PHL surpasses 9 requirements in record compliance with EITI Standard

The Philippines has surpassed the requirements in nine areas set by the Extractive Industries Transparency Initiative (EITI) on global benchmarks for good governance in the oil, gas and mineral sectors…

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DOF thanks China for donation of heavy equipment for Marawi rehab

On behalf of the Philippine government, the Department of Finance (DOF) has expressed its gratitude to China for the early arrival of its donation of $3 million-worth of heavy equipment…

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Dominguez says end of Marawi conflict to boost investor confidence

Finance Secretary Carlos Dominguez III said the impending end of the drawn-out conflict in Marawi City will further boost investor confidence in the economy, more so now that the government…

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PHL working with ASEAN on disaster risk insurance scheme

The Philippines has teamed up with other member-states of the Association of Southeast Asian Nations (ASEAN) to improve catastrophic reinsurance initiatives that will help communities across the region recover faster…

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DOF seeks US assistance in setting up tax academy

The Department of Finance (DOF) is seeking a possible grant from the United States in establishing the Philippines’ first tax academy, which will serve as a training institution that will…

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Department of Finance “RIPS” up corruption anew

The Revenue Integrity Protection Service (RIPS), the anti-corruption unit of the Department of Finance (DOF), has been able to obtain orders imposing administrative sanctions against twenty (20) erring employees and…

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World Bank confirms assistance to PHL in rebuilding Marawi City

WASHINGTON DC—Citing its long-standing partnership with the Philippines, World Bank chief executive officer Kristalina Georgieva confirmed the institution’s commitment to work with the Philippine government in helping conflict-torn Marawi City…

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