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GOVERNMENT DEBT in proportion to economic output settled at 42.3% in the nine months to September, bigger than the 41.7% recorded in the same period last year, the Department of Finance (DoF) said in an economic bulletin on Friday.
THE SENATE version of the second tax reform package that cuts corporate income tax rates and streamlines fiscal perks may result in bigger foregone revenues than the bill approved last week by the House of Representatives, a senior official of the Department of Finance (DoF) told reporters on Wednesday.
THE PHILIPPINES hopes to tap Chinese-currency loans from the Asian Infrastructure Investment Bank (AIIB) to take advantage of favorable borrowing costs, the Department of Finance (DoF) said.
THE DEPARTMENT of Finance (DoF) is considering vouchers for students in lieu of granting lower tax rates for all for-profit schools regardless of performance.
THE FINANCE department has warned against rushing into a decision to select the third major entrant to the telecommunications industry, or “third player,” before the proper regulatory groundwork is laid.
A BLISTERING 7.7% gross domestic product (GDP) expansion this semester — needed for the economy to hit the bottom of an official full-year target for 2018 — may still be “possible” on the back of strong capital formation, according to a senior official of the Department of Finance (DoF).
THE DEPARTMENT of Finance (DoF) wants the draft federal constitution to compel federated regions to practice fiscal discipline, and clearly identify spending responsibilities between the central government and regional authorities.
DAVAO CITY — Two longstanding proposed projects for Davao — the Sasa Port modernization and the Davao-Samal Bridge — will be pursued under the government’s Build, Build, Build program, Finance Secretary Carlos G. Dominguez said.
FIFTY one of the 77 state-owned corporations paid out dividends amounting to P31.3 billion to the national government as of mid-July, the Department of Finance (DoF) said.
THE DEPARTMENT of Finance (DoF) said its version of the planned tax amnesty offer scheduled for 2019 will increase collections and clear the case backlog for unpaid property tax.
FINANCE Secretary Carlos G. Dominguez III said the selection of the third entrant to the telecommunications industry must be “fair” to the public by making telcos pay to use the frequency they are allocated.
THE Philippine Economic Zone Authority (PEZA) and the Department of Finance (DoF) on Monday expressed reservations about Senate and House bills seeking to expand the powers and function of the Authority of the Freeport Area of Bataan (AFAB).
By Melissa Luz T. Lopez, Senior Reporter AUTHORITIES raided another factory in Bulacan that made counterfeit cigarettes carrying the Mighty brand, the country’s Finance chief...
THE DEPARTMENT of Finance (DoF) said it is possible to cut value-added tax (VAT) rates if the reduction is accompanied by the removal of...
By Jil Danielle M. Caro THE National Bureau of Investigation (NBI) has been ordered to conduct a probe and case build-up regarding the murders of...