The government and the private sector continued to take advantage of digital technologies to make it easier and more convenient for small investors and businesses to participate in the capital markets. During a recent Capital Market Development Council (CMDC) meeting, the Bureau of the Treasury,...
The Department of Finance (DOF) will draw this week $80 million of the World Bank’s standby loan extended to the Philippines to support the national government’s disaster relief and rehabilitation efforts in provinces devastated by Typhoon “Odette.” Finance Secretary Carlos G. Dominguez III...
The Department of Finance (DOF) has ordered the quick and round-the-clock processing of applications for tax and duty exemptions of donations to communities devastated by Typhoon “Odette.” In response to President Duterte’s directive on expediting relief and rehabilitation efforts in the...
The Department of Finance (DOF) has called on organizations and other stakeholders promoting energy efficiency and conservation initiatives to revisit their current strategy of simply relying on fiscal incentives to implement their “green” projects. In a statement, Finance Secretary Carlos G....
The Department of Finance (DOF) is planning to tap the World Bank disaster response loan to fund the rehabilitation efforts in Typhoon Odette- affected areas. Finance Secretary Carlos G. Dominguez III said they will activate the $500 million in contingency loan from World Bank that the government...
The Department of Finance (DOF) and the Agence Française de Développement (AFD) have signed a loan for disaster risk reduction at the local level, as well as disaster preparedness and response. In a statement on Monday, Dec. 20, the DOF said that the €250 million policy-based loan,...
The Department of Finance (DOF) is confident that the higher 7 percent economic growth target set by the Duterte administration for the year is doable given the renewed consumer and business confidence in the last quarter. Finance Secretary Carlos G. Dominguez III said on Wednesday, Dec. 15, that...
Beijing-led Asian Infrastructure Development Bank (AIIB) commended the proposal of the Department of Finance (DOF) for multilateral development banks (MDBs) to work together in incentivizing private capital flows for climate projects of developing countries. In a letter to Finance Secretary Carlos...
The national government will repay the full amount of its cash advances to the Bangko Sentral ng Pilipinas (BSP) ahead of the January maturity date, the Department of Finance (DOF) said. In a letter addressed to BSP Governor Benjamin E. Diokno, Finance Secretary Carlos G. Dominguez III said that...
The Department of Finance (DOF) urged the Department of Labor and Employment (DOLE) to harness digital technology in building a database and payout system for the labor force to efficiently and swiftly deliver aid to workers needing assistance in times of crises. In a statement, Finance Secretary...
The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the...
The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms to further improve the ease of doing business in the country and spur the growth of domestic enterprises. In a report to Finance Secretary Carlos G. Dominguez III, SEC Chairman Emilio...
