The Fiscal Incentives Review Board (FIRB) is not bowing down to pressure as the interagency body stood firm on its decision that the work-from-home (WFH) setup for registered information technology-business process outsourcing (IT-BPO) firms was only temporary. In a statement on Thursday, April 28,...
Finance Secretary Carlos G. Dominguez III said the robust growth of the Philippines’ now fully reopened economy, buttressed by reforms that “widen the horizon for investments,” makes it the best place in the region to do business. With Japan-based debt watcher Rating and Investment...
A budget of P2.910 billion has been allocated for the implementation of the Universal Access to Quality Tertiary Education (UAQTEA) this year, the Technical Education and Skills Development Authority (TESDA) said Wednesday, April 27. TESDA With this, TESDA said, only 53,377 existing learners...
The Japanese government has extended another loan to the Philippines for the Covid-19 recovery programs, the Department of Finance (DOF) announced on Tuesday, April 26. Tokyo and Manila signed a 30-billion yen, roughly P12.3 billion, in support of the Philippine government’s continuing efforts to...
The Philippines and India are so far gaining momentum in strengthening their ties after discussing areas of cooperation such as cybersecurity, technology, and customs among others. (Photo courtesy of DFA) "Relations between the Philippines and India gained further momentum after a bilateral meeting...
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
US firm Cerberus Frontier has completed the acquisition of the former Hanjin shipyard at the Subic Bay Freeport in Zambales, a “win-win” takeover especially for the Filipino people, according to the Department of Finance (DOF). At the reception in Washington marking Cerberus’ full takeover of...
The Technical Education and Skills Development Authority (TESDA) has launched the Project Wage-Employment and Entrepreneurial Skills Training (Project WEST). TESDA TESDA Secretary Isidro Lapeña, together with Deputy Director General for TESD Operations Lina Sarmiento and other TESDA officials on...
Secretary Rolando Joselito Bautista (DSWD) Department of Social Welfare and Development (DSWD) Secretary Rolando Joselito Bautista urged the youth to become role models and stewards of good governance during the 2022 Sangguniang Kabataan (SK) National Summit held on April 7 at the Baguio Convention...
The National Economic and Development Authority (NEDA) has recognized the role of innovation in the country’s structural transformation and transition to high-income country status. In a statement, Socioeconomic Planning Secretary Karl Kendrick T. Chua said that transition to high-income country...
State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
President Duterte’s successor should avoid accumulation of additional government debt, as the Department of Finance (DOF) said the next administration should prioritize policies that will entice more economic activity. Finance Secretary Carlos G. Dominguez III said on Thursday, April 21, that the...
