The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
An opposition leader in the House of Representatives welcomed on Wednesday, Oct. 20 the recommendation of Energy Secretary Alfonso Cusi to grant his department authority to suspend taxes on fuel to address rampaging increase in prices. Gasoline pump picture Deputy Minority Leader and Bayan Muna...
The Department of Finance (DOF) wants to stop burning coal in Mindanao, in line with the government’s program aimed at promoting sustainable investments. During the launching of the Philippine Sustainable Finance Roadmap and Guiding Principles on Wednesday, Oct. 20, Finance Secretary Carlos G....
The P10-billion additional budget that the House of Representatives granted the Department of Labor and Employment (DOLE) underscores the chamber’s full trust and confidence in the ability of DOLE officials to effectively address the urgent needs of millions of displaced Filipino workers....
Finance Secretary Carlos G. Dominguez III has called on young innovators to contribute their skills and ideas in the fight against climate change, and spearhead efforts to educate and motivate the country’s youth to take action in protecting the planet’s future. Finance Secretary Carlos G....
Google-Philippines-office Digital transformation can create up to P5 trillion in annual economic value by 2030, according to a new Google Philippines - commissioned report released Oct. 19, 2021. Of this value, P3.5 trillion could come from technologies that help businesses mitigate the economic...
Employees of the Department of Finance (DOF) along with attached agencies and state-owned companies, like the Bureau of Internal Revenue (BIR) and Social Security System (SSS), are told to prepare for a full-return to the workplace. Amid easing quarantine restrictions and COVID-19 infections,...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said. In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has disallowed new...
Department of Agriculture (DA) Secretary William Dar said Monday assured on Monday, Oct. 18, of sufficient agricultural products to sustain in the coming days until farmers are able to recover from the calamity amid the devastation wrought by tropical storm "Maring" last week. “Ang nakikita natin...
The Department of Finance (DOF) assured that the implementation of the Universal Health Care (UHC) law will not be affected by the government’s increasing expenditures for coronavirus treatment. Finance Secretary Carlos G. Dominguez III said the Duterte administration has proposed P80 billion for...
Opposition presidential aspirants are urged to undo the Philippines’ reliance on imported food, which was allegedly worsened by the pro-importation policy of the Duterte administration. “Public servants especially at the national level must address the most basic need of Filipinos: food. Yet,...
