Two years following its merger, state-run firm Philippine Guarantee Corp. (PHILGUARANTEE) spearheaded in its performance during the second year of the pandemic, with net income jumping by almost two-fold, the Department of Finance (DOF) reported. PHILGUARANTEE is the result from the merger of two...
Finance Secretary Carlos G. Dominguez III has called on the media to help accelerate climate action in the country by spearheading the education and advocacy campaigns necessary to motivate Filipinos to be at the frontlines of the global fight against climate change. With media playing an...
The next administration needs to make great efforts in reducing the poverty incidence in the country after it accelerated amid the more than two year-pandemic, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III, the government’s chief economic manager, said the next...
Finance Secretary Carlos G. Dominguez III pitched before American investors Thursday night (Manila time), Feb. 24, the Philippines as a growth leader in the region and a reliable host for international partnerships. At a briefing for American business leaders and policy makers, Dominguez said the...
President Duterte will turn over to the next administration a more modernized and sophisticated customs bureau that has transformed into a highly efficient agency and automated majority of its processes on his watch, Finance Secretary Carlos G. Dominguez III said. On the occasion of the Bureau of...
Finance Secretary Carlos G. Dominguez III said the next administration will inherit a slew of President Duterte’s “hard-won” reforms, including several economic liberalization measures that will help fuel the Philippines’ resurgence in the years ahead. These reforms include the...
Finance Secretary Carlos G. Dominguez III has suggested that the government should consider increasing taxes on real-estate properties instead of imposing the wealth tax. “I’m against wealth tax,” Dominguez said at a virtual forum by Financial Executives Institute of the Philippines (FINEX)...
The next elected Philippine president will pay the loans secured by the Duterte administration for the country’s pandemic response, the government’s chief economic manager said on Tuesday, Feb. 22. “Looking realistically our situation, we have to pay for COVID. I mean, we cannot just have...
The Philippines will soon launch its maiden $500-million green bonds in the offshore debt markets to help raise funds for the country’s clean energy projects and other sustainable initiatives, the Department of Finance (DOF) announced. Finance Secretary Carlos G. Dominguez III said in a statement...
The Department of Finance (DOF) is confident that Japan’s commitment to help the Philippines’ infrastructure development and other initiatives will stay beyond President Duterte’s term. Finance Secretary Carlos G. Dominguez III expressed his confidence following the Philippines and Japan 12th...
The Securities and Exchange Commission (SEC) has collected P119.07 million in fees and penalties through its web-based system that allows cashless payment of business registrations, fees, and other charges. SEC Chairman Emilio Aquino said the fees and other charges collected through the Electronic...
The Philippines and Japan will hold another high-level meeting on infrastructure development and economic cooperation this week, the Department of Finance (DOF) announced. Via teleconferencing on Wednesday, Feb. 16, Finance Secretary Carlos G. Dominguez III will chair the Philippine side, while...
