News

Senate to open plenary debate on tobacco sin tax on Monday

Sherrie Ann Torres, ABS-CBN News
Posted at May 22 07:25 PM

The plenary debate for proposed increases on the sin tax on cigarettes will start on May 28, a Senate official said Wednesday.   Read more »

S&P upgrade a 'green light' for more investments: Dominguez

ABS-CBN News
Posted at May 08 01:11 PM

S&P Global has given its highest rating yet on the Philippines' debt. Read more »

Vetoed budget items not in priority list: Finance chief

ABS-CBN News
Updated as of Apr 16 02:27 PM

President Rodrigo Duterte vetoed P95 billion in items from the 2019 budget because they are not included in his administration’s programmed priorities, the head of his economic team said Tuesday. Read more »

PH urges ASEAN to share moves vs money laundering

ABS-CBN News
Posted at Apr 14 02:37 PM

Member-states of the Association of Southeast Asian Nations (ASEAN) should share efforts and initiatives in deterring money laundering, a primary tool in funding international terrorist activities, a Philippine official said.   Read more »

Poverty incidence drops in 2018, gov't on track to meet target: PSA

Katrina Domingo, ABS-CBN News
Updated as of Apr 12 08:16 AM

MANILA (UPDATE) - Poverty incidence in the country fell to 16.1 percent from 22.2 percent in the same period in 2015, the Philippine Statistics Authority said Wednesday, hitting the government's target of lifting at least 1 million people from poverty annually. Read more »

3 offshore gaming firms close shop on tax worries: PAGCOR chief

ABS-CBN News
Posted at Apr 02 12:01 PM

Out of the 57 licensed POGOs or Philippine Offshore Gaming Operatons, 3 have moved elsewhere, Philippine Amusement and Gaming Corp Chairperson Andrea Domingo said.   Read more »

Gov't eyes second runway for Clark Airport: Dominguez

ABS-CBN News
Updated as of Mar 27 10:46 PM

The government is looking to build a second runway for the Clark International Airport as the facility's new terminal nears completion, the Department of Finance said Wednesday. Read more »

At least P22-B uncollected from foreign workers in POGOs annually: Finance

ABS-CBN News
Posted at Mar 25 01:58 PM

Finance Secretary Carlos Dominguez said they estimate at least P22 billion in income taxes per year are not being collected from foreign workers in offshore gaming operations.  Read more »

Dominguez orders DOF to brief new Customs chief on fuel marking project vs smuggling

ABS-CBN News
Posted at Dec 24 04:12 PM

MANILA - Finance Secretary Carlos Dominguez III on Monday ordered his department to brief new Customs Chief Rey Leonardo Guerrero on the anti-smuggling, fuel marking and monitoring system set for implementation in early 2019.  Read more »

The President's economic managers attend budget talks

Mike Alquinto, ABS-CBN News
Posted at Dec 10 07:36 PM

President Duterte's economic managers, Budget Secretary Benjamin Diokno (left), National Economic and Development Authority (NEDA) Secretary Ernesto Pernia (middle) and Finance Secretary Carlos Dominguez III, in a light moment as they attend the deliberation of 2019 national budget. Read more »

House leader defends Arroyo after finance chief's remarks

RG Cruz, ABS-CBN News
Posted at Dec 07 06:47 PM

House Majority Leader Rolando Andaya Jr. on Friday rebutted Finance Secretary Carlos Dominguez who alluded to the administration of former President Gloria Macapagal-Arroyo’s alleged mishandling of financing from China. Read more »

Finance dept prods lawmakers on higher tobacco 'sin tax'

ABS-CBN News
Posted at Dec 04 11:12 AM

The House Ways and Means Committee last month approved last month a consolidated bill that seeks to raise the excise tax to P37.50 per pack from P35 from July 2019. Read more »

Dagdag-buwis sa langis sa Enero, nakaamba

ABS-CBN News
Updated as of Nov 29 07:42 PM

Inanunsiyo ngayong Huwebes ni Finance Secretary Carlos Dominguez ang kanilang rekomendasyon na ituloy na ang pagpataw ng dagdag-buwis sa produktong petrolyo sa Enero ng susunod na taon. Read more »

PH finance chief says inflation to taper off towards end of 2018

ABS-CBN News
Posted at Nov 28 11:29 PM

Philippine Finance chief Carlos Dominguez expects the country's inflation to taper off towards the end of 2018.  Read more »

Dominguez: PH shuns 'debt trap' with 'great prudence' in borrowings

ABS-CBN News
Updated as of Nov 28 10:30 AM

Soft loans from China and Japan were secured at the lowest possible interest and the longest possible term arrangements, Finance Secretary Carlos Dominguez told a business forum in Davao City. Read more »

PH to meet deficit target, 'first time in recent history,' says Dominguez

ABS-CBN News
Posted at Nov 28 10:12 AM

President Rodrigo Duterte is "moving ahead" with its spending schedule, as he pursues his "Build, Build, Build" infrastructure program, Dominguez told a business forum in Davao City. Read more »

DOF signs agreements with China on infra funding, panda bond float

ABS-CBN News
Posted at Nov 21 04:59 PM

Among these projects are the Davao City Expressway, the Davao-Samal Bridge, the Bucana-Davao River Coastal Bypass Road and the Mindanao Railway. Read more »

PH to review loan deals with China after Pence's warning, says Finance chief

Vivienne Gulla, ABS-CBN News
Updated as of Nov 18 05:48 PM

The Philippine government will again review the loan agreement it plans to sign under China's Belt and Road initiative, following a warning issued by US Vice President Mike Pence. Read more »

Finance chief Arroyo? Speaker shrugs off talk of Cabinet post

RG Cruz, ABS-CBN News
Updated as of Nov 13 07:12 PM

Former President and now House Speaker Gloria Macapagal Arroyo on Tuesday dismissed speculation that she is poised to serve as President Rodrigo Duterte's next finance secretary. Read more »

Grupo di kontento sa pagsuspende ng dagdag-buwis sa langis

ABS-CBN News
Updated as of Oct 15 10:07 PM

Hindi kontento ang mga militanteng grupo sa pagsuspende ng gobyerno sa dagdag-buwis sa langis para sa susunod sa taon bilang hakbang upang makaagapay ang mga konsumer sa taas-presyo ng mga bilihin.  Read more »