Finance Secretary Carlos Dominguez III has said at a foreign media forum that although inviting investors to the domestic economy is on top of the Duterte administration’s concerns, it has been doing so without turning a blind eye to what it sees as onerous provisions in the state’s contracts with private businesses that are detrimental to the public interest.
Read MoreFinance Secretary Carlos Dominguez III said Thursday the swift approval of the 2020 General Appropriations Act (GAA) and the extended validity of certain portions of last year’s national budget law until yearend will provide the government a “double-barreled boost” to sustain the economy’s high growth trajectory this year.
Read MoreFinance Secretary Carlos Dominguez, on behalf of the Republic of the Philippines, and Export-Import Bank of Korea (KEXIM) Chief Representative Sungho Jang, on behalf of the Republic of Korea, exchanged the loan documents for the USD 50 Million Philippines-Korea Project Preparation Facility (PK-PPF) on Tuesday (Jan 28) at the Department of Finance, Manila.
Read MoreLocal government units (LGUs) can avail of concessional financing of up to 100 percent of project cost to enable them to implement their infrastructure and other development projects through three state-backed credit facilities offered by two government banks and an agency under the Department of Finance (DOF).
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