The Philippine National Police (PNP) has started preparing for any changes in the implementation of the quarantine protocols amid the threat of the new variant which the World Health Organization (WHO) now calls Omicron. PNP chief Gen. Dionardo Carlos said that strict implementation of quarantine...
Government debt, higher consumer prices, inequalities, and climate change are the four primary concerns the next administration will need to address, President Duterte’s chief economic manager said. In a statement, Finance Secretary Carlos G. Dominguez III warned that these four issues, when left...
Finance Secretary Carlos Dominguez III is luring Japanese investors, saying the country's strong financial position and game-changing initiatives have solidified the Philippines’ “brightening economic prospects.” During a recent Philippine Economic Briefing (PEB) for key government officials...
A must-have for history buffs and bookworms alike! Established in 1871, the Gintong Aklat Awards is conferred bi-annually by the Book Development Association of the Philippines. Outstanding Philippine books are chosen based on overall excellence, which covers quality of production, design, and...
President Duterte’s economic managers will meet this week with the foreign chambers of commerce to tackle the country’s recovery initiatives and present their investment priority sectors. The economic team led by the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP) will...
The Philippines will share the inroads it has made in translating theories on addressing climate change into actionable projects on the ground with other ASEAN peers to help accelerate adaptation and mitigation efforts meant to avert catastrophic global heating. Finance Secretary Carlos G....
The Bureau of Customs (BOC) incurred P3.4 billion in forgone revenues due to lower pork import tariffs, the Department of Finance (DOF) reported on Monday, Nov. 22. The tax collection losses stemmed from the government’s effort to boost the supply of pork and stabilize its retail prices in the...
The Department of Finance (DOF) is exploring how foreign governments can contribute to the Philippines’ efforts to accelerate the decommissioning and repurposing of its coal-fired power plants. As overseas companies have a significant stake in the country’s coal-fired power plants, DOF...
The Department of Finance (DOF) bucked the proposal seeking to impose a “super-rich” tax on Filipino billionaires as its negative impacts outweigh any potential revenue gains for the government. In a letter to House Speaker Lord Allan Jay Velasco, Finance Secretary Carlos G. Dominguez III said...
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...
House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate on Thursday, Nov. 18 dared all national candidates in the 2022 elections to clearly state their respective stand on the West Philippine Sea dispute with China. Former Rep. Nery Colmenares Zarate said the Philippine government...
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...
