The trade activity in the Philippines is continuing to show recovery, the Department of Finance (DOF) said, but the government should still continue to be vigilant with the prevalence of the highly transmissible Delta variant. In his latest DOF economic bulletin, Finance Undersecretary and Chief...
It has been five years since the Department of Agriculture (DA) proposed to take back the jurisdiction over the National Irrigation Administration (NIA), and the agency is finally getting the support it needs from other government agencies, thanks to the fact that it no longer has the same Cabinet...
The Duterte administration is negotiating with the country’s development partners to fund the procurement of booster doses for the coronavirus vaccination next year, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on late Tuesday, Oct. 5, that the government...
The national government is looking at including additional programs in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) under the proposed 2023 national budget, the Department of Finance (DOF) said. During a recent Intergovernmental Relations Body (IGRB) meeting, key officials of the...
The Bureau of Customs has donated mobile phones, laptops, educational materials and other seized goods to the Department of Education (DepEd) and other government agencies. Bureau of Customs (Photo from BOC Port of NAIA Facebook page) In a report to Finance Secretary Carlos G. Dominguez III,...
The Department of Finance (DOF) has asked the management of the state-run Philippine Crop Insurance Corp. (PCIC) to submit the detailed financial status and computation of its contingent liabilities. PCIC Chairman Carlos Dominguez In a statement, Finance Secretary Carlos G. Dominguez III said he...
The Department of Finance (DOF) is demanding rich countries to fulfill their pledge of providing the massive financing needed to reverse the devastating effects of climate change. During the Ministerial Dialogue of the Climate Vulnerable Forum (CVF), Finance Secretary Carlos G. Dominguez III has...
The Federation of Free Farmers (FFF) said the money that goes to Philippine Crop Insurance Corporation (PCIC) are government contributions to the premiums for crop insurance policies issued to farmers and not subsidies. 35199 FFF issued this clarification on efforts to to debunk claims that the...
Finance Secretary Carlos G. Dominguez III clarified that the renovation of the former headquarters of the Land Bank of the Philippines in Makati is part of the infrastructure works being undertaken by the Department of Public Works and Highways (DPWH) since 2019. Finance Secretary Carlos G....
The Department of Finance (DOF) ordered the unconditional release of a report summarizing the results of an outside audit on large-scale metallic mines across the country. In a statement, Finance Secretary Carlos G. Dominguez III ordered the “preparation and dissemination” of a report...
Imposing higher tax on Filipino billionaires whose fortunes have reached more than one billion pesos may not be a good idea with Finance Secretary Carlos G. Dominguez III warning this will only result in capital flight out of the Philippines. Finance Secretary Carlos G. Dominguez Dominguez said as...
PMFTC Inc., the local affiliate of Philip Morris International (PMI), remained the country’s largest cigarette manufacturer in terms of sin tax contributions to government revenue, data from the Department of Finance (DOF) showed. PMFTC Based on the DOF’s analysis, the company behind the...
