The National Power Corp. (Napocor) and the National Transmission Corp. (Transco) are planning to add more power capacity, transmission lines, and substation facilities this year to provide electricity to unserved households. In a report to Finance Secretary Carlos G. Dominguez III, the...
Finance Secretary Carlos G. Dominguez III commends DoubleDragon’s remarkable business acumen and resilience amid challenging times. The Department of Finance (DOF) expects the real estate investment trust (REIT) will help drive the infrastructure modernization and open more business...
The government will soon require cigarette manufacturers planning to set up shop in the country’s special economic zones (SEZs) to register with the Bureau of Internal Revenue (BIR), the Department of Finance (DOF) said. (Pixabay / MANILA BULLETIN) Finance Secretary Carlos G. Dominguez III said...
The national government’s debt ratio soared following its record budget deficit incurred last year due to unprecedented borrowings for the country’s coronavirus response, data from the Department of Finance (DOF) revealed. Finance Undersecretary Gil S. Beltran said on Sunday, March 21, that the...
The government’s chief economic manager said the private sector cannot directly import coronavirus vaccines due to existing rules that are outside the control of President Duterte. Finance Secretary Carlos G. Dominguez III said this categorically amid rising clamor from the business sector that...
Hike in deposit insurance The Department of Finance (DOF) said it is supporting the proposed measure seeking to increase the deposit insurance coverage provided for by the Philippine Deposit Insurance Corp. (PDIC) and the removal of the latter’s regulatory function. Finance Secretary Carlos G....
The Central Board of Assessment Appeals (CBAA) has resolved 26 cases appealed by local government units (LGUs) involving about P4.53 billion in combined real property taxes last year, the Department of Finance (DOF) said. In a report submitted to Finance Secretary Carlos Dominguez III,...
The government has already secured $1.2 billion in loans to fund the purchase of coronavirus vaccines, but the Duterte administration’s chief economic manager said their rollout hinges on the suppliers’ ability to deliver the ordered doses. Finance Secretary Carlos G. Dominguez III said on...
The Department of Finance (DOF) said on Thursday, March 11, that the Bureau of Customs will donate another batch of seized mobile phones and computers to the Department of Education (DepEd). (MANILA BULLETIN) In a statement, Finance Secretary Carlos G. Dominguez III said the Customs bureau is...
Philippines’ foreign assets reached $109.082 billion as of end-February, higher than $108.673 billion in January, the Bangko Sentral ng Pilipinas (BSP) reported. The gross international reserves or GIR, which are invested in foreign-issued securities, monetary gold, and foreign exchange, is 11.7...
The Intergovernmental Fiscal Policy Board (IFPB) has approved the guidelines on the acceptance of foreign grants and donations by the Bangsamoro government, the Department of Finance (DOF) said. Finance Undersecretary Bayani H. Agabin said the guidelines issued by the IFPB are similar to the...
The Philippine Economic Zone Authority (PEZA) is currently investigating two PEZA-registered enterprises engaged in manufacturing cigarettes for 100 percent export, which were allegedly found to be deficient in compliance with Bureau of Internal Revenue (BIR) requirements for...
