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...
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...
Retired police general Guillermo Lorenzo Eleazar bowed out of service with a big jump in the trust and approval ratings of the Philippine National Police (PNP). Starting with 25th in ranking in approval rating and 22nd in trust rating in the survey conducted for all government agencies on May this...
A new private sector-led global organization is exploring a possible country partnership with the Philippines to assist in hastening its transition to green and renewable energy (RE) sources, the Department of Finance (DOF) said. In a statement, the DOF said on Friday, Nov. 12, that Finance...
Senate Minority Leader Franklin Drilon on Friday urged newly-appointed Philippine National Police (PNP) chief Lt. Gen. Dionardo Carlos to review the PNP’s use of its anti-insurgency funds. Drilon challenged the incoming PNP leadership as he finds it suspicious that the PNP conducted about 13...
Carlos Yulo Carlos Yulo led the top achievers in the month of October after atoning for his Tokyo Olympic struggles with an impressive showing in the World Artistic Gymnastics Championships. After falling short in his medal bid in the Summer Games, the 21-year-old Yulo beamed with pride by taking...
The Philippines has formally committed to reverse forest loss and land degradation by 2030, the Department of Finance (DOF) announced on Thursday, Nov. 11. In a statement, the DOF said the Department of Foreign Affairs (DFA) recently transmitted President Duterte’s letter to the government of the...
He is called the police’s version of the Navy SEAL (Sea, Air, Land) and now, Police Lt. Gen. Dionardo Bernardo Carlos will be ruling over the 222,000-strong Philippine National Police (PNP). photo: Dionardo B. Carlos Facebook page Carlos will take over the leadership of the PNP on November 13,...
