BDO Unibank, Inc. and its two subsidiaries reaped major accolades from Asian Banking and Finance (ABF) for exemplifying banking excellence. BDO Unibank got the Domestic Cash Management Bank of the Year-Philippines Award and ABF Wholesale Banking Awards while BDO Private Bank received the Wealth...
The government’s fuel marking program has covered over 12 billion liters of petroleum products during its first-year of implementation, the Department of Finance (DOF) said. In a statement, Finance Undersecretary Antonette C. Tionko said the total volume of fuel marked from September 4 last year...
US President Donald Trump is not a taxpayer in the Philippines, but private companies “with his name” could have had paid levies to the Bureau of Internal Revenue (BIR), Finance Secretary Carlos G. Dominguez III clarified today. WASHINGTON, DC - AUGUST 13: U.S. President Donald Trump...
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...
Finance Secretary Carlos G. Dominguez III has urged the raffle winners of the small investor-targeted Premyo bonds to consider using their cash rewards to reinvest in government debt securities or start their own small businesses and help create jobs. Finance Secretary Carlos G....
The exodus of Philippine offshore gaming operations (POGOs) to affect government tax revenues from the real-estate sector and other businesses, the Department of Finance (DOF) said yesterday. Finance Secretary Carlos G. Dominguez III said during a virtual Senate hearing yesterday that he received...
The Philippine upstream subsidiary of Royal Dutch Shell plc is planning to sell its 45-percent stake in the US$4.5 billion Malampaya deep water gas-to-power project if it can corner enticing offer from prospective takers. Highly placed sources from government indicated that Shell Philippines...
The national government posted a significantly wider budget deficit last month despite the Duterte administration's almost flat spending due to dwindling revenues amid the pandemic, data from the Bureau of the Treasury showed. Official data showed the national government’s fiscal gap swelled by...
The Bureau of Customs further stepped up its campaign against rice smuggling even amid the coronavirus pandemic by conducting raids on warehouses suspected of storing illegally imported stocks of the grain in response to reports by concerned citizens. Customs Commissioner Rey Leonardo...
The Philippines has the lowest gross external debt position among the major Southeast Asian economies, placing the country in a much stronger position to cushion the blow of the coronavirus-induced crisis, the Department of Finance (DOF) assured. Finance Undersecretary Gil S. Beltran In his latest...
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 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...
