Some senators on Thursday have called on the country’s banks to take responsibility for the operations of their “cash agents” to make sure that the banking public is protected, especially those who rely on “padala” or money sent by relatives to help them get by during the coronavirus...
Most local executives remained heavily dependent on income they received from the national government to fund their operations, data from the Department of Finance’s (DOF) Bureau of Local Government Finance (BLGF) revealed. Based on the latest operating income reports submitted by local...
The government incurred hefty foregone revenues due to fiscal incentives enjoyed by favored enterprises one year before the landmark congressional approval of the corporate recovery and tax incentives for enterprises (CREATE) law. According to the report submitted by the Department of Finance -...
The Philippines and Brunei Darrusalam have signed an agreement aimed at eliminating double taxation and preventing fiscal evasion on taxes on income arising from cross-border transactions between the two Southeast Asian nations. The agreement was signed by Finance Secretary Carlos G. Dominguez III...
The Department of Finance (DOF) expects the elevated rate of increase in food prices would peak this month due to rising volume of meat imports that boosted domestic supply. In a statement on Wednesday, July 14, Finance Undersecretary and Chief Economist Gil S. Beltran said that food price...
State-run National Transmission Corp. (Transco) plans to remit the company’s entire profit to the government’s coffers to help fund the country’s coronavirus response programs, the Department of Finance (DOF) revealed. In a statement, the finance department said on Tuesday, July 13, that...
The adverse impact of the prolonged pandemic will be short-lived, the government’s chief economic manager and the central bank governor said after Fitch Ratings downgraded the Philippines’ outlook to negative. BSP Gov. Benjamic Diokno and Finance Sec. Carlos Dominguez III Finance Secretary...
The Department of Finance (DOF) has flagged a possible sugar smuggling scheme employed by unscrupulous traders taking advantage of the Sugar Regulatory Administration’s (SRA) export replenishment program. In a statement on Monday, July 12, Finance Secretary Carlos G. Dominguez III said he has...
Malacañang remained optimistic that things will improve for the Philippines despite the ongoing coronavirus (COVID-19) pandemic. President Spokesman Harry Roque (File photo/Malacañang) Presidential Spokesman Harry Roque made the statement after the international monthly magazine Global...
Security Bank Corporation’s consumer finance arm SB Finance Corporation (SBF) has forged a deal with Grab Philippines to offer personal loans to Grab users, driver-partners, and merchant-partners. Under the partnership, users of the Grab app can apply for an SB Finance personal loan of up to P2...
DOH Undersecretary Maria Rosario Vergeire Countries worldwide are vulnerable to the threats brought about by the emerging variants of the virus that causes coronavirus disease (COVID-19), the Department of Health (DOH) said on Friday, July 9. “Lahat ng bansa ngayon vulnerable sa variants. Walang...
To help the country to produce globally competent and game-changing graduates in the fields of finance and accounting, a Makati-based school inked a partnership with a global professional accounting body offering chartered certified accountant qualifications. iACADEMY strengthened its global ties...
