The Department of Finance (DOF) estimated that the rate of increase in consumer prices, which has been stuck at higher levels for three consecutive months, would decline for the first time in June amid diminishing low-base effect. Finance Undersecretary and Chief Economist Gil S. Beltran said on...
The Department of Finance (DOF) said the Bureau of Internal Revenue (BIR) is set to file charges against individuals behind the alleged counterfeit cigarette tax stamps seized recently in Bacolod City. In a statement released by the DOF on Wednesday, June 9, the department quoted BIR Deputy...
The Department of Finance (DOF) is exploring a number of projects, including the first urban car cable system in the country, for possible funding by France. In a statement released on Friday, June 4, the DOF said that Finance Secretary Carlos G. Dominguez III and French Ambassador to the...
As the Bureau of Internal Revenue (BIR) ramps up digitalization initiatives, the Department of Finance (DOF) reported that nearly all income tax returns (ITRs) were filed online during the last tax filing season. In a statement released by the DOF on Thursday, June 3, it cited a BIR report stating...
The Department of Finance (DOF) bucked assertions that the Philippines will be the “laggard in Asia” in a post-pandemic world. Finance Undersecretary and Chief Economist Gil S. Beltran assured the country’s stamina to endure its marathon towards inclusive and sustainable development after the...
The Department of Finance (DOF) said the exchange of information between the Department of Energy (DOE) and the government’s two main tax agencies will boost the implementation of the first-ever nationwide fuel marking program. Screen Shot 2021-05-28 at 10.31.20 AM Finance Secretary Carlos G....
Debt-watcher S&P Global’s affirmation of the Philippines’ investment grade status is a vote of confidence in the country’s medium-term growth prospects despite challenges posed by COVID-19, the government’s chief economic manager and central bank governor said. Finance Secretary Carlos...
The reforms initiated by the government to deepen the local capital markets will ensure the economy to emerge stronger and more resilient in the aftermath of the prolonged pandemic, the Duterte administration’s chief economic manager said. Finance Secretary Carlos Dominguez III said the proposed...
The Department of Finance (DOF) said the government should continue adapting fiscal reforms as tax collections begin to recover in the first three months of the year following the unprecedented spending last year due to the pandemic. Based on the latest DOF economic bulletin, Finance Undersecretary...
The Philippines has maintained its strong fiscal position with government assurances it can always afford to pay its foreign debt, the Duterte administration’s chief economic manager said. In a statement, Finance Secretary Carlos G. Dominguez III said that borrowing money has proven to be an...
The country’s recovery is not out of the woods just yet as risks posed by the coronavirus continue to threaten recent gains, the Department of Finance (DOF) said. In its latest economic bulletin on Friday, May 14, the DOF said that the pace of economic contraction in the first three-months of the...
Finance Secretary Carlos Dominguez was the highest paid member of the Duterte Cabinet last year, earning a total P4,943,153,.68 in 2020 or P301,389.76 more than what he took home a year before. Despite topping the Cabinet list, Dominguez still ranked 146th among the top earners in government led by...
