Senators have crossed party lines to commend the Department of Finance (DOF) under the leadership of Secretary Carlos Dominguez III for its competent and efficient management of state finances in the face of the massive public spending needed to mitigate the health and economic repercussions of the COVID-19 pandemic.
Read MoreCorporate bond issuances more than doubled since the Duterte administration took over in 2016, from P645.6 billion of listed private debt securities to P1.48 trillion as of end-August this year, according to a report by the Philippine Dealing and Exchange Corp. (PDEX) to the Capital Market Development Council (CMDC).
Read MoreFinance Secretary Carlos Dominguez III has green-lighted the implementing rules and regulations (IRR) issued by the Bureau of Customs (BOC) on the tax and duty-free importation of goods critical to the government’s efforts to boost the country’s healthcare capacity against COVID-19 and facilitate the government’s “blended” or online learning system amid this global health crisis.
Read MoreThe United States has extended a US$213 million grant to the Philippines to finance a program that aims to reduce poverty, promote private-sector led growth and strengthen good governance in the country.
Read MoreThe Philippines remains in a strong fiscal position to meet the financial challenges of beating the COVID-19 pandemic and rebooting the economy as a result of the game-changing reforms put in place by President Duterte and the Congress over the past four years, Finance Secretary Carlos Dominguez III said.
Read MoreFinance Secretary Carlos Dominguez III has called on the member-states of the Association of Southeast Asian Nations (ASEAN) to adopt a six-point plan of action geared to strengthen the regional bloc’s financial resilience against future economic shocks and expand growth and employment opportunities in the emerging digital economy.
Read MorePandemic-hit businesses identify cheap credit, cash transfers, deferral of rent and mortgage payments along with sizable tax cuts as their most needed forms of government support. This is according to a World Bank Philippines survey of 74,031 firms from all over the Philippines, more than 90 percent of them are micro, small, and medium enterprises (MSMEs). The online survey was conducted from July 7 to 14.
Read MoreInnovation in both the government and the private sector is needed to build resilience against, and guarantee a quick recovery from, the COVID-19 pandemic and future adversities, Finance Secretary Carlos Dominguez III said Wednesday.
Read MoreSecretary Carlos Dominguez III has ordered government financial institutions (GFIs) and other agencies under the Department of Finance (DOF) to work together in coming up with a cost-effective defense strategy that will shield their respective systems from potential cybersecurity threats along with other possible risks and data breaches in the digital landscape.
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