The Senate Finance sub-committee on Monday, Nov. 22 approved on the Senate floor a P120-billion budget for the Department of Transportation (DOTr), or a reduction of P280-billion from the requested P400-billion budget for the DOTr and its attached agencies for 2022. The approval followed questions...
The Department of Finance (DOF) bucked the proposal seeking to impose a “super-rich” tax on Filipino billionaires as its negative impacts outweigh any potential revenue gains for the government. In a letter to House Speaker Lord Allan Jay Velasco, Finance Secretary Carlos G. Dominguez III said...
Senate Minority Leader Franklin Drilon on Sunday defended the Senate Committee on Finance’s decision to slash the budget for the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) in 2022 as he took exception to Senator Ronald “Bato” Dela Rosa’s tirades against those who...
The Senate Committee on Finance is pushing for an increase in the funding of the Department of Education (DepEd) and State Universities and Colleges (SUCs) in the proposed P5-trillion national budget for 2022. Sen. Sonny Angara, chair of the Senate finance panel, said the budget increase for DepEd...
The government is finalizing its sustainable finance framework for the issuance of the Philippines’ first-ever sovereign green bonds, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Friday, Nov. 19, that the establishment of the framework is a key step in...
At 16, former child star Jillian Ward now has another baby. A new car that is. On Instagram, she introduced her shiny new BMW as her "new baby car." Note that the Kapuso actress already has a pickup truck and a van. For the past years, Jillian has been proudly sharing online some of her blessings...
Senator Aquilino “Koko” Pimentel III on Wednesday, Nov. 17 supported a proposal to increase the 2022 budget of the Department of Justice (DOJ) in order to improve the justice system in the country. Pimentel, a former Senate President, also lauded the decision to fast track the modernization of...
Senator Aquilino “Koko” Pimentel III on Wednesday, Nov. 17 supported a proposal to increase the 2022 budget of the Department of Justice (DOJ) in order to improve the justice system in the country. Pimentel, a former Senate President, also lauded the decision to fast track the modernization of...
Government economic managers expect the country to downshift to the most lenient alert level status beginning next year, allowing businesses to operate at full capacity. Finance Secretary Carlos G. Dominguez III said on Wednesday, Nov. 17, that the sustained drop in the number of COVID-19 cases is...
2021 ING-FINEX CFO of the Year, Ms. Anabelle Lim Chua, SVP, Chief Financial Officer, and Chief Risk Management Officer, PLDT. For the second straight year honoring “game-changing” CFOs, the country’s most outstanding finance steward is a woman. PLDT’s Anabelle Lim Chua was awarded the 2021...
Finance Secretary Carlos G. Dominguez III instructed the Philippine Crop Insurance Corp. (PCIC) to identify and explain its sources of funds and corresponding uses to better understand its financial status and ensure that its premium subsidies paid for by taxpayers are spent well. Dominguez said...
The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
