The Department of Finance (DOF) bucked assertions that the Philippines will be the “laggard in Asia” in a post-pandemic world. Finance Undersecretary and Chief Economist Gil S. Beltran assured the country’s stamina to endure its marathon towards inclusive and sustainable development after the...
The Department of Finance (DOF) said the exchange of information between the Department of Energy (DOE) and the government’s two main tax agencies will boost the implementation of the first-ever nationwide fuel marking program. Screen Shot 2021-05-28 at 10.31.20 AM Finance Secretary Carlos G....
Debt-watcher S&P Global’s affirmation of the Philippines’ investment grade status is a vote of confidence in the country’s medium-term growth prospects despite challenges posed by COVID-19, the government’s chief economic manager and central bank governor said. Finance Secretary Carlos...
The reforms initiated by the government to deepen the local capital markets will ensure the economy to emerge stronger and more resilient in the aftermath of the prolonged pandemic, the Duterte administration’s chief economic manager said. Finance Secretary Carlos Dominguez III said the proposed...
The Department of Finance (DOF) said the government should continue adapting fiscal reforms as tax collections begin to recover in the first three months of the year following the unprecedented spending last year due to the pandemic. Based on the latest DOF economic bulletin, Finance Undersecretary...
The Philippines has maintained its strong fiscal position with government assurances it can always afford to pay its foreign debt, the Duterte administration’s chief economic manager said. In a statement, Finance Secretary Carlos G. Dominguez III said that borrowing money has proven to be an...
The country’s recovery is not out of the woods just yet as risks posed by the coronavirus continue to threaten recent gains, the Department of Finance (DOF) said. In its latest economic bulletin on Friday, May 14, the DOF said that the pace of economic contraction in the first three-months of the...
Finance Secretary Carlos Dominguez was the highest paid member of the Duterte Cabinet last year, earning a total P4,943,153,.68 in 2020 or P301,389.76 more than what he took home a year before. Despite topping the Cabinet list, Dominguez still ranked 146th among the top earners in government led by...
The Department of Finance (DOF) has begun looking for funds for the inoculation program for young teens and for the probable need for a booster vaccination next year. Finance Secretary Carlos G. Dominguez III said on Thursday, May 13, that the government would need around P20 billion for...
The Duterte administration will revisit its medium-term macroeconomic targets and fiscal program next week following a worse-than-expected economic performance in the first-quarter. In a media advisory released by the Department of Budget and Management (DBM), it said the inter-agency Development...
The Anti-Red Tape Authority (ARTA) and four other key agencies of the government are set to issue a joint memorandum circular (JMC) that will cut down regulatory requirements for local coronavirus disease (COVID-19) vaccine manufacturers. ARTA ARTA made the statement following President Duterte's...
An administrative order implementing the Local Government Reform Project (LGRP) has been signed by President Duterte. President Duterte with Finance Secretary Carlos Dominguez III (File photo: Malacañang) In Administrative Order No. 40, the President created an Interagency Governing Board (IGB)...
