The Insurance Commission (IC) has placed another pre-need firm under conservatorship due to trust fund deficiencies, the Department of Finance (DOF) said on Thursday, March 3. In a statement released by the DOF, the IC said the agency ordered Eternal Plans Inc. (EPI) to be placed under...
Further loosening of quarantine measures in the final month of last year ushered in 797,000 additional jobs, the Department of Finance (DOF) said. In his latest DOF economic bulletin, Finance Chief Economist Gil S. Beltran said Wednesday, March 2, that loosened lockdowns generated more economic...
Two years following its merger, state-run firm Philippine Guarantee Corp. (PHILGUARANTEE) spearheaded in its performance during the second year of the pandemic, with net income jumping by almost two-fold, the Department of Finance (DOF) reported. PHILGUARANTEE is the result from the merger of two...
Malacañang said that the proposed suspension of the excise tax to address the rising price of oil in the country cannot just be implemented unless recommended by the Department of Finance (DOF) and the Development Budget Coordination Committee (DBCC). (File photo) Cabinet Secretary Karlo Nograles...
Finance Secretary Carlos G. Dominguez III has called on the media to help accelerate climate action in the country by spearheading the education and advocacy campaigns necessary to motivate Filipinos to be at the frontlines of the global fight against climate change. With media playing an...
The next administration needs to make great efforts in reducing the poverty incidence in the country after it accelerated amid the more than two year-pandemic, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III, the government’s chief economic manager, said the next...
Finance Secretary Carlos G. Dominguez III pitched before American investors Thursday night (Manila time), Feb. 24, the Philippines as a growth leader in the region and a reliable host for international partnerships. At a briefing for American business leaders and policy makers, Dominguez said the...
President Duterte will turn over to the next administration a more modernized and sophisticated customs bureau that has transformed into a highly efficient agency and automated majority of its processes on his watch, Finance Secretary Carlos G. Dominguez III said. On the occasion of the Bureau of...
The inter-agency body tasked to oversee and set the investment strategy of the Coconut Farmers and Industry Trust Fund (CFITF) vowed to optimize the use of the coco levy fund for the benefit of the coconut farmers. In a statement Thursday, Feb. 24, the Department of Finance (DOF) said the Trust...
Finance Secretary Carlos G. Dominguez III said the next administration will inherit a slew of President Duterte’s “hard-won” reforms, including several economic liberalization measures that will help fuel the Philippines’ resurgence in the years ahead. These reforms include the...
Finance Secretary Carlos G. Dominguez III has suggested that the government should consider increasing taxes on real-estate properties instead of imposing the wealth tax. “I’m against wealth tax,” Dominguez said at a virtual forum by Financial Executives Institute of the Philippines (FINEX)...
The next elected Philippine president will pay the loans secured by the Duterte administration for the country’s pandemic response, the government’s chief economic manager said on Tuesday, Feb. 22. “Looking realistically our situation, we have to pay for COVID. I mean, we cannot just have...
