The Department of Finance (DOF) has set in motion the full implementation of the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to...
The lowering of Metro Manila’s alert level status would provide a solid, positive impact on the government’s efforts to perk up the local economy, the Department of Finance (DOF) said Thursday, Oct. 14. Finance Secretary Carlos G. Dominguez III said that downgrading the National Capital Region...
BDO Unibank has been commended by Singapore-based publication Asian Banking & Finance (ABF) for its resourcefulness in delivering its services to clients and communities even at the height of the pandemic. At the recently held Asian Banking and Finance Wholesale and Retail Banking Awards 2021,...
The Department of Finance (DOF) said that China’s heightened crackdown on online gambling is the one forcing Philippine offshore gaming operations (POGO) to close shop, and not the government’s new tax measures. Finance Secretary Carlos G. Dominguez III said the exodus of Chinese-run online...
The Senate Finance subcommittee on Tuesday, Oct. 12 swiftly approved the Commission on Audit’s (COA) proposed P14.463-billion budget for 2022. Senator Sonny Angara, chair of the Senate finance panel, automatically endorsed COA”s proposed funding to the plenary after no senators interpellated or...
President Duterte’s chief economic manager suggested that the next administration should continue in subsidizing people’s subsequent booster doses of the coronavirus vaccine to ensure the country’s economic recovery. With more COVID-19 booster shots on the horizon, Finance Secretary Carlos G....
The Department of Finance (DOF) said that most private sector institutions have overshot their September inflation forecasts, noting that analysts appeared to have expected the worst last month. In a statement, the DOF said on Monday, Oct. 11, that analysts from the private sector had a median...
More than half of the initial list of tax-delinquent social media influencers have yet to begin the sign-up process with the Bureau of the Internal Revenue (BIR) despite crackdown, the Department of Finance (DOF) said. Finance Assistant Secretary Dakila Elteen M. Napao said late Friday, Oct. 8,...
Senator Sonny Angara on Sunday said it is high time that the government prioritizes programs that would enable residents of Marawi City to rebuild their homes after being displaced by the five-month long armed conflict in 2017. Angara noted it has been four years since the Marawi City siege...
The Federation of Free Farmers (FFF) supports the proposed transfer of the National Irrigation Authority (NIA) from the Office of the President (OP) to the Department of Agriculture (DA). “It is very clear and logical that NIA should be under the DA, since all its activities are directly aimed at...
The government on Friday, Oct. 8, listed its first onshore retail dollar bonds (RDBs) in the Philippine Dealing and Exchange Corp. (PDEX), bringing closer to fulfilling its twin goals of deepening the domestic capital markets and broadening financial inclusion. During the listing, Finance Secretary...
The trade activity in the Philippines is continuing to show recovery, the Department of Finance (DOF) said, but the government should still continue to be vigilant with the prevalence of the highly transmissible Delta variant. In his latest DOF economic bulletin, Finance Undersecretary and Chief...
