WATCH: Finance Secretary Carlos Dominguez III has underscored the need to strike a “reasonable balance between safeguarding public health and restarting the economy” as the country continues to grapple with the coronavirus pandemic and work on a quick economic recovery on the back of a healthcare system better equipped to keep community transmission of the contagion under control.
Read MoreFinance Secretary Carlos Dominguez III has underscored the need to strike a “reasonable balance between safeguarding public health and restarting the economy” as the country continues to grapple with the coronavirus pandemic and work on a quick economic recovery on the back of a healthcare system better equipped to keep community transmission of the contagion under control.
Read MoreThe Economic Development and Infrastructure Cabinet Clusters (EDC-IC) of the Duterte administration are set to present the government’s plans for recovery and resilience in the face of coronavirus-induced headwinds this year, at the first Pre-State of the Nation Address (Pre-SONA) forum for the year to be held tomorrow. (July 8).
Read MoreFinance Secretary Carlos Dominguez III has maintained the Duterte administration’s position to anchor on fiscal prudence and sustainability any plans to stimulate the domestic economy amid the deepening coronavirus-induced global downturn, as state borrowings to beat the pandemic went up in the first four months of the year to P1.22 trillion.
Read MoreAn initial batch of over 80 private educational institutions have expressed interest in accessing the credit facility launched in May this year by the Land Bank of the Philippines (LANDBANK) to aid them in implementing their respective “study now, pay later” plans for students amid the financial constraints suffered by families as a result of the coronavirus-induced crisis.
Read MoreThe Commission on Audit (COA) has issued Notices of Disallowance (NDs) on tax credits worth a combined P377.29 million granted by the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS) to four textile firms covering a four-year period from 2008 to 2012, the Department of Finance (DOF) said.
Read MoreThe Economic Development and Infrastructure Cabinet Clusters (EDC-IC) of the Duterte administration are set to present the government’s plans for recovery and resilience in the face of coronavirus-induced headwinds this year, at the first Pre-State of the Nation Address (Pre-SONA) forum for the year to be held next week.
Read MoreThe Bureau of Customs (BOC) has confiscated P244 million-worth of smuggled, unregistered or counterfeit personal protective equipment (PPEs) and other medical supplies since March 25 up to May 31, 2020, as part of its ongoing efforts to stop the illegal importation, storage and hoarding of goods deemed essential to the fight against the coronavirus disease 2019 (COVID-19).
Read MoreThe Bureaus of Internal Revenue (BIR) and of Customs (BOC) collected a combined total of P1.155 trillion for the first half of 2020 as an unprecedented coronavirus pandemic continued to pummel the economy and restrict business activity in most parts of the country, according to preliminary data submitted to the Department of Finance (DOF).
Read More
Copyright © 2020 Department of Finance