The Department of Finance (DOF) is hopeful that the inoculation drive for economic front-liners would help hasten the easing of quarantine restrictions and generate more jobs. Finance Undersecretary Gil S. Beltran said on Thursday, June 17, that the vaccination of the A4 priority group is a welcome...
President Duterte’s chief economic manager said that additional stimulus spending for this year, if there would be any, will not be funded by borrowings. Citing “the President's policy of prudent fiscal management,” Finance Secretary Carlos G. Dominguez III said the executive department would...
The Department of Finance (DOF) said the newly formed committee tasked to streamline trade processes and modernize major customs operations will be beneficial to micro, small and medium enterprises (MSMEs). Finance Secretary Carlos G. Dominguez III said the Philippine Trade Facilitation Committee...
President Duterte’s chief economic manager urged the Governance Commission for Government-Owned and -Controlled Corporations (GCG) to incorporate the assessments made by regulatory agencies in evaluating the performance of state-run firms. In a statement, Finance Secretary Carlos G. Dominguez III...
The Duterte administration is partnering next week with young Filipinos in the latest edition of Sulong Pilipinas, this time to craft strategies on how different sectors of society can work together to counter the disastrous effects of climate change. Titled “Sulong Pilipinas 2021: Climate Change...
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) has shrugged off appeals to reverse a Bureau of Internal Revenue (BIR) regulation increasing the tax rate on private education institutions. Finance Secretary Carlos G. Dominguez III said the Coordinating Council for Private Educational Associations’...
President Duterte has signed an executive order that delegates the basic services and facilities from the national government to the local government units (LGUs) starting 2022, the Department of the Interior and Local Government (DILG) disclosed on Saturday, June 5. But DILG Secretary Eduardo Año...
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...
