The Bureau of Local Government Finance (BLGF) continued to carry out its role of helping improve the fiscal position of the local government units (LGUs) by professionalizing the country’s local treasury service. In a statement Monday, Oct. 25, Niño Raymond Alvina, BLGF executive director, said...
The continued recovery of foreign direct investment (FDI) this year is an indicator of the Philippines’ solid long-term prospects, the Department of Finance (DOF) said. Based on the latest DOF economic bulletin, the department noted that the country’s FDI sustained its robust growth in January...
Collections of the government’s two main tax agencies surpassed the P2-trillion mark in the first nine months of the year, nearing the pre-pandemic level, the Department of Finance (DOF) reported Friday, Oct. 22. Finance Secretary Carlos G. Dominguez III said tax haul of the Bureau of Internal...
Senator Sonny Angara on Friday, Oct. 21 urged authorities and local governement officials to go the extra mile and accelerate efforts to reach out to the elder population, of which a significant portion of them remains unvaccinated to this day. Citing World Health Organization (WHO) report, Angara...
Real property valuations of local government units (LGUs) are not increasing fast enough to keep up with the market values of land in the country, the Asian Development Bank (ADB) said. During the virtual Bureau of Local Government Finance (BLGF) webinar Thursday, Oct. 21, Jose Antonio Tan III, ADB...
Revenue collection from imported rice increased this year despite decline in the price of the staple food in the world market, the Department of Finance (DOF) reported Thursday, Oct. 21. Based on the Bureau of Customs report submitted to the DOF, the agency collected P14.3 billion in rice duties...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
Senators are eyeing a special provision under the proposed 2022 General Appropriations Act (GAA) that would put an end to the practice of government agencies of transferring their funds to the Department of Budget and Management’s Procurement Service (DBM-PS) and the Philippine International...
The Department of Finance (DOF) wants to stop burning coal in Mindanao, in line with the government’s program aimed at promoting sustainable investments. During the launching of the Philippine Sustainable Finance Roadmap and Guiding Principles on Wednesday, Oct. 20, Finance Secretary Carlos G....
Finance Secretary Carlos G. Dominguez III has called on young innovators to contribute their skills and ideas in the fight against climate change, and spearhead efforts to educate and motivate the country’s youth to take action in protecting the planet’s future. Finance Secretary Carlos G....
Employees of the Department of Finance (DOF) along with attached agencies and state-owned companies, like the Bureau of Internal Revenue (BIR) and Social Security System (SSS), are told to prepare for a full-return to the workplace. Amid easing quarantine restrictions and COVID-19 infections,...
The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said. In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has disallowed new...
