Philippines, Finland explore ways to broaden economic cooperation

Finance Secretary Carlos Dominguez III and Finnish Ambassador to Manila Juha Pyykkö met recently to discuss ways on how the Philippines and Finland can expand their economic cooperation, as well…

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DOF seeks public comments on PPSA draft rules on e-registry fees

The Department of Finance (DOF) has posted online through the DOF website the draft regulation setting the fees for the use of the Personal Property Security Act (PPSA) Electronic Registry…

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PDIC hikes deposit insurance fund to P216.85-B by 2020 Q4

State deposit insurer Philippine Deposit Insurance Corporation (PDIC) has built up its Deposit Insurance Fund (DIF) to P216.85 billion as of the fourth quarter of 2020, and settled 100 percent…

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LANDBANK, DBP get largest capital infusion on Duterte watch

The administration of President Duterte has infused a combined P53.3 billion in cash into the Land Bank of the Philippines (LANDBANK) and the Development Bank of the Philippines (DBP) –…

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Dominguez calls for early meeting of new FIRB under CREATE

Finance Secretary Carlos Dominguez III wants the newly reconstituted Fiscal Incentives Review Board (FIRB) to meet at the earliest possible time to discuss the body’s expanded functions under the Corporate…

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PDIC remits P7.1-B to BTr to support COVID-19 response

The Philippine Deposit Insurance Corporation (PDIC) has remitted a total of P7.1 billion in dividend contributions to the Bureau of the Treasury (BTr) for fiscal year 2020, in response to…

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BTr inventories P1.3-T non-financial Gov’t assets in 2020

The Bureau of the Treasury (BTr) has covered as of December last year an estimated P1.3 trillion-worth of non-financial government assets such as roads, school buildings and power plants for…

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