Finance Secretary Carlos Dominguez III has said at around 85 out 0f 100 Filipino families are covered by the government’s subsidy programs amounting to P256 billion for the country’s most vulnerable sectors hit the hardest by the economic impact of the coronavirus disease 2019 (COVID-19) pandemic.
Read MoreThe Department of Finance (DOF) has issued Revenue Regulations (RR) No. 9-2020 on the tax benefits of donations made for the purpose of battling COVID-19 pursuant to Republic Act (RA) No. 11469 or the “Bayanihan to Heal as One Act.”
Read MoreThe Philippines and the World Bank signed over the weekend a US$500-million loan agreement that would enable the Duterte administration to augment the government’s urgent financing requirements arising from the crisis spawned by the 2019 coronavirus disease (COVID-19) pandemic.
Read MoreFinance Secretary Carlos Dominguez III has emphatically stated that the Philippines “has not and will not consider a moratorium on the national government’s debt obligations despite the 2019 coronavirus (COVID-19) pandemic.
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