The Department of Finance (DOF) said the Intergovernmental Relations Body (IGRB) of the national and Bangsamoro governments have resolved four mechanisms to ensure a successful and functional autonomous region in Muslim Mindanao. In a statement, Finance Secretary Carlos G. Dominguez III said...
Government revenues from the private traders’ rice importations rose last year due to higher tariff rates and volume, data from the Department of Finance (DOF) showed. Based on the Bureau of Customs report submitted to the DOF, the country’s total rice imports reached 2.38 million metric tons...
The economic bounce-back will be anchored on the Philippines’ ability to reopen as safely as possible together with a slew of pump-priming measures buttressed by the government’s strong fiscal position, the Duterte administration’s chief economic manager said....
The Department of Finance (DOF) is working on fresh loans from multilateral financial institutions, bilateral partners and domestic creditors to fund the government’s coronavirus response programs. Finance Secretary Carlos G. Dominguez III said they are now working to borrow $1.46 billion,...
The Department of Finance (DOF) assured that the government has sufficiently funds to procure enough doses of COVID-19 vaccines from various sources in line with its target to inoculate around half of the population. In a statement, Finance Secretary Carlos Dominguez III said...
The Department of Agriculture (DA) needs to re-strategize amid rising prices of major food items, the Department of Finance (DOF) said. In his latest economic bulletin, Finance Undersecretary Gil S. Beltran, said the DA should look for alternative supplies of vegetables after the successive...
Mostly from domestic market The large structural liquidity in the local financial system will let the government continue preferring the domestic market as a key source of its funding requirements in 2021 to mitigate the buildup of foreign exchange risks from external borrowings, a Cabinet official...
Slightly below programmed The Duterte administration is likely incurred slightly lower than programmed budget deficit last year due to favorable revenue performance, the Department of Finance (DOF) said. Speaking at the Management Association of the Philippines (MAP) virtual meeting, Finance...
Instead of Charter change, the Duterte Administration’s chief economic manager has suggested that the lawmakers may consider the further opening up of the local economy to foreign investments. While Finance Secretary Carlos G. Dominguez III did not categorically state that he is not in favor of...
The government’s two main tax agencies have surpassed their respective collection goals last year, which the economic managers lowered in the wake of the coronavirus-induced economic crisis. Preliminary data from the Department of Finance (DOF) showed that the Bureau of Internal Revenue...
The Department of Finance (DOF) said it continues the rigorous lifestyle checks on its officials and employees as well as advocating a continuing review of processes and procedures in all its offices to further reduce opportunities for corruption. Finance Secretary Carlos G. Dominguez III said the...
Firms on wait-and-see mode Finance Secretary Carlos G. Dominguez III Investment and expansion plans in the country are currently treading water as they await the delayed approval of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, the Duterte administration’s chief...
