The government’s chief economic manager has backed the Department of Education (DepEd) in calling for the World Bank to issue a public apology over its outdated findings about the state of the Philippines’ education sector. In a statement on Thursday, July 8, Finance Secretary Carlos G....
House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate on Tuesday, July 6 assailed as “nonsensical” Malacanang’s claim that government lacks money to grant cash assistance to Filipinos reeling from the devastating effects of the 2019 coronavirus disease (COVID-19) pandemic....
The Bureau of Customs registered a spike in pork imports following the government’s order lowering tariffs on swine meat shipments that aims to stabilize the domestic supply and prices, the Department of Finance (DOF) said. In a report to Finance Secretary Carlos G. Dominguez III, the Customs...
Calou Yulo (MB File Photo) Gymnastics Association of the Philippines (GAP) President Cynthia Carrion is confident that Carlos Yulo is capable of winning the elusive gold medal, and possibly another silver, in the Tokyo Olympics later this month. Carrion said Yulo can rule his pet event, the floor...
Senior members of the House of Representatives on Wednesday, June 30 lashed at government’s failure to spend over P18.4 billion in funds allocated for urgent programs in response to the 2019 coronavirus disease (COVID 19) pandemic. In separate press statements, senior Deputy Minority Leader and...
The Duterte administration has completed its third foreign commercial borrowing this year. Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year...
The finance and trade departments signed the implementing rules and regulations (IRR) of the corporate recovery and tax Incentives for enterprises (CREATE) law, the government’s largest fiscal stimulus package for businesses in the country’s history. Ahead of the July 10, 2021 deadline, Finance...
The Department of Finance (DOF) thanked the Japanese government for its funding assistance extended to the Philippines that supported its coronavirus response efforts, especially in providing emergency assistance to vulnerable sectors. In a statement, Finance Secretary Carlos G. Dominguez III said...
Malampaya gas turbine Malampaya gas fields are in danger of being completely depleted as early as next year and will pose energy problems in time for next year’s political exercise. House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate revealed this information allegedly coming...
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...
President Duterte’s chief economic manager justified the multi-trillion peso borrowings for the year, citing the national government needed to rely on financing to the bridge the widening gap between revenues and expenditures. Finance Secretary Carlos G. Dominguez III said on Tuesday, June 15,...
