The highly transmissible Delta variant is posing “serious challenges” to jobs, the Department of Finance (DOF) admitted. Finance Undersecretary Gil S. Beltran said the mutations in the new coronavirus caused more than 3.8 million people dropped out of the labor force between June and July this...
Magsasaka Partylist Rep. Argel Joseph Cabatbat on Friday, Sept. 17 decried as illegal government’s decision to transfer the Philippine Crop Insurance Corporation from the Department of Agriculture to the Department of Finance. Sugarcane farmers In a press statement, Cabatbat said various farmers...
A group of farmers expressed disappointment and fear over the decision of the Duterte Administration to transfer the Philippine Crop Insurance Corporation (PCIC) from the Department of Agriculture (DA) to the Department of Finance (DOF). In a statement, the Federation of Free Farmers (FFF) said on...
Some 250 famous social medial (socmed) personalities are now being investigated by the Bureau of Internal Revenue (BIR) for possible tax evasion, the Department of Finance (DOF) said. In a statement, the DOF said on Thursday, Sept. 16, that the tax bureau is looking into an initial 250 top earning...
The country’s solid financial footing amid the ongoing pandemic validated the “good work” of the Department of Finance (DOF) as well as the correctness of the reforms and policies it has pursued, the government’s chief economic manager said. In his presentation before senators of the...
NIGHT OWL Anna Mae Lamentillo When I asked Finance Secretary Carlos “Sonny” Dominguez III if he thinks that the Philippines will become a trillion-dollar economy, his answer was an emphatic, “Of course! And not in the distant future.” Statistics prior to the COVID-19 pandemic show we are...
E-Cigarettes The Bureau of Internal Revenue (BIR) will start affixing tax stamps on e-cigarettes and heated tobacco products (HTP) to ensure tax compliance among manufacturers of these alternatives to traditional smoking. Based on BIR Revenue Regulations No. 28 dated Sept. 10, 2021, the the...
The Department of Finance (DOF) assured that the Philippines has already secured the financing for, and ordered, enough doses of COVID-19 vaccines to inoculate qualified Filipinos by the end of the year stating the country needs 9 million doses weekly arrival to meet its target to complete its...
Finance Secretary Carlos G. Dominguez III has directed the Department of Transportation to collect at least half a billion pesos in remaining charges that flag-carrier Philippines Airlines still owed to the government. Philippine Airlines Dominguez immediately asked the DOTr to “intensify...
Revenue collection from tariffs on imported rice exceeded the minimum funding requirement for the Rice Competitiveness Enhancement Fund (RCEF) in the first eight-months of the year, the Department of Finance (DOF) said. Palay In a statement, the DOF said the Bureau of Customs collected P11.69...
The Department of Finance (DOF) has urged the Senate to help guarantee the Philippines’ "strong economic rebound" from the lingering pandemic by swiftly approving the Duterte administration’s remaining economic reform measures. Finance Secretary Carlos G. Dominguez Finance Secretary Carlos G....
The Department of Finance (DOF) is lukewarm to pending proposals in Congress seeking for the creation of new government departments. DOF Building in Manila Finance Secretary Carlos G. Dominguez III, the government’s chief economic manager, explained that such proposals run counter to a global...
