State-run Power Sector Assets and Liabilities Management Corp. (PSALM) wants to trim down further its financial obligations by implementing cost-cutting measures while increasing revenue collection, the Department of Finance (DOF) said. In a statement, Irene Joy Besido Garcia, PSALM president and...
President Duterte’s successor should avoid accumulation of additional government debt, as the Department of Finance (DOF) said the next administration should prioritize policies that will entice more economic activity. Finance Secretary Carlos G. Dominguez III said on Thursday, April 21, that the...
Party-list group Bayan Muna has filed a resolution initiating a probe into the P203-billion alleged unpaid estate tax of Marcos heirs, to be led by the House Committee on Good Government and Public Accountability. Members of the group PRIMO ISKO staged a protest rally in front of the Bureau of...
The Department of Finance (DOF) wants investment promotion agencies (IPAs) to maximize the P58-billion budgetary support they got from the national government by luring more investments into the country. In a statement, Finance Secretary Carlos G. Dominguez III said on Monday, April 18, that...
Following the destruction wrought by Typhoon Agaton, the Senate must expedite their version of the Permanent Evacuation Centers Bill, argued Bayan Muna Rep. Carlos Zarate. Search and rescue personnel from the Armed Forces of the Philippines and Philippine National Police assist in the retrieval...
President Duterte it yet to decide on whether or not he would extend the tour of duty of Philippine National Police (PNP) chief Gen. Dionardo Carlos. Carlos, is set to retire May 8, a day before the 2022 national and local polls, Department of the Interior and Local Government (DILG) Secretary...
The Philippine Drug Enforcement Agency (PDEA) confiscated P680,000 worth of suspected methampethamine hydrochloride or "shabu" from two alleged female drug peddlers who were arrested in a buy-bust operation in San Carlos City, Pangasinan on Black Saturday, April 16. PDEA logo The PDEA identified...
The Philippine government sold its second “green” bonds, this time in the Japanese debt market through a four-tranche yen-denominated offering, the Bureau of the Treasury announced on Wednesday, April 13. The bureau said the government raised ¥70.1 billion, roughly P28.95 billion, via a...
Finance Secretary Carlos G. Dominguez III has appointed 958 local treasury executives in the past five years to improve the fiscal position of the local government units (LGUs). In a statement released by the Department of Finance (DOF) on Wednesday, April 13, it said that Dominguez’s...
The Filipino-Belgian audiovisual director takes his creativity to the global scene Over the weekend, French music artist FKJ took everyone to the tropics with the release of his latest music video for the track dubbed “Greener.” The video, which also showcased the master guitar strumming of...
Updating the country’s property valuation system is the correct way to impose a so-called “wealth tax” that local government units (LGUs) can impose on affluent individuals, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said on Monday, April 11, that LGUs can...
PH calls for new areas of cooperation in ASEAN By Chino S. Leyco Southeast Asian countries are urged to explore new avenues for cooperation to enable the region to collectively contain the economic fallout from the ongoing conflict between Russia and Ukraine. Collective and urgent action is...
