With his term ending in two months, Finance Secretary Carlos G. Dominguez III boasted one “proud tradition” in the Department of Finance (DOF): policy continuity despite changes in political leadership. At the dinner hosted by Dominguez for former DOF secretaries, he said that under his watch...
Two months before his term ends, Finance Secretary Carlos G. Dominguez III thanked on Friday, April 29, his fellow workers in the Department of Finance (DOF) for their “excellence, passion and commitment.” On the occasion of the DOF’s 125th anniversary, Dominguez lauded the department’s...
The International Finance Corp. (IFC) will invest in BDO Unibank, Inc.’s sustainability bond sale that aims to help finance marine and ocean-based projects while supporting the country’s climate goals. In a statement, IFC said on Friday, April 29, that the World Bank Group unit will subscribe...
The Fiscal Incentives Review Board (FIRB) is not bowing down to pressure as the interagency body stood firm on its decision that the work-from-home (WFH) setup for registered information technology-business process outsourcing (IT-BPO) firms was only temporary. In a statement on Thursday, April 28,...
Finance Secretary Carlos G. Dominguez III said the robust growth of the Philippines’ now fully reopened economy, buttressed by reforms that “widen the horizon for investments,” makes it the best place in the region to do business. With Japan-based debt watcher Rating and Investment...
The Japanese government has extended another loan to the Philippines for the Covid-19 recovery programs, the Department of Finance (DOF) announced on Tuesday, April 26. Tokyo and Manila signed a 30-billion yen, roughly P12.3 billion, in support of the Philippine government’s continuing efforts to...
The Department of Finance (DOF) has endorsed the Subic Bay Regional Development Master Plan that will serve as blueprint to maximize the economic development potentials of the former US naval base and its surrounding areas. The DOF announced Tuesday, April 26, its official endorsement of the Subic...
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
US firm Cerberus Frontier has completed the acquisition of the former Hanjin shipyard at the Subic Bay Freeport in Zambales, a “win-win” takeover especially for the Filipino people, according to the Department of Finance (DOF). At the reception in Washington marking Cerberus’ full takeover of...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
The Department of Finance (DOF) on Thursday said it does not support the measures that seek to provide a tax exemption for teachers and other personnel who would render services during elections. The DOF made their position known at the Senate Committee on Ways and Means hearing on the various...
