Retail and treasury bond offerings in the first five months of the Duterte administration have been “generally successful” so far despite market jitters triggered by external factors, such as the projected rate increase by the US Federal Reserve and the United Kingdom’s exit from the European Union last June, according to National Treasurer Roberto Tan.
Read MoreFinance Secretary Carlos Dominguez III swore into office last week Department of Finance spokesperson Paola Alvarez as Assistant Secretary, along 14 other DOF officials.
Read MoreFinance Secretary Carlos Dominguez III has urged the congressional oversight committee on the Sin Tax Reform Act to start reviewing the revenue and health impact of the tax rates mandated under this law to determine what measures should be undertaken by the Legislature once the statute matures in 2017.
Read MoreManila and Islamabad executives have pledged to work on broadening and diversifying economic between the Philippines and Pakistan, with both sides expressing interest in enhancing cooperation in the fields of agriculture, defense, information technology (IT) and pharmaceuticals.
Read MoreThe Duterte administration needs at least P8 trillion to close the infrastructure gap over the next six years, and it is the job of the Department of Finance (DOF) to generate enough funds to spell the financial sustainability of this ambitious public investment program.
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