The reimposition of stricter movement restrictions will put further pressure on the local labor market that gingerly recovered with the easing of quarantine measures since April, the Department of Finance (DOF) said. In an economic bulletin, Finance Undersecretary Gil S. Beltran said the two-week...
The Department of Finance (DOF) said the growing roster of real estate investment trust (REIT) offerings will propel the growth of the Philippines’ property sector beyond the pandemic, serving as one catalyst for the country's quick and strong recovery. In a statement, Finance Secretary Carlos G....
The House of Representatives has responded positively to President Rodrigo Duterte’s appeal for the passage of a bill that would help ensure sufficient medical oxygen supply by exempting its importation from taxes. Oxygen tanks Albay Rep. Joey Sarte Salceda (2nd district, Albay) filed on...
Job creation and poverty alleviation will be a major challenge for the government next year as the Department of Finance (DOF) admitted that uncertainly about the economic recovery will remain until the pandemic is contained. DOF Building in Manila Based on the DOF’s “Macroeconomic Framework...
The Overseas Filipino Bank (OFBank) does not have to remit dividends from its 2016 earnings to the national government after President Duterte issued an order cutting its dividend rate. President Rodrigo Duterte (File photo/Malacañang) Under Executive Order No. 146, the President adjusted the...
The Department of Finance (DOF) said the coco levy trust fund is a “powerful instrument” that will reinvent the coconut industry and ensure support for farmers amid the continuing decline of copra prices in the global market. Finance Secretary Carlos G. Dominguez III said on Wednesday, August...
The Department of Finance (DOF) said the national government has sufficient funds to provide cash assistance, especially for poor families, during the two-week enhanced community quarantine (ECQ). Finance Secretary Carlos G. Dominguez III said on Wednesday, August 4, that the needed P12 billion for...
President Duterte’s chief economic manager said the country’s recovery efforts from pandemic has no room for the Bureau of Internal Revenue (BIR), the government’s main tax agency, to fail in raising much-needed revenues. After the bureau addressed the tax issues involving the prizes given to...
The Department of Science and Technology (DOST) together with partner-agencies and institutions committed Friday, July 30, to end the country’s dependence on single-use plastics by seeking better alternatives to these products while also promoting sustainable development, and economic viability....
The Department of Finance (DOF) said President Duterte has now accomplished eight tenths of his economic reform program that provided income tax cuts for individuals and corporations. In a statement, Finance Secretary Carlos G. Dominguez III said Wednesday, July 28, that 85 percent of the Duterte...
Since it’s maiden public offering 30 years ago, the market capitalization of real estate giant Ayala Land Inc. has ballooned to over P500 billion from P42 billion, making ALI among the largest companies in the Philippine Stock Exchange Index. The Philippine Stock Exchange, Inc. (PSE) and ALI have...
The Department of Finance (DOF) is crafting “a playbook” that the next administration may consider to relieve the fiscal stress caused by the prolonged pandemic on the national government. With less than a year left before President Duterte's term ends in June next year, Finance Secretary...
