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Finance veteran Ben Diokno primed to hold fort as Finance chief

Jessica Fenol, ABS-CBN News
Posted at Jun 30 11:09 AM

Incoming Finance Secretary Benjamin Diokno will need to keep money flowing for the projects of President-elect Ferdinand Marcos Jr while paying the country's huge debt. Read more »

Incentives board OKs tax perks for Subic shipyard rehab

ABS-CBN News
Updated as of May 10 05:04 PM

US-based private equity firm Cerberus Capital Management is funding the project with a total cost of P17 billion. Read more »

BPOs to lose tax perks with WFH scheme: Finance chief

ABS-CBN News
Posted at Mar 22 08:55 PM

Finance Secretary Carlos Dominguez III said IT-BPM firms in ecozones and freeports can adopt work-from-home schemes but must give up their tax incentives. Read more »

BIR says hit revenue targets of over P2 trillion twice

Jasmin Romero, ABS-CBN News
Posted at Mar 04 06:55 AM

According to the BIR, 523 ‘erring establishments were issued closure orders’ and were ordered to pay P2.946 billion. Read more »

Duterte admin laid groundwork for expansion: Finance chief

ABS-CBN News
Posted at Feb 23 03:49 PM

The administration of President Rodrigo Duterte has laid the groundwork for expansion with its "hard-won" reforms said Finance Secretary Carlos Dominguez. Read more »

Cutting debt is top task of next admin: DOF

ABS-CBN News
Posted at Feb 22 04:21 PM

Bringing down the country’s debt, which ballooned during the pandemic, should be the first task of the next administration, said Finance Sec. Carlos Dominguez III. Read more »

PH, Japan sign 253 billion yen loan for subway project

ABS-CBN News
Posted at Feb 10 09:40 PM

The Department of Transportation has said that the whole project is slated for completion in 2025. Read more »

France lending 250-M euros for PH disaster response

ABS-CBN News
Updated as of Dec 20 04:58 PM

France is lending the Philippines 250 million euros or around P14 billion to aid the country's disaster risk response, the Department of Finance said on Monday. Read more »

Budget deficit rises to P1.2 trillion in October

ABS-CBN News
Posted at Nov 25 02:02 PM

The Philippines’ budget deficit rose to P1.2 trillion at the end of October as spending continued to outstrip revenues, the Bureau of Treasury said on Thursday. Read more »

Finance dept eyes 30 pct rise in budget

Bruce Rodriguez, ABS-CBN News
Posted at Sep 15 06:08 PM

The DOF is seeking a 30 percent increase in its budget next year, with the BIR again getting the lion’s share of the appropriations. Read more »

‘Secured’ doses kayang bakunahan lahat ng mga Pilipino

Joyce Balancio, ABS-CBN News
Posted at Aug 27 07:56 AM

Nasa 13.3 milyong mga Pilipino na aniya ang fully vaccinated, habang nasa higit 18 milyon ang natanggap na ng first dose ng COVID-19 vaccine. Read more »

S&P Global Ratings affirms Philippines' investment grade BBB+ rating

ABS-CBN News
Posted at May 27 08:40 PM

Debt watcher S&P Global Ratings affirmed on Thursday the Philippines’ investment-grade credit rating of BBB+ with a stable outlook, saying the country’s economy was beginning to recover from the disruptions of the COVID-19 pandemic.    Read more »

Digitalization crucial for economy to 'remain viable': Finance chief

ABS-CBN News
Posted at May 26 11:50 AM

The economy should speed up the adaption of digitalization to "remain viable" as the old brick-and-mortar strategy is no longer enough to meet the changing needs of consumers, Finance Secretary Carlos Dominguez III said Wednesday.  Read more »

P73.2 billion needed to vaccinate 60 million Filipinos vs COVID-19: Dominguez

Rose Carmelle Lacuata, ABS-CBN News
Updated as of Nov 24 04:37 AM

MANILA (UPDATED)- Finance Secretary Carlos Dominguez III on Monday night said the government needs at least P73 billion to buy COVID-19 vaccines for 60 million Filipinos. Read more »

Despite shrinking economy, Dominguez hopeful PH can recover by managing COVID-19 risks

ABS-CBN News
Updated as of Nov 10 11:48 PM

Finance Secretary Carlos Dominguez III is hopeful the Philippine economy can go back on track.   Read more »

Finance chief urges policymakers to treat climate crisis with same urgency as COVID-19

ABS-CBN News
Posted at Oct 23 04:53 PM

The Department of Finance said Friday fiscal policymakers worldwide should also act on the climate emergency with the same "urgency" as the COVID-19 pandemic. Read more »

US extends $213 million grant to the Philippines for poverty reduction, good governance

ABS-CBN News
Posted at Oct 12 02:49 PM

The United States has extended a $213 million (P10.8 billion) grant to the Philippines to fund poverty reduction, strengthen good governance and promote private sector-led growth, the Department of Finance said Monday. Read more »

Further lockdowns may bring 'more damage to economy', says Finance chief

Warren de Guzman, ABS-CBN News
Updated as of Oct 07 01:01 PM

Finance Secretary Carlos Dominguez said Wednesday another lockdown to contain the spread of COVID-19 could bring more damage to the economy.  Read more »

Philippines can fund free COVID-19 vaccines for 20M poor Filipinos: Dominguez

Jessica Fenol, ABS-CBN News
Updated as of Jul 31 11:39 AM

The Philippines has a financing plan to purchase at least 40 million doses of COVID-19 vaccines once it becomes available to be administered for free to the poorest 20 million Filipinos, Finance Secretary Carlos Dominguez III said Friday. Read more »

Philippines gets $370 million World Bank loan for land reform program

ABS-CBN News
Posted at Jul 20 02:08 PM

The World Bank is lending the Philippines $370-million or around P18.3 billion for a project that aims to speed up the country’s program to redistribute land to farmers, the Department of Finance said on Monday. Read more »