The Philippines should maximize the tax incentives being offered under the Republic Act 11534 or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act to attract more foreign direct investments, according to a foreign business leader said. Chris Nelson, executive director, British...
The Department of Finance (DOF) is calling for the passage of the Warehouse Receipts Bill to professionalize the industry as well as help the country in attaining food security. In a DOF Economic Bulletin on Sunday, Dec. 26, Finance Undersecretary and Chief Economist Gil S. Beltran said storage,...
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....
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...
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,...
The Philippine economy on its way to recover lost ground, but should remain alert and not let its guard down as Omicron variant poses a threat to public health, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said on Monday, Dec. 20, 2021, that the higher-than-expected...
Mayor Francis Zamora accepted on Tuesday the awards and certificates from the Department of Finance – Bureau of Local Government Finance (DOF – BLGF) recognizing the City of San Juan as one of the top performing local government units (LGUs) in locally sourced revenue collection in the...
The Department of Finance (DOF) is confident that the higher 7 percent economic growth target set by the Duterte administration for the year is doable given the renewed consumer and business confidence in the last quarter. Finance Secretary Carlos G. Dominguez III said on Wednesday, Dec. 15, that...
The Paranaque City government ranked Top 2 among all the local government units (LGUs) in the National Capital Region (NCR) for efficient revenue collection for fiscal year 2020. Mayor Edwin Olivarez commended City Treasurer Anthony Pulmano for surpassing the collection of P5.6-billion locally...
The Department of Finance (DOF) urged authorities to be “more liberal” with importations after prices of meat and fish rose at a much faster pace in November compared with the previous month. In an Economic Bulletin on Monday, Dec. 13, Finance Chief Economist Gil S. Beltran noted that meat...
