The Senate Committee on Finance is pushing for an increase in the funding of the Department of Education (DepEd) and State Universities and Colleges (SUCs) in the proposed P5-trillion national budget for 2022. Sen. Sonny Angara, chair of the Senate finance panel, said the budget increase for DepEd...
The government is finalizing its sustainable finance framework for the issuance of the Philippines’ first-ever sovereign green bonds, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Friday, Nov. 19, that the establishment of the framework is a key step in...
At 16, former child star Jillian Ward now has another baby. A new car that is. On Instagram, she introduced her shiny new BMW as her "new baby car." Note that the Kapuso actress already has a pickup truck and a van. For the past years, Jillian has been proudly sharing online some of her blessings...
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...
