The Department of Finance urged Congress to pass the remaining tax packages plus other priority reforms of the government to help the country recover from the coronavirus pandemic. During the virtual Sulong Pilipinas 2021 forum on Monday, April 26, Finance...
The Department of Finance (DOF) said green shoots of the Philippine economic recovery are growing, citing two recent data indicating growth in trade and manufacturing sectors. In an Economic Bulletin released by the DOF, Finance Undersecretary and Chief Economist Gil S. Beltran noted that recovery...
The Duterte administration’s economic managers said the decision by the Rating and Investment Information Inc. (R&I) keeping the Philippines’ investment grade status was a vote of confidence on the economy’s COVID-19 recovery and growth prospects. In a statement, Finance Secretary Carlos...
The Department of Finance (DOF) said that local government units (LGUs) should perform in transforming the country’s most congested cities into walkable, pedestrian-friendly communities. In a statement, Finance Secretary Carlos G. Dominguez III has underscored the key role of LGUs in creating...
The Duterte administration’s chief economic manager has called on lawmakers to support temporary increased in pork imports at lower tariff rates to address the scarcity in the domestic supply of hog meat. Finance Secretary Carlos G. Dominguez III said the lower import tariffs and higher the...
The Duterte administration’s chief economic manager has underscored the firm resolve of the Department of Finance (DOF) to keep the country’s strong fiscal position and ensure ample financial resources in the protracted battle against the coronavirus pandemic. Speaking on the occasion of the...
The Philippine government is currently discussing with the Asian Development Bank (ADB) the viability of a plan to ‘buy out’ the older fleets of coal-fired power facilities in Mindanao grid. Finance Secretary Carlos G....
The Department of Finance (DOF) remains cautious about inflation as it expects prices of petroleum may increase at a much faster pace in the coming months. Based on the latest economic bulletin, Finance Undersecretary Gil S. Beltran said that while headline inflation had slowed last month, the rate...
The newly reconstituted Fiscal Incentives Review Board (FIRB) aims to complete the implementing rules and regulations (IRR) of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law ahead of the deadline. Following the first meeting of the FIRB board last April 14, the body set May...
The government’s plan to provide smart mobility and traffic management solutions in Cebu City has received a grant from the United States Trade and Development Agency (USTDA). The Department of Finance (DOF), Department of Transportation (DOTr), and USTDA signed on Wednesday, April 15, a $668,000...
As House lawmakers finalize the third coronavirus relief package, the Duterte administration’s chief economic manager said the government is not relaying too much on stimulus programs in reviving the local economy. Speaking before senior executives of American and Philippine companies on...
Manila and Helsinki are looking at expanding their economic cooperation as well as closely working on climate crisis adaptation strategies, the Department of Finance said on Wednesday, April 14. During a recent virtual meeting, Finance Secretary Carlos G. Dominguez III and Finnish Ambassador to...
