While the green halo of renewables is highly regarded as the planet’s ultimate shield against climate change risks, the flourishing ‘silent infiltration’ of terrorist financing in many energy markets around the world is a ‘dark undercurrent’ that Philippine financial regulators will be...
Seven former secretaries of the Department of Finance (DOF) have expressed their support for utilizing excess funds from government-owned or controlled corporations (GOCCs) to finance important government projects. In a joint statement on Tuesday, Aug. 27, the former DOF chiefs said that...
The Department of Finance (DOF) is offering the government’s remaining shares in NLEX Corp. to the public, which the Pangilinan group failed to acquire due to privatization rules. Finance Undersecretary Catherine L. Fong confirmed to Manila Bulletin that the government still holds 64,920 shares...
The Department of Finance (DOF) has unveiled its comprehensive array of strategies designed to strengthen revenue operations and enhance transparency in commercial activities. Under the banner of the BRAVE framework, the DOF, along with its revenue agencies, said it is leveraging digitalization and...
Senator Joseph Victor “JV” Ejercito urged the government on Thursday, August 22 to put a stop to the planned transfer of another P10-billion of Philippine Health Insurance Corp. (PhilHealth) funds to the National Treasury. The P10-billion is supposed to be the second tranche of...
Senior Netflix officials support the bill on 12 percent value-added tax (VAT) for foreign digital service providers, citing it would level the playing field between local and international digital service providers, according to the Department of Finance (DOF). According to a Facebook post on...
President Marcos' chief economic manager said that his directive to remit unused funds from government-owned and controlled corporations (GOCCs) is prudent to improve resource management and minimize reliance on additional borrowing. In a recent radio interview, Finance Secretary Ralph G. Recto...
The Department of Finance (DOF) announced that the government's two main tax agencies have already achieved over half of their full-year collection target in just the first seven months of the year, primarily fueled by digitalization efforts. Tax revenues from the Bureau of Internal Revenue (BIR)...
Senator Sherwin Gatchalian on Sunday, August 18 said it is imperative for lawmakers to scrutinize carefully the additional subsidy being asked by the Philippine Health Insurance Corp. (PhilHealth). PhilHealth, the senator noted, is asking an additional subsidy of P70-billion for 2025...
A few months before reaching the midpoint of his six-year term, President Marcos ensured that the government was doing everything so every Filipino would benefit from the country's improving economy. File photos/Arnold Quizol Marcos said this after the Japan-based Rating and Investment Information,...
(MANILA BULLETIN) Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera is calling for greater transparency and timely reporting on the management of earmarked revenues for the proposed national budget for 2025. This, as Herrera raised the alarm on the...
Finance Secretary Ralph G. Recto said that the private sector representatives of the Maharlika Investment Corporation (MIC) board have yet to earn “a single centavo” since they were hired last year. During a Senate committee hearing with the country’s economic managers, Recto confirmed that...
