In 2021, President Duterte designated Finance Secretary Carlos Dominguez III as his official representative to the Climate Change Commission (CCC), a move that signaled a paradigm shift in the way the Philippines is tackling the worsening climate crisis sweeping the globe.
Read MoreFinance Secretary Carlos Dominguez III has approved the donation by the Bureau of Customs (BOC) to the Philippine Coast Guard (PCG) of 6, 357.8 liters of unmarked diesel fuel seized last September and forfeited in favor of the government.
Read MoreFive (5) Financial Institutions Strategic Transfer Corporations (FISTCs) have been established since the law allowing the creation of these corporate entities was enacted in February last year to enable banks and other credit-granting institutions to efficiently offload bad loans and non-performing assets (NPAs) that they may have accumulated during the pandemic.
Read MoreThe Bureau of Internal Revenue (BIR) has a total of 49 projects in the first phase of its 10-year Digital Transformation (DX) Roadmap, of which 14 have already been launched or implemented as of the last quarter of 2021.
Read MoreThe Fiscal Incentives Review Board (FIRB) has approved, upon the recommendation of the Board of Investments (BOI), the grant of tax incentives for a proposed P10-billion cement manufacturing project in Davao del Sur. The project is estimated to produce around 50.4 million cement bags per year to help meet the growing infrastructure requirements in Mindanao.
Read MoreFinance Secretary Carlos Dominguez III has cited the initiatives of the Capital Market Development Council (CMDC) to make the Philippine financial system “broad-based and inclusive” through digitalization and other enhanced corporate governance practices as among the lasting legacies of the body under the Duterte administration.
Read MoreMANILA, Philippines, January 13, 2022 – The Republic of the Philippines (“ROP”) has established its Sustainable Finance Framework (“Framework”) to support its sustainability commitments. The Framework sets out how the ROP intends to raise Green, Social or Sustainability Bonds, Loans, and other debt instruments in the international capital markets.
Read MoreThe Fiscal Incentives Review Board (FIRB) has enjoined the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI), to finalize the Strategic Investment Priority Plan (SIPP) by January 2022.
Read MoreThe National Transmission Corp. (Transco) has succeeded in testing and applying emerging ICT technologies that will make use of existing power line infrastructures to help the Department of Education (DepEd) to implement the Public Education Network program of DepEd that will provide connectivity and high-speed internet to public schools nationwide amid the pandemic.
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