DOH The Department of Health (DOH) said it is set to discuss, together with other concerned agencies, the funding of the special risk allowance (SRA) of medical workers for this year. DOH Secretary Francisco Duque III said that he is set to meet the officials of Department of Budget and Management...
The Department of Finance (DOF) said the government will finalize within this month the Strategic Investment Priority Plan (SIPP) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. In a statement, Finance Secretary Carlos G. Dominguez III said on Wednesday, Jan. 12, that the...
Senator Sherwin Gatchalian on Wednesday appealed to the Bangko Sentral ng Pilipinas (BSP) and the banking community to suspend the collection of fees on online money transfers while COVID-19 cases continue to rise. Gatchalian said it would also be better if financial institutions and companies...
The Department of Finance (DOF) said Filipinos need to learn to live with COVID-19 despite the fear of it, but at the same time the country should remain vigilant as the coronavirus’ mutations continue to occur. As current surge accelerates way faster than the previous wave of infections, Finance...
The Department of Finance (DOF) has commended President Duterte and the members of Congress for the enactment of a law that will further liberalize the economy and open up the country to more foreign direct investments (FDIs). Finance Sec. Carlos Dominguez III In a statement, Finance Secretary...
The Department of Finance (DOF) remains optimistic that Congress will pass this year the remaining tax reform packages that aim to reform the property valuation system and simplify capital market taxation. After the legislature was able to act on a slew of economic liberalization bills in 2021,...
The Department of Finance (DOF) said the Philippines has secured about $800 million worth of financing from multilateral development banks (MDBS) in December to ensure the government has funds to procure coronavirus booster shots. Finance Undersecretary Bayani H. Agabin said on Friday, Jan. 7, that...
Despite a budget deficit breaching the P1 trillion mark, the national government’s revenue collections remained strong last year, an indication that the country is poised to achieve a robust economic recovery, a ranking finance official said. Finance Undersecretary Gil S. Beltran said there were...
The capitalization of the Real Estate Investment Trusts (REITs) in the Philippines zoomed in less than two-years, placing the country in the middle of the pack among major economies in the South and East Asian regions. In a report to Finance Secretary Carlos G. Dominguez III, the Securities and...
The prolonged pandemic has brought unprecedented economic challenges worldwide. In the Philippines, the COVID-19 crisis has wiped out the country’s gains over the past years as it incurred a staggering P1.4-trillion loan to fight the pandemic. Two years in, the virus remains very unpredictable...
After exiting from the bankruptcy protection (Chapter 11) proceedings, the Department of Finance (DOF) said the government is ready to discuss any financing request coming from flag-carrier Philippine Airlines (PAL). Finance Secretary Carlos G. Dominguez III said on Saturday, Jan. 1, that the DOF...
The Intergovernmental Relations Body (IGRB), which deals with the relations of the Bangsamoro regional government and the Philippine national government, reaffirmed its “strong resolve and commitment” to accomplish its goals of fostering functional and meaningful autonomy and lasting peace in...
