Local government units (LGUs) COVID-19 response amounted to P118.9 billion as of end June last year, the Department of Finance (DOF) reported on Sunday, Feb. 19. According to the Bureau of Local Government Finance (BLGF), an attached agency of the DOF, of the combined spending of LGUs on COVID-19...
66972 UBX doubling workforce in 2022 Open finance platform UBX plans to add over 200 employees, more than doubling its workforce in the country this year, to serve more consumers and businesses. “Despite the pandemic, we were able to grow our workforce to a little over 200 in 2021," disclosed UBX...
The Philippines will soon launch its maiden $500-million green bonds in the offshore debt markets to help raise funds for the country’s clean energy projects and other sustainable initiatives, the Department of Finance (DOF) announced. Finance Secretary Carlos G. Dominguez III said in a statement...
Editorial In support of the Philippine government commitment to the global climate summit last year, the Bangko Sentral ng Pilipinas last week released Annex A to the Sustainable Finance Framework that was issued in April 2020 embodying the guiding principles. Among the incentives being considered...
The Department of Finance (DOF) lauded the Securities and Exchange Commission (SEC) for making significant strides in improving the ease of doing business in the Philippines through its digital transformation. In his report to DOF Secretary Carlos G. Dominguez III, SEC Chairperson Emilio B. Aquino...
The Department of Finance (DOF) is planning to seek 30 billion yen, approximately P13.35 billion, in additional loan from the Japanese government to help fund the country’s ongoing national vaccination program. In a statement, the DOF said the planned 30 billion yen in additional financing...
The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
The International Finance Corporation has invested $100 million through a private placement of social bonds issued by Ayala Corporation subsidiary AC Health to help the development of the country’s healthcare sector. The $100-million social bond, which is first of its kind earmarked for...
The Department of Finance (DOF) is confident that Japan’s commitment to help the Philippines’ infrastructure development and other initiatives will stay beyond President Duterte’s term. Finance Secretary Carlos G. Dominguez III expressed his confidence following the Philippines and Japan 12th...
66229 Most Filipinos, 65 percent of participants in Kaspersky's latest digital payment systems survey, changed the passwords on their bank or digital wallet accounts and apps when they fall victim to online fraud. On the other hand, half of surveyed Filipino victims of online scammers and...
The Securities and Exchange Commission (SEC) has collected P119.07 million in fees and penalties through its web-based system that allows cashless payment of business registrations, fees, and other charges. SEC Chairman Emilio Aquino said the fees and other charges collected through the Electronic...
Netbank, a fully-regulated bank that offers Banking-as-a-Service solutions has unveiled Netbank Virtual ( https://virtual.netbank.ph ), an openly accessible web-based platform where anyone can freely browse, test and integrate Netbank’s financial products and solutions. “While some larger local...
