Senator Aquilino “Koko” Pimentel III on Wednesday, Nov. 17 supported a proposal to increase the 2022 budget of the Department of Justice (DOJ) in order to improve the justice system in the country. Pimentel, a former Senate President, also lauded the decision to fast track the modernization of...
Senator Aquilino “Koko” Pimentel III on Wednesday, Nov. 17 supported a proposal to increase the 2022 budget of the Department of Justice (DOJ) in order to improve the justice system in the country. Pimentel, a former Senate President, also lauded the decision to fast track the modernization of...
Government economic managers expect the country to downshift to the most lenient alert level status beginning next year, allowing businesses to operate at full capacity. Finance Secretary Carlos G. Dominguez III said on Wednesday, Nov. 17, that the sustained drop in the number of COVID-19 cases is...
2021 ING-FINEX CFO of the Year, Ms. Anabelle Lim Chua, SVP, Chief Financial Officer, and Chief Risk Management Officer, PLDT. For the second straight year honoring “game-changing” CFOs, the country’s most outstanding finance steward is a woman. PLDT’s Anabelle Lim Chua was awarded the 2021...
Finance Secretary Carlos G. Dominguez III instructed the Philippine Crop Insurance Corp. (PCIC) to identify and explain its sources of funds and corresponding uses to better understand its financial status and ensure that its premium subsidies paid for by taxpayers are spent well. Dominguez said...
The Department of Finance (DOF) wants financial technology (Fintech) companies in the country to be properly regulated and taxed while encouraging the sector’s growth and continued innovation. In a statement, DOF Secretary Carlos G. Dominguez III said Tuesday, Nov. 16, that he has tasked the...
The ratio between the country’s economic output and the budget deficit incurred by the national government widened in the first nine-months of the year, the Department of Finance (DOF) said. Data from the DOF showed Monday, Nov. 15, that the Duterte administration’s fiscal gap inched up to 8.3...
The Department of Finance (DOF) has warned that the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus threatening the country’s recovery and growth prospects. Amid calls for the government to address the recent spiral in fuel prices,...
Senate Finance Committee chief Senator Sonny Angara on Friday said it is still too early to say whether or not the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC) should be abolished. “I think it’s way too early to make that judgment for the NTF-ELCAC. (It) only started to...
A new private sector-led global organization is exploring a possible country partnership with the Philippines to assist in hastening its transition to green and renewable energy (RE) sources, the Department of Finance (DOF) said. In a statement, the DOF said on Friday, Nov. 12, that Finance...
Senate Minority Leader Franklin Drilon on Friday urged newly-appointed Philippine National Police (PNP) chief Lt. Gen. Dionardo Carlos to review the PNP’s use of its anti-insurgency funds. Drilon challenged the incoming PNP leadership as he finds it suspicious that the PNP conducted about 13...
The Philippines has formally committed to reverse forest loss and land degradation by 2030, the Department of Finance (DOF) announced on Thursday, Nov. 11. In a statement, the DOF said the Department of Foreign Affairs (DFA) recently transmitted President Duterte’s letter to the government of the...
