The World Bank has remitted to the Bureau of the Treasury the government’s loan for disaster relief and rehabilitation in Typhoon Odette-hit areas, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Tuesday, Dec. 28, that the national government received from...
Pilipinas Shell Petroleum Corp. has partially paid its back taxes to the Bureau of Customs (BOC), the Department of Finance (DOF) announced on Tuesday, Dec. 28. Finance Secretary Carlos G. Dominguez III confirmed that BOC has received P1.7 billion from Pilipinas Shell, accounting for around half of...
The National Tax Research Center (NTRC) is further enhancing its existing online incentives application portal for investors to enable the government to better review and analyze the economic impact of investment perks. In a report to Finance Secretary Carlos Dominguez III, the NTRC said the online...
The government and the private sector continued to take advantage of digital technologies to make it easier and more convenient for small investors and businesses to participate in the capital markets. During a recent Capital Market Development Council (CMDC) meeting, the Bureau of the Treasury,...
The Department of Finance (DOF) will draw this week $80 million of the World Bank’s standby loan extended to the Philippines to support the national government’s disaster relief and rehabilitation efforts in provinces devastated by Typhoon “Odette.” Finance Secretary Carlos G. Dominguez III...
The Department of Finance (DOF) has ordered the quick and round-the-clock processing of applications for tax and duty exemptions of donations to communities devastated by Typhoon “Odette.” In response to President Duterte’s directive on expediting relief and rehabilitation efforts in the...
The Department of Finance (DOF) has called on organizations and other stakeholders promoting energy efficiency and conservation initiatives to revisit their current strategy of simply relying on fiscal incentives to implement their “green” projects. In a statement, Finance Secretary Carlos G....
House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate on Monday, Dec. 21 strongly endorsed the grant of bail to convicts who have reached their twilight years or those who have become sickly while serving their sentence. Makabayan bloc2 Zarate aired the proposal in reaction to the...
The Department of Finance (DOF) is planning to tap the World Bank disaster response loan to fund the rehabilitation efforts in Typhoon Odette- affected areas. Finance Secretary Carlos G. Dominguez III said they will activate the $500 million in contingency loan from World Bank that the government...
Deputy Speaker and Bayan Muna Rep. Carlos Isagani Zarate on Monday, Dec. 20 called on the Senate to fast track the approval of its version of the Permanent Evacuation Centers Bill that proposes to ensure safe and secured evacuation venues for victims of typhoons and other natural and man-made...
The Department of Finance (DOF) and the Agence Française de Développement (AFD) have signed a loan for disaster risk reduction at the local level, as well as disaster preparedness and response. In a statement on Monday, Dec. 20, the DOF said that the €250 million policy-based loan,...
Carlos Marin Carlos Marin, a member of classical crossover vocal group Il Divo, has passed away. This was announced by the three remaining members of Il Divo on Facebook on Dec. 20. The cause of death was not made clear, though reports in Spanish media suggested Marín was intubated after being...
