With the forthcoming change in leadership, the Department of Finance (DOF) said the government should continue its reforms in the military and uniformed personnel (MUP) pension scheme to ensure the county's fiscal stability. Finance Chief Economist Gil S. Beltran said the government is spending...
The Department of Finance (DOF) has defended the implementation of the rice tariffication law (RTL), which allows unrestricted importation of rice at 35 percent tariff, as presumptive president Ferdinand “Bongbong” R. Marcos Jr. is poised to suspend the three-year law enacted by outgoing...
Finance Secretary Carlos G. Dominguez III said the administration of presumptive president Ferdinand “Bongbong” R. Marcos Jr. needs to increase government revenues while eliminating wasteful expenditures to get ahead of the country’s debt problem. After the Bureau of the Treasury reported...
Senator Cynthia A. Villar today (May 11) said she is grateful for the appreciation and recognition given to her Rice Tariffication Law (RTL) given by Department of Finance (DOF) Secretary Carlos ‘Sonny’ Dominguez. Dominguez said last month that Villar’s RTL is among the government's...
The Department of Finance (DOF) has begun the discussion with the team of presidential frontrunner Ferdinand “Bongbong” R. Marcos Jr. for a smooth transition of power. Finance Secretary Carlos G. Dominguez III said on Tuesday, May 10, that the transition process has started, describing the...
State-run National Food Authority (NFA) managed to slash its losses last year following its mandated reforms under the the rice tariffication law (RTL), the Department of Finance (DOF) said. In a report to Finance Secretary G. Carlos Dominguez III, the grains agency said that RTL enabled NFA to cut...
In a bid to save lives, AstraZeneca Philippines has signed an agreement with Security Bank Corporation and SB Finance to provide cancer patients with easier funding options for diagnostics and long-term treatment. In a statement, Security Bank said the Cancer Care Ecosystem Funding Partnership is...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
Japan’s financial support to the Philippines during the Duterte administration’s nation-building programs surpassed the amount committed by former Japanese Prime Minister Shinzo Abe five-years ago, the Department of Finance (DOF) said. According to the DOF, Japan, the Philippines’ biggest...
Beltran named first PTA president By CHINO S. LEYCO The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) Chief Economist and retired Undersecretary Gil S. Beltran as the institution’s first president. Finance Secretary and PTA Board...
The Department of Finance (DOF) wants large foreign digital service providers (DSP) to remit to the Bureau of Internal Revenue (BIR) the value-added tax (VAT) in transactions that go through their platforms. Finance Director Euvimil Nina R. Asuncion said the DOF supports House Bill (HB) No. 7425...
A demographic partnership between Manila and Tokyo has become more feasible following the enactment of economic liberalization measures that opened wide the Philippines to foreign investors, the Department of Finance (DOF) said. During his recent meeting with Japan Minister for Foreign Affairs...
