The fiscal discipline that the Department of Finance (DOF) continues to impose on government-owned or controlled corporations (GOCCs) has yielded P57.55 billion in actual dividend remittances in 2021 from these state-run firms or 9.4 percent higher than the 2019 pre-pandemic collection of P52.59 billion.
Read MoreThe Insurance Commission (IC) is closely monitoring the compliance of the Philippine Health Insurance Corp. (PhilHealth) and the Philippine Crop Insurance Corp. (PCIC) with the directive of the Department of Finance (DOF) to adopt current Philippine accounting standards.
Read MoreThe administration of President Duterte is redoubling its efforts to expand the economy at a much faster rate in its remaining quarter to recover the opportunities lost for high and inclusive growth in the two-year pandemic, Finance Secretary Carlos Dominguez III has said.
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