Dividends remitted by government-owned and -controlled corporations (GOCCs) already reached a record amount of P44.69 billion as of mid-June this year, with the Department of Finance (DOF) expecting the total…
The Duterte administration was able to reverse the government’s chronic underspending on infrastructure, which averaged only 2.8 percent of the country’s Gross Domestic Product (GDP) for the past half century,…
Finance Secretary Carlos Dominguez III has proposed that the President's economic team and the Congress meet as often as weekly to enable both the Executive and Legislative branches to thoroughly…
World Bank estimates show the Philippine economy will grow at a more rapid pace than Asia’s other regional economic powerhouses, such as China and Malaysia, during the remaining half of…
Finance Secretary Carlos Dominguez III has directed the Privatization Management Office (PMO), and the Philippine Deposit Insurance Corp. (PDIC) to discuss with state-run banks and the Commission on Audit (COA)…
The president of a restaurant chain has apologized to Finance Secretary Carlos Dominguez III for a recent post on social media that attributed the price increase of its food products…
NEW CLARK CITY—Secretary Carlos Dominguez III has bared plans for the Department of Finance (DOF) to work more closely with members of the incoming 18th Congress in passing further reforms…
NEW CLARK CITY—Philippine and Japanese officials signed here Tuesday (June 18) an agreement providing the Philippines with a US$202.04-million loan from Japan to finance the construction and improvement of roads…
The past administration missed the opportunity to start closing the country’s yawning infrastructure gap by taking advantage of very low interest rates on loans that would have raised funds for…
The government is contemplating several features to make the ‘Marawi bonds’ attractive to investors in order to augment the massive funds necessary for the second, cash-intensive phase of the comprehensive…
