Senator Panfilo Lacson on Wednesday said bared his proposed amendments to the P5-trillion national budget for 2022, which includes slashing a total of over P9-billion questionable worth of appropriations. In a statement, Lacson said he proposed reduction of funds for items such as farm-to-market...
The Philippine government’s outstanding debt nears the P12-trillion mark in October this year due to higher domestic borrowings, the Bureau of the Treasury reported on Wednesday, Dec. 1. As of October 2021, the national government’s total debt reached P11.971 trillion, up by P54.48 billion...
The Department of Finance (DOF) has beefed up its digitalization initiatives, which include facilitating trade online and making the filing of tax exemptions more convenient, to better serve the public and improve its oversight functions and policy-making processes. Finance Secretary Carlos G....
Senate Finance Committee chair Senator Sonny Angara on Sunday renewed his call for the Philippine Health Insurance Corp. (PhilHealth) to settle all of its obligations, particularly to private hospitals. Angara noted PhilHealth’s financial obligations to private hospitals have accumulated to...
Government debt, higher consumer prices, inequalities, and climate change are the four primary concerns the next administration will need to address, President Duterte’s chief economic manager said. In a statement, Finance Secretary Carlos G. Dominguez III warned that these four issues, when left...
Finance Secretary Carlos Dominguez III is luring Japanese investors, saying the country's strong financial position and game-changing initiatives have solidified the Philippines’ “brightening economic prospects.” During a recent Philippine Economic Briefing (PEB) for key government officials...
President Duterte’s economic managers will meet this week with the foreign chambers of commerce to tackle the country’s recovery initiatives and present their investment priority sectors. The economic team led by the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) will...
"This is my way of showing them what I love and helping them to an extent." When Heart Evangelista posted in her Instagram stories about something she’s cooking up, we knew we had to get more details before the official launch on November 24. “Because being a better version of yourself...
The Philippines will share the inroads it has made in translating theories on addressing climate change into actionable projects on the ground with other ASEAN peers to help accelerate adaptation and mitigation efforts meant to avert catastrophic global heating. Finance Secretary Carlos G....
Presidential aspirant Senator Christopher “Bong” Go said he fully supports efforts to restore the original proposed budget of the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) saying sufficient funding would help sustain the humanitarian and development projects in...
The Bureau of Customs (BOC) incurred P3.4 billion in forgone revenues due to lower pork import tariffs, the Department of Finance (DOF) reported on Monday, Nov. 22. The tax collection losses stemmed from the government’s effort to boost the supply of pork and stabilize its retail prices in the...
The Department of Finance (DOF) is exploring how foreign governments can contribute to the Philippines’ efforts to accelerate the decommissioning and repurposing of its coal-fired power plants. As overseas companies have a significant stake in the country’s coal-fired power plants, DOF...
