DOF orders local treasurers to monitor Bayanihan grants to LGUs

The Department of Finance (DOF) has directed local treasurers to report the expenditures under the “Bayanihan" grants that were released to local government units (LGUs) to help them address the…

Comments Off on DOF orders local treasurers to monitor Bayanihan grants to LGUs

DOF releases P16.4-B subsidies to 2.1-M SBWS beneficiary-workers

The first tranche of a two-month wage subsidy package has been credited to the accounts of more than 2.1 million qualified beneficiary-workers of the Small Business Wage Subsidy (SBWS) program,…

Comments Off on DOF releases P16.4-B subsidies to 2.1-M SBWS beneficiary-workers

Dominguez proposes 5 priority measures to restart economy

https://www.facebook.com/DOFPH/videos/2590192301300123/ Finance Secretary Carlos Dominguez III has recommended accelerating the implementation of the “Build, Build, Build” program and scaling up food production and its logistics chain as part of the…

Comments Off on Dominguez proposes 5 priority measures to restart economy

Vietnam reaffirms commitment to resume rice exports to PHL

The government of Vietnam has reassured the Philippines of its commitment to resume rice exports beginning May 1, in fulfillment of the earlier consensus reached by the region's economies to…

Comments Off on Vietnam reaffirms commitment to resume rice exports to PHL

BIR issues strict rules on reopening of POGOs, service providers

The Bureau of Internal Revenue (BIR) is making sure that Philippine Offshore Gaming Operators (POGOs) and their respective service providers are properly registered and will pay the correct amount of…

Comments Off on BIR issues strict rules on reopening of POGOs, service providers

Q1 negative growth ‘inevitable’ outcome of initial COVID-19 hit

Finance Secretary Carlos Dominguez III has said the negative first-quarter growth was the inevitable outcome of the initial ravages on the global economy by the coronavirus disease 2019 (COVID-19), which…

Comments Off on Q1 negative growth ‘inevitable’ outcome of initial COVID-19 hit