The Philippines is calling for increased climate financing for vulnerable nations at the 29th Conference of the Parties (COP29) in Baku, Azerbaijan, following recent typhoons that hit the country. Department of Finance (DOF) Undersecretary Maria Luwalhati Dorotan-Tiuseco stated during the...
By DERCO ROSAL The Department of Finance (DOF) is urging swift action to finalize a new climate financing framework by next year, aiming to help developing countries balance growth and tackle climate challenges. As a major element of the Paris Agreement, the country is calling for the completion of...
The 2.2-hectare Mile Long property in Makati City will likely be up for grabs among three interested developers from the private sector, whose deep pockets would help fill government coffers sans new taxes during the Marcos Jr. administration, as promised by Finance Secretary Ralph G. Recto. The...
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...
The Department of Finance (DOF) said the full implementation of an international merchandise passport would help Filipino businesses showcase their products globally and make it easier for them to do business in foreign markets. As part of the DOF's efforts to improve the ease of doing business in...
The Department of Finance (DOF) is considering selling the government's stake in the South Luzon Expressway (SLEX) by the end of this year. Finance Undersecretary Catherine L. Fong told Manila Bulletin that the government's ownership in SLEX is included among the assets slated for privatization in...
The Department of Finance (DOF) has appointed a new chief economist and two undersecretaries to lead fiscal policy formulation and revenue operations. Charlito Martin R. Mendoza will now be the undersecretary for the Revenue Operations Group (ROG), while Domini S. Velasquez has been appointed as...
The Department of Finance (DOF) has assured that retired members of the uniformed services will not be affected by the government's proposed pension reforms currently pending in Congress. Finance Undersecretary Cielo D. Magno said one of the key features of the DOF proposal is to maintain the...
The Department of Finance (DOF) underscored the importance of public access to local government financial data in monitoring and improving the performance of local government units (LGUs). Finance Undersecretary Cielo Magno said timely, pertinent, consistent, and openly accessible data on LGU...
The Philippine Extractive Industries Transparency Initiative (PH-EITI) wants to strengthen the country’s good governance policy in managing its oil, gas and mineral resources. PH-EITI said after the Multi-Stakeholder Group (MSG) held its first meeting riday, Sept. 16, two weeks after the country...
The Department of Finance (DOF) would not throw in the towel yet on hope that Beijing could still fund the three big-ticket railway projects that were initiated by the Duterte administration. Amid reports that the Chinese loan applications for the Bicol, Subic-Clark, and Mindanao railway projects...
