The Duterte administration’s chief economic manager has called on lawmakers to support temporary increased in pork imports at lower tariff rates to address the scarcity in the domestic supply of hog meat. Finance Secretary Carlos G. Dominguez III said the lower import tariffs and higher the...
The Duterte administration’s chief economic manager has underscored the firm resolve of the Department of Finance (DOF) to keep the country’s strong fiscal position and ensure ample financial resources in the protracted battle against the coronavirus pandemic. Speaking on the occasion of the...
The Philippine government is currently discussing with the Asian Development Bank (ADB) the viability of a plan to ‘buy out’ the older fleets of coal-fired power facilities in Mindanao grid. Finance Secretary Carlos G....
The Department of Finance (DOF) remains cautious about inflation as it expects prices of petroleum may increase at a much faster pace in the coming months. Based on the latest economic bulletin, Finance Undersecretary Gil S. Beltran said that while headline inflation had slowed last month, the rate...
The newly reconstituted Fiscal Incentives Review Board (FIRB) aims to complete the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law ahead of the deadline. Following the first meeting of the FIRB board last April 14, the body set May...
The government’s plan to provide smart mobility and traffic management solutions in Cebu City has received a grant from the United States Trade and Development Agency (USTDA). The Department of Finance (DOF), Department of Transportation (DOTr), and USTDA signed on Wednesday, April 15, a $668,000...
As House lawmakers finalize the third coronavirus relief package, the Duterte administration’s chief economic manager said the government is not relaying too much on stimulus programs in reviving the local economy. Speaking before senior executives of American and Philippine companies on...
Manila and Helsinki are looking at expanding their economic cooperation as well as closely working on climate crisis adaptation strategies, the Department of Finance said on Wednesday, April 14. During a recent virtual meeting, Finance Secretary Carlos G. Dominguez III and Finnish Ambassador to...
The Office of the President (OP) was urged to cancel the ‘stay order’ issued on mining companies with pending suspension and closure orders. This as such move will not do anything for the Philippine economy. “We demand that the Office of the President immediately cancels this ‘Stay...
The Department of Finance (DOF) is seeking public comments on the draft regulation that will set the fees for the use of the country’s unified and centralized national collateral registry. More two-years since the enactment of the Personal Property Security Act (PPSA), the draft regulation that...
State-run Development Bank of the Philippines (DBP) has started extending loans to enterprises badly hit by the economic shock of the pandemic and earmarked interest subsidies to local government units (LGUs), the Department of Finance (DOF) said. In a report submitted to the DOF, Emmanuel G....
State-lenders Land Bank of the Philippines and the Development Bank of the Philippines (DBP) received their largest capital infusions from the national government during the Duterte administration. In a statement, the Department of Finance (DOF) said the government infused a total of P53.3 billion...
