Finance chief wants functioning FIRB

Credit to Author: Anna Leah E. Gonzales| Date: Wed, 07 Apr 2021 16:23:13 +0000

Reconstituted incentives review body to have expanded functions Finance Secretary Carlos Dominguez 3rd wants the newly reconstituted Fiscal Incentives Review Board (FIRB) to meet soon to discuss the body’s expanded functions under the Corporate Recovery and Tax Incentives for Enterprises (Create) Act once the law takes effect this month. “I want to call a meeting […]

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Fiscal sustainability to support PH growth

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 26 Feb 2021 16:55:45 +0000

Finance Secretary Carlos Dominguez 3rd emphasized on Friday the importance of fiscal sustainability and a solid financial system to the Philippines’ economic recovery from the coronavirus pandemic. During The Manila Times Economic Forum 2021: Rising from the ashes: From pan-Asian to pan-Global, Dominguez said that while the government expected the economy to rebound strongly and […]

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DoF, analysts upbeat on Biden presidency

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 21 Jan 2021 16:25:29 +0000

The Department of Finance (DoF) and local economists are optimistic that the leadership change in the United States on Wednesday (Washington time) would have a positive impact on the Philippine economy, especially on trade and remittances. In a message to reporters on Thursday, Finance Secretary Carlos Dominguez 3rd quoted part of new US President Joseph […]

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Govt collects P178B thru fuel marking

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 18 Jan 2021 16:25:56 +0000

The government has so far collected more than P178 billion in duties and taxes through its fuel-marking program, according to the Department of Finance (DoF). Data released by Finance Secretary Carlos Dominguez 3rd to reporters on Monday showed that the actual P178.8-billion tax take from Sept. 4, 2019 to Jan. 14, 2021 was equivalent to […]

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LGUs urged to tap credit facility for devt

Credit to Author: Anna Leah E. Gonzales| Date: Mon, 02 Nov 2020 16:25:37 +0000

The Department of Finance (DoF) urged local government units (LGUs) to avail of the untapped P300-billion credit facility under the Land Bank of the Philippines to bankroll projects that would help the Philippine economy recover from the impact of the coronavirus disease 2019 (Covid-19) pandemic. In a statement on Monday, the DoF said that during […]

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BoC steps up drive vs rice smuggling

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 22 Sep 2020 16:25:40 +0000

The Bureau of Customs (BoC) said it continues to step up its campaign against rice smuggling even in the middle of the coronavirus disease 2019 (Covid-19) pandemic. In a statement on Tuesday, the Department of Finance said that Customs Commissioner Rey Leonardo Guerrero gave this assurance to Finance Secretary Carlos Dominguez 3rd during a recent meeting. […]

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DoF chief pushes for faster BOL implementation

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 16 Sep 2020 16:18:04 +0000

National government agencies must work with their counterparts in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in fast-tracking the organizational work needed to implement key provisions of the Bangsamoro Organic Law (BOL) amid the coronavirus pandemic. This is what Finance Secretary Carlos Dominguez 3rd pushed during the third meeting of the National Government-Bangsamoro Government […]

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PH bags P23-B loan from Japan

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 15 Sep 2020 16:37:27 +0000

The Philippines secured from the Japanese government a 50-billion yen (P23.3-billion) standby loan that will be used in times of calamities or emergencies. Finance Secretary Carlos Dominguez 3rd and Japan International Cooperation Agency (JICA) Chief Representative Eigo Azukizawa signed the agreement on the second phase of the Post-Disaster Standby Loan, or PDSL 2, in Manila. “This […]

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BIR, BoC surpass tax collection goals in July

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Thu, 06 Aug 2020 16:59:44 +0000

The government’s main revenue-generating agencies exceeded their tax-take targets by single digits last month on improved spending and economic activities, the Department of Finance (DoF) reported on Thursday. At the joint press conference of the members of interagency Development Budget Coordination Committee on Thursday, Finance Secretary Carlos Dominguez 3rd said the Bureau of Customs (BoC) […]

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‘Sale of CCP, other govt assets not necessary’

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Fri, 17 Apr 2020 16:13:54 +0000

Selling government assets to boost its response fund against the coronavirus crisis is not necessary at this time, according to Finance Secretary Carlos Dominguez 3rd. “I don’t think so,” Dominguez said in an interview with state broadcaster People’s Television Network on Thursday night when asked to comment on President Rodrigo Duterte’s recent statement on the […]

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