The Department of Finance (DOF) said the return of information technology-business process management (IT-BPM) employees to on-site work would benefit local micro, small, and medium enterprises (MSMEs). In a statement on Wednesday, March 9, Finance Secretary Carlos G. Dominguez III defended the...
The Department of Finance (DOF) said the national government remains in good cash position despite recent failed domestic borrowings owing to high interest rates. Finance Secretary Carlos G. Dominguez III said Tuesday, March 8, that cash flow is not yet a problem for the government owing to P457.8...
The government’s top economic managers are crafting measures to cushion the impact of Ukraine-Russia war on the domestic economy, particularly on the prices of basic goods and commodities. While Finance Secretary Carlos G. Dominguez III believes the impact of the geopolitical crisis in Eastern...
The national government incurred more loans in January, bringing its debt above the P12-trillion mark for the first time, as the Philippines bogged down by prolonged Covid-19 pandemic. The Bureau of Treasury reported on Friday, March 4, that the government’s outstanding debt stood at P12.03...
The Department of Finance (DOF) vowed the government’s quick return to fiscal consolidation following the massive spike in budget deficit and debt ratios due to the pandemic-induced recession. At the 2022 Bureau of the Internal Revenue (BIR) National Tax Campaign Kickoff on Thursday, March 3,...
The Insurance Commission (IC) has placed another pre-need firm under conservatorship due to trust fund deficiencies, the Department of Finance (DOF) said on Thursday, March 3. In a statement released by the DOF, the IC said the agency ordered Eternal Plans Inc. (EPI) to be placed under...
Two years following its merger, state-run firm Philippine Guarantee Corp. (PHILGUARANTEE) spearheaded in its performance during the second year of the pandemic, with net income jumping by almost two-fold, the Department of Finance (DOF) reported. PHILGUARANTEE is the result from the merger of two...
Finance Secretary Carlos G. Dominguez III has called on the media to help accelerate climate action in the country by spearheading the education and advocacy campaigns necessary to motivate Filipinos to be at the frontlines of the global fight against climate change. With media playing an...
The next administration needs to make great efforts in reducing the poverty incidence in the country after it accelerated amid the more than two year-pandemic, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III, the government’s chief economic manager, said the next...
Finance Secretary Carlos G. Dominguez III pitched before American investors Thursday night (Manila time), Feb. 24, the Philippines as a growth leader in the region and a reliable host for international partnerships. At a briefing for American business leaders and policy makers, Dominguez said the...
President Duterte will turn over to the next administration a more modernized and sophisticated customs bureau that has transformed into a highly efficient agency and automated majority of its processes on his watch, Finance Secretary Carlos G. Dominguez III said. On the occasion of the Bureau of...
Finance Secretary Carlos G. Dominguez III said the next administration will inherit a slew of President Duterte’s “hard-won” reforms, including several economic liberalization measures that will help fuel the Philippines’ resurgence in the years ahead. These reforms include the...
