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The Duterte administration may borrow less than programmed for the rest of the year should the government’s two main tax agencies continue to exceed their downscaled collection targets, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III ( MB FILE, Albert Garcia) While...

The governments of the Philippines and Japan yesterday signed a stand-by loan agreement for the Duterte administration’s post-disaster response, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III, representing the Philippines, and Japan International Cooperation...

The national government’s two main tax agencies have exceeded their reduced collections targets in the first eight-months of the year, but still lower than their performance in the same period last year, the Department of Finance (DOF) said. Based on the preliminary data submitted to the DOF, the...

Foreign investment approvals fell by more than three-fifths in the second-quarter this year after several areas in the country implemented large scale movement restriction to curb the spread of coronavirus disease. Data from the Philippine Statistics Authority (PSA) showed that total approved...

The country’s trade deficit decreased by half in July as imports weakened while exports dropped at a much slower pace, data from the Philippine Statistics Authority (PSA) showed. The Philippines’ balance of trade in goods, which measures the difference between the value of export and import,...