The Philippines, Indonesia and the Asian Development Bank (ADB) launched the Energy Transition Mechanism (ETM) facility in Glasgow, the United Kingdom, today (Nov 3, 2021). The Philippines will work with the ADB and some private sector partners in developing an innovative ETM-supported project that will allow the country to accelerate its transition from coal to clean energy in a just and affordable manner. In photo, (from left to right) are Per Heggenes, CEO, IKEA Foundation; Philippine Finance Secretary Carlos G. Dominguez; Indonesian Finance Minister Sri Mulyani; ADB President Masatsugu Asakawa; and Dr. Raj Shah, President, The Rockefeller Foundation.

Finance Secretary Carlos Dominguez led the ceremonial ringing of the bell on Friday (October 8) to mark the maiden issuance of the Retail Dollar Bonds and its subsequent trading through the Philippine Dealing & Exchange Corporation (PDEx) platform.

VISIT firb.gov.ph to learn more about the expanded functions of the Fiscal Incentives Review Board (FIRB), available incentives, and eligible enterprise activities.

Department of Finance (DOF) Secretary Carlos G. Dominguez of the Philippines and Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, the Minister at the Prime Minister’s Office and Minister of Finance and Economy II of Brunei Darussalam hold their copies of the double taxation agreement they signed on behalf of their respective governments this morning, July 16, 2021, in Brunei’s capital city of Bandar Seri Begawan. The Philippines-Brunei Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect To Taxes on Income aims to further ease trade in goods and services, and enhance investment flows and economic activity between the countries. The agreement is also expected to create more jobs for Filipinos both in the Philippines and in Brunei.