President Duterte’s chief economic manager said that additional stimulus spending for this year, if there would be any, will not be funded by borrowings. Citing “the President's policy of prudent fiscal management,” Finance Secretary Carlos G. Dominguez III said the executive department would...
Senator Sonny Angara on Wednesday, June 16 said the Senate Committee on Finance will start deliberations on the proposed Bayanihan 3 bill once Congress resumes sessions in July. Angara, chairman of the Senate finance panel, said July would be the best time to tackle the measure as the Bayanihan to...
The Department of Finance (DOF) said the newly formed committee tasked to streamline trade processes and modernize major customs operations will be beneficial to micro, small and medium enterprises (MSMEs). Finance Secretary Carlos G. Dominguez III said the Philippine Trade Facilitation Committee...
President Duterte’s chief economic manager justified the multi-trillion peso borrowings for the year, citing the national government needed to rely on financing to the bridge the widening gap between revenues and expenditures. Finance Secretary Carlos G. Dominguez III said on Tuesday, June 15,...
Despite being behind other regional economies in terms of recovery from the malaise of the global pandemic, the government’s chief economic manager assured that the country can bounce back stronger due to sound economic fundamentals. Finance Secretary Carlos G. Dominguez III said on Tuesday, June...
Around P20 billion will be set aside by the government to procure additional coronavirus vaccines for the country's young population. Finance Secretary Carlos Dominguez III gives updates to President Rodrigo Duterte during a meeting with the Inter-Agency Task Force on the Emerging Infectious...
Businesses should invest heavily in digitalization and innovation to stay competitive as the world rapidly transitions to a new post-pandemic global economy, the government’s chief economic manager said. In a statement, Finance Secretary Carlos G. Dominguez III said on Monday, June 14, that...
The Duterte administration is partnering next week with young Filipinos in the latest edition of Sulong Pilipinas, this time to craft strategies on how different sectors of society can work together to counter the disastrous effects of climate change. Titled “Sulong Pilipinas 2021: Climate Change...
It seems that Malacañang is unlikely to reverse a Bureau of Internal Revenue (BIR) rule imposing higher corporate income tax on private schools in the country for now. President Rodrigo Duterte (File photo/Malacañang) Presidential Spokesman Harry Roque declared Thursday that the Palace supports...
The Department of Finance (DOF) estimated that the rate of increase in consumer prices, which has been stuck at higher levels for three consecutive months, would decline for the first time in June amid diminishing low-base effect. Finance Undersecretary and Chief Economist Gil S. Beltran said on...
The Department of Finance (DOF) said the Bureau of Internal Revenue (BIR) is set to file charges against individuals behind the alleged counterfeit cigarette tax stamps seized recently in Bacolod City. In a statement released by the DOF on Wednesday, June 9, the department quoted BIR Deputy...
Billions of investments in nature are needed to help countries avoid another pandemic while also generating revenues, according to biodiversity financing strategist BIOFIN Philippines. In a statement, the Biodiversity Finance Initiative (BIOFIN), a project of the Department of Environment and...
