The Bureau of Internal Revenue (BIR) continued to experience erratic network connections in all its systems and electronic services in August this year despite the interventions made by the Department of Information and Communications Technology (DICT), further impairing the revenue agency’s productivity and delivery of frontline services.
Read MoreBasic food items such as rice, fish, meat and vegetables have been major drivers of inflation this year with the contribution of rice rising 10 times to 1 percentage point of the inflation rate, the Department of Finance (DOF) said.
Read MoreThe Department of Finance (DOF) said the big-ticket infrastructure and development projects to be rolled out by the Philippines in cooperation with China are proceeding as discussed during the regular high-level meetings between the two countries, with an initial three loan accords due for signing before the year-end.
Read MoreThe Bureau of Customs (BOC) is now working on separate partnerships with the United States and South Korea to step up its campaign against smuggling.
Read MoreThe Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have signed a supplemental agreement extending a 4.376-billion yen loan to the Philippines to help fund the second phase of the New Bohol Airport Project, which would cover the expansion of its runway and passenger terminal building.
Read MoreThe Duterte administration’s policy of aggressive investments in both infrastructure and human capital development, which requires a manageable deficit spending strategy, is meant to increase the “horsepower” of the Philippine economy to enable it to operate at optimum capacity, according to Finance Secretary Carlos Dominguez III.
Read MoreWe, the government’s Economic Team, understand that many are feeling the hit of a faster inflation rate, particularly those who toil so hard just to keep up. We assure everyone that we are working swiftly to temper the rise in the prices of goods and offer relief to those most affected. We remain committed to our goal of ensuring price stability, along with our overarching aim of translating sustained broad-based economic growth to comfortable lives for everyone.
Read MoreAfter exploring a plan to provide continuing education programs for local government treasurers online, Secretary Carlos Dominguez III now wants this program expanded to cover other employees of the Department of Finance (DOF).
Read MoreThe Department of Finance (DOF) sustained its anti-graft campaign this year with the successful prosecution of cases against personnel of the Bureau of Customs (BOC) and the other DOF-attached agencies before the Office of the Ombudsman and the Civil Service Commission (CSC), in support of President Duterte’s goal of stamping out corruption in the government.
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