The Philippines’ medium-term strategy to reduce poverty incidence and achieve financial inclusion for all Filipinos via massive investments in infrastructure and human capital development has made significant strides in the…
Finance Secretary Carlos Dominguez III said the $20.1 billion in net foreign direct investments (FDIs) over the two-year period of 2017 and 2018 remain “unprecedented” and show that the upward…
We, the members of the Development Budget Coordination Committee (DBCC), held a meeting to revisit the macroeconomic assumptions and medium-term fiscal and growth targets of the government. This is in…
The Department of Finance (DOF) has made a last-minute appeal to the Senate to pass its original proposal of a uniform royalty rate of 5 percent for all mining operations,…
A proposal by Sen. Emmanuel Pacquaio to increase the excise tax on alcohol products will raise additional revenues of almost P237 billion over a five-year period and at the same…
Finance Secretary Carlos Dominguez III has said the clear growth momentum plus the increased spending power of Filipinos will ensure that the economy will emerge stronger in 2019 despite both…
The Duterte administration is now carrying out its aggressive infrastructure modernization program and reform agenda at full throttle to prop up the country’s status as Asia’s new economic powerhouse, Finance…
Finance Secretary Carlos Dominguez III is buying small-denomination Retail Treasury Bonds (RTBs) online for his six grandchildren to instill in them the value of saving while, at the same time,…
We, the economic managers, are pleased by the report that the country’s inflation rate slid further to 3.8 percent in February as price levels start to normalize and settle back…
Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to coordinate with the Department of the Interior and Local Government (DILG) in filing charges against local…
