Senator Cynthia A. Villar today (May 11) said she is grateful for the appreciation and recognition given to her Rice Tariffication Law (RTL) given by Department of Finance (DOF) Secretary Carlos ‘Sonny’ Dominguez. Dominguez said last month that Villar’s RTL is among the government's...
The Department of Finance (DOF) has begun the discussion with the team of presidential frontrunner Ferdinand “Bongbong” R. Marcos Jr. for a smooth transition of power. Finance Secretary Carlos G. Dominguez III said on Tuesday, May 10, that the transition process has started, describing the...
State-run National Food Authority (NFA) managed to slash its losses last year following its mandated reforms under the the rice tariffication law (RTL), the Department of Finance (DOF) said. In a report to Finance Secretary G. Carlos Dominguez III, the grains agency said that RTL enabled NFA to cut...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
Japan’s financial support to the Philippines during the Duterte administration’s nation-building programs surpassed the amount committed by former Japanese Prime Minister Shinzo Abe five-years ago, the Department of Finance (DOF) said. According to the DOF, Japan, the Philippines’ biggest...
Beltran named first PTA president By CHINO S. LEYCO The Board of Trustees of the Philippine Tax Academy (PTA) has unanimously voted to elect Department of Finance (DOF) Chief Economist and retired Undersecretary Gil S. Beltran as the institution’s first president. Finance Secretary and PTA Board...
The Department of Finance (DOF) wants large foreign digital service providers (DSP) to remit to the Bureau of Internal Revenue (BIR) the value-added tax (VAT) in transactions that go through their platforms. Finance Director Euvimil Nina R. Asuncion said the DOF supports House Bill (HB) No. 7425...
A demographic partnership between Manila and Tokyo has become more feasible following the enactment of economic liberalization measures that opened wide the Philippines to foreign investors, the Department of Finance (DOF) said. During his recent meeting with Japan Minister for Foreign Affairs...
With his term ending in two months, Finance Secretary Carlos G. Dominguez III boasted one “proud tradition” in the Department of Finance (DOF): policy continuity despite changes in political leadership. At the dinner hosted by Dominguez for former DOF secretaries, he said that under his watch...
Two months before his term ends, Finance Secretary Carlos G. Dominguez III thanked on Friday, April 29, his fellow workers in the Department of Finance (DOF) for their “excellence, passion and commitment.” On the occasion of the DOF’s 125th anniversary, Dominguez lauded the department’s...
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...
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...
