Mostly from domestic market The large structural liquidity in the local financial system will let the government continue preferring the domestic market as a key source of its funding requirements in 2021 to mitigate the buildup of foreign exchange risks from external borrowings, a Cabinet official...
Slightly below programmed The Duterte administration is likely incurred slightly lower than programmed budget deficit last year due to favorable revenue performance, the Department of Finance (DOF) said. Speaking at the Management Association of the Philippines (MAP) virtual meeting, Finance...
At least 30 business organizations are signing a Joint Statement of Support calling for the immediate passage of the long delayed Corporate Recovery and Tax Incentives for Enterprises (CREATE) Bill with all the critical features to boost businesses and attract more investors into the country. This...
Instead of Charter change, the Duterte Administration’s chief economic manager has suggested that the lawmakers may consider the further opening up of the local economy to foreign investments. While Finance Secretary Carlos G. Dominguez III did not categorically state that he is not in favor of...
The Department of Finance (DOF) said it continues the rigorous lifestyle checks on its officials and employees as well as advocating a continuing review of processes and procedures in all its offices to further reduce opportunities for corruption. Finance Secretary Carlos G. Dominguez III said the...
Firms on wait-and-see mode Finance Secretary Carlos G. Dominguez III Investment and expansion plans in the country are currently treading water as they await the delayed approval of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, the Duterte administration’s chief...
The Department of Finance (DOF) assured that the government will practice prudence in granting regulatory relief to projects deemed critical to the Philippines’ economic recovery. In a statement, Finance Secretary Carlos G. Dominguez III said the DOF-led committee tasked to identify qualified...
The Department of Finance (DOF) thanked Japan for quickly disbursing another disaster response loan that aims to support ongoing government efforts to rehabilitate areas and help families affected by the series of powerful typhoons in the final months of last year. Finance Secretary Carlos G....
The Department of Finance (DOF) said it will comply the Supreme Court’s order barring the imposition of franchise tax on all bets generated by Philippine offshore gaming operations (POGOs) Finance Secretary Carlos G. Dominguez III said the Bureau of Internal Revenue (BIR) will halt the...
Olympic-bound athletes boxer Eumir Felix Marcial, pole vaulter EJ Obiena, gymnast Carlos Yulo, boxer Irish Magno (Handout Photos) Filipino athletes who have earned slots in the Tokyo Olympics this year are delighted by the government’s effort to have them vaccinated against COVID-19. While there...
The governments of the Philippines and India plan to explore ways of enhancing economic cooperation, especially in the areas of “financial and digital technologies” as well as infrastructure development. In a statement, the Department...
The sporting world is just one of the victims that had to be put on hold for the sake of safety against the coronavirus pandemic. The efforts of doctors, scientists, frontliners and global leaders served as glimmer of hope. Eventually, people were able to adapt to the "new normal" despite the...
