...
The Department of Finance (DOF) said the Bureau of Internal Revenue (BIR) is set to file charges against individuals behind the alleged counterfeit cigarette tax stamps seized recently in Bacolod City. In a statement released by the DOF on Wednesday, June 9, the department quoted BIR Deputy...
The Department of Finance (DOF) is exploring a number of projects, including the first urban car cable system in the country, for possible funding by France. In a statement released on Friday, June 4, the DOF said that Finance Secretary Carlos G. Dominguez III and French Ambassador to the...
As the Bureau of Internal Revenue (BIR) ramps up digitalization initiatives, the Department of Finance (DOF) reported that nearly all income tax returns (ITRs) were filed online during the last tax filing season. In a statement released by the DOF on Thursday, June 3, it cited a BIR report stating...
