Government borrowings skyrocketed last month as the coronavirus pandemic continued to strangle revenue sources, data from the Bureau of the Treasury showed. (Photographer:Julian Abram Wainwright/Bloomberg file) Gross borrowings of the Duterte...
The Bangko Sentral ng Pilipinas (BSP) will not be issuing its own central bank digital currency (CBDC) in the next three or five years, according to its highest-ranking official. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno. (Bloomberg file photo) When asked if the BSP could come...
The Development Bank of the Philippines (DBP) recently won an international award for its P841.66-million funding of a solar-powered resilient community in Sto. Tomas, Batangas. The bank bagged the Outstanding Sustainable Project Financing Award during the Karlsruhe Sustainable Finance Awards...
Finance Secretary Carlos G. Dominguez III urged local business owners to work on ways to regain the strength of consumer sentiment shattered by the uncertainty spawned by the COVID-19 pandemic. Speaking at a recent webinar hosted by the Iloilo Business Club (IBC), Dominguez said the challenge...
MB file Senators have crossed party lines to commend the Department of Finance (DOF) for its competent and efficient management of state finances in the face of the massive public spending needed to mitigate the health and economic effects of the pandemic. Senate Minority Franklin Drilon...
The Department of Finance (DOF) said that local airlines have yet to submit the final loan plan to activate their P700 million financial support earmarked under the government’s economic stimulus programs. (Manila Bulletin File Photo) Finance Secretary Carlos G. Dominguez III said the amount of...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
Despite the declining prices of locally produced palay, the Philippine government agencies are in full force to defend the Rice Tariffication Law (RTL), which allowed the unlimited entry of cheaper imported rice in the country. On Thursday (Oct. 8), four government agencies – the Department of...
Congress should immediately pass the two pending measures of the Duterte administration to help the pandemic-hit businesses that are mainly micro, small, and medium enterprises (MSMEs), the Department of Finance (DOF) said. Finance Assistant Secretary Antonio Joselito Lambino II said the Corporate...
The Asian Development Bank (ADB) urged the Southeast Asia’s policy makers to use green and innovative financing approaches to help catalyze the investments required for climate-adjusted infrastructure in the region. In a new ADB book, the Manila-based multilateral institution, said that the...
President Duterte’s chief economic manger admitted yesterday that the government cannot provide the entire financial relief needed by the aviation industry to save domestic airlines badly hit by the coronavirus pandemic. Finance Secretary Carlos G. Dominguez III (DOF photo / Howard Felipe)...
The Department of Finance (DOF) wants to revive the mining industry to create jobs in rural as well as generate revenues for the government’s efforts in rebuilding the economy hit by the pandemic. At the virtual Philippine Business Conference and Expo, Finance Secretary Carlos G. Dominguez III...
