Finance Secretary Carlos G. Dominguez III clarified that the renovation of the former headquarters of the Land Bank of the Philippines in Makati is part of the infrastructure works being undertaken by the Department of Public Works and Highways (DPWH) since 2019. Finance Secretary Carlos G....
The Department of Finance (DOF) ordered the unconditional release of a report summarizing the results of an outside audit on large-scale metallic mines across the country. In a statement, Finance Secretary Carlos G. Dominguez III ordered the “preparation and dissemination” of a report...
State-owned Philippine Crop Insurance Corp. (PCIC) needs to be run by “industry professionals” to stop the company’s money losing business, the government’s chief economic manager said. Finance Secretary Carlos G. Dominguez III, who officially took over the chairmanship of PCIC on Friday,...
The Bureau of Customs (BOC) seized huge quantity of unmarked diesel in Pampanga following the government’s intensified implementation of the nationwide fuel marking and monitoring program to curb oil smuggling. 34336 In a statement, Customs Commissioner Rey Leonardo B. Guerrero said the bureau...
SSS mobile app The number of Social Security System (SSS) members filing unemployment-insurance claims skyrocketed since the pandemic began in March last year, the government’s chief economic manager revealed. Finance Sec. Carlos Dominguez III Since the SSS unemployment insurance benefit (UIB)...
Imposing higher tax on Filipino billionaires whose fortunes have reached more than one billion pesos may not be a good idea with Finance Secretary Carlos G. Dominguez III warning this will only result in capital flight out of the Philippines. Finance Secretary Carlos G. Dominguez Dominguez said as...
Finance Secretary Carlos G. Dominguez III urged small investors to invest in the government’s maiden onshore retail dollar bond (RDBs) offering, saying it is a “win-win proposition” that will promote financial inclusion while raising funds for the country’s coronavirus response. Finance...
The country’s solid financial footing amid the ongoing pandemic validated the “good work” of the Department of Finance (DOF) as well as the correctness of the reforms and policies it has pursued, the government’s chief economic manager said. In his presentation before senators of the...
The public listing of the Philippines’ fourth real estate investment trust (REIT) company amid the lingering pandemic confirms investor optimism in the country’s solid recovery, the government’s chief economic manager said. At the listing ceremonies in the Philippine Stock Exchange (PSE) on...
The Department of Finance (DOF) assured that the Philippines has already secured the financing for, and ordered, enough doses of COVID-19 vaccines to inoculate qualified Filipinos by the end of the year stating the country needs 9 million doses weekly arrival to meet its target to complete its...
More than 300 Japanese guests from Japan’s leading corporate and financial institutions have participated in the virtual Philippine Economic Briefing (PEB) that highlighted the Duterte administration’s efforts to push for a much stronger and more inclusive economy in the post-COVID-19 pandemic...
Finance Secretary Carlos G. Dominguez III has directed the Department of Transportation to collect at least half a billion pesos in remaining charges that flag-carrier Philippines Airlines still owed to the government. Philippine Airlines Dominguez immediately asked the DOTr to “intensify...
