The National Economic and Development Authority (NEDA) is confident that strong domestic demand would withstand the adverse affects of the Russia-Ukraine conflict that threatens the country’s return to pre-pandemic levels within the first-quarter. At a virtual briefing on Tuesday, March 15,...
The Fiscal Incentives Review Board (FIRB) has approved the tax incentives for a P1.5-billion Cebu-based roll on roll off (RoRo) operator that aims to help modernize the shipping industry and increase competition. Finance Secretary Carlos G. Dominguez III said Tuesday, March 15, that the FIRB...
Insurance claims related to the pandemic reached P16.71 billion in the past two years, with life coverages accounting for more than half of the payouts, the Department of Finance (DOF) said. In a report to Finance Secretary Carlos G. Dominguez III, the Insurance Commission said 23 percent or P3.89...
Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat expressed optimism that more foreign tourists will visit the country with the easing of travel restrictions starting next month. The DOT announced on Friday, March 11, that there will be no longer limitation on the number of...
Personal income tax (PIT), which is withheld from an employee's salary and paid to the government, remained a major revenue stream for the government despite the lowering of rates on individual taxpayers and the pandemic-induced economic slowdown. Data released from the Department of Finance (DOF)...
The Department of Finance (DOF) announced the launch of a new project that aims to assist six climate-vulnerable cities in adapting to, and mitigating the effects of, climate change. On Thursday, March 10, the DOF launched the $15 million, or P750 million, five-year Climate Resilient Cities (CRC)...
President Duterte has appointed Presidential Adviser on Overseas Filipino Workers (OFWs) Abdullah Mama-o as the first secretary of the newly created Department of Migrant Workers (DOMW), Malacañang announced. File photo of President Duterte and new Department of Migrant Workers Abdullah Mama-o...
The Department of Finance (DOF) said the return of information technology-business process management (IT-BPM) employees to on-site work would benefit local micro, small, and medium enterprises (MSMEs). In a statement on Wednesday, March 9, Finance Secretary Carlos G. Dominguez III defended the...
The Civil Service Commission (CSC) welcomed the ad interim appointment of former Cabinet Secretary Karlo Alexei B. Nograles as the new chief of the agency. (Photo from Karlo Nograles' Facebook / MANILA BULLETIN) In a statement on Wednesday, March 9, Commissioner Aileen Lourdes A. Lizada said that...
The Department of Foreign Affairs (DFA) will no longer allot passport appointment slots for recruiters of overseas Filipino workers (OFWs) starting March 14. Foreign Affairs Secretary Teodoro Locsin Jr. (PCOO / FILE PHOTO / MANILA BULLETIN) "Recruiters will no longer be given passport slots. They...
The Department of Finance (DOF) said the national government remains in good cash position despite recent failed domestic borrowings owing to high interest rates. Finance Secretary Carlos G. Dominguez III said Tuesday, March 8, that cash flow is not yet a problem for the government owing to P457.8...
International Women’s Day is not only a special day to remember the struggles faced by women across the globe, it is a chance to reflect on how women led, ruled, and played an equal role with men, said Department of Education (DepED) Secretary Leonor Briones on Tuesday, March 8. DepED Secretary...
