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...
President Duterte’s chief economic manger admitted yesterday that the government cannot provide the entire financial relief needed by the aviation industry to save domestic airlines badly hit by the coronavirus pandemic. Finance Secretary Carlos G. Dominguez III (DOF photo / Howard Felipe)...
The Department of Finance (DOF) ordered government financial institutions (GFIs) and its attached agencies to strengthen their shields against potential cybersecurity threats following a cyber-heist on one of the state-owned banks. Finance Secretary Carlos G. Dominguez III Finance Secretary Carlos...
The national government’s two main tax agencies exceeded their revised collection target in the first eight-months of the year, but remained lower than last year’s performance, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue...
The government’s fuel marking program has covered over 12 billion liters of petroleum products during its first-year of implementation, the Department of Finance (DOF) said. In a statement, Finance Undersecretary Antonette C. Tionko said the total volume of fuel marked from September 4 last year...
US President Donald Trump is not a taxpayer in the Philippines, but private companies “with his name” could have had paid levies to the Bureau of Internal Revenue (BIR), Finance Secretary Carlos G. Dominguez III clarified today. WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
