sonny-dominguez | ABS-CBN News

DOF eyes new taxes, wider VAT to pay rising debt

ABS-CBN News
Updated as of May 25 04:54 PM

The Department of Finance is proposing to raise new taxes, defer personal income tax reductions, and expand VAT coverage among a slew of measures, to help pay the country’s ballooning debt. Read more »

Duterte admits some Cabinet members 'palpak'

ABS-CBN News
Posted at Mar 02 09:04 AM

President Duterte admitted that some of his aides had failed, but asserted that his Cabinet had the best minds. Read more »

DOF's Dominguez sees Alert Level 1 by New Year

ABS-CBN News
Posted at Nov 17 05:40 PM

Finance Sec. Dominguez III said he and other economic managers expect COVID-19 restrictions to be lowered to Alert Level 1 by the “onset of the New Year.” Read more »

Duterte may be misinformed on Bayanihan underspending claims: Lacson

ABS-CBN News
Updated as of Jul 26 01:04 AM

President Rodrigo Duterte might be misinformed about allegations of the Bayanihan fund's underspending, Senator Panfilo Lacson said Sunday after the former accused him of making such claim. Read more »

Lacson sees P5-billion excess fund for COVID-19 vaccine procurement

Sherrie Ann Torres, ABS-CBN News
Posted at Jun 15 10:04 PM

The Duterte administration has enough funds to procure COVID-19 vaccines that can be used on up to 70 million individuals to be able to achieve herd immunity against the coronavirus, Sen. Panfilo Lacson said Tuesday. Read more »

Mga kabataan, hinimok na maging parte ng kampanya vs climate change

ABS-CBN News
Posted at Jun 15 07:26 PM

Ayon sa isang opisyal ng gobyerno, malaking bagay ang pagkakaroon ng climate literacy. Hinikayat naman ng mga opisyal ang kabataan sa bansa na lumahok sa mga kampanya kontra climate change, dahil sila daw ang pinakaapektado nito pagdating ng araw. Read more »

Philippines needs P20 billion more in COVID-19 vaccine drive: Dominguez

ABS-CBN News
Posted at Jun 14 11:22 PM

MANILA - An additional P20 billion will be needed if the Philippines decides to vaccinate teenagers or children aged 12 to 15 against COVID-19, Finance Sec. Carlos "Sonny" Domínguez III said Monday. Read more »

Dominguez: Government loans weren't just for COVID-19 vaccines

John Gabriel Agcaoili, ABS-CBN News
Posted at Mar 22 11:29 PM

MANILA - Finance Sec. Carlos "Sonny" Domínguez III said Monday the loans which the Philippines took since 2020 were not only used for acquiring COVID-19 vaccines but also for other expenditures, such as paying other loans and government projects. Read more »

PITC pinabubuwag, natenggang pondo pinababalik sa Treasury

ABS-CBN News
Posted at Nov 30 09:04 PM

Ayon kay Finance Secretary Sonny Dominguez, dapat ibalik ang natenggang pondo at interes na kinita ng nasabing kompanya. Read more »

DOF on Bayanihan 3: Evaluating damage caused by typhoons if current budget 'sufficient'

ABS-CBN News
Posted at Nov 17 11:08 AM

The Department of Finance said it is assessing the need for a third COVID-19 aid package or Bayanihan 3 as typhoons inundated large swaths of Luzon and the Visayas. Read more »

Palace leaves possible changes in PhilHealth board chairmanship to Congress

Arianne Merez, ABS-CBN News
Posted at Sep 17 04:55 PM

It is up to Congress to act on the issue about the chairmanship of the Philippine Health Insurance Corp (PhilHealth), Malacañang said Thursday after Senate President Vicente Sotto III proposed to give the post to the finance secretary. Read more »

Sotto: Duterte 'agrees' to assign finance chief as PhilHealth board chair

Arianne Merez, ABS-CBN News
Posted at Sep 16 09:39 PM

President Rodrigo Duterte "agrees" with Senate President Vicente Sotto III's proposal to install the finance secretary as chair of the board of the Philippine Health Insurance Corp as the state-run health insurer continues to grapple with corruption allegations, the lawmaker said Wednesday. Read more »

Finance department expects P2.71T tax collection in 2021 as economy reopens further

Katrina Domingo, ABS-CBN News
Posted at Sep 10 04:11 PM

Finance Secretary Carlos Dominguez on Thursday said the government expects to collect some P2.71 trillion in taxes in 2021 as the Philippines continues to ease economic restrictions linked to the COVID-19 pandemic. Read more »

EU extends P3.38 billion worth of grants for Mindanao projects

ABS-CBN News
Posted at Jul 12 01:39 PM

The Philippines and the European Union have signed 2 grants worth 60.5 million euros (P3.38 billion) for peace efforts and infrastructure projects in Mindanao, the Department of Finance said Sunday. Read more »

PH en route to strong economic rebound despite 'black swan' pandemic

Jessica Fenol and Arianne Merez, ABS-CBN News
Posted at Jul 08 05:28 PM

The Philippines is on its way to economic recovery President Rodrigo Duterte's top officials said Wednesday even as the country continues to fight the coronavirus pandemic. Read more »

Resuscitating economy a matter of 'national survival': finance chief

Arianne Merez, ABS-CBN News
Posted at Jul 08 12:58 PM

The Philippine economy cannot remain on shutdown because of the coronavirus pandemic, the country's finance chief said Wednesday as he called for a "reasonable balance" between protecting public health and livelihood. Read more »

Finance chief: Supplemental COVID-19 budget needs revenue support

Katrina Domingo, ABS-CBN News
Updated as of May 19 04:27 PM

The Philippines lacks additional revenue to support a supplemental budget against the COVID-19 pandemic and is spending cash on hand "in the most responsible way," the head of President Rodrigo Duterte's economic team told lawmakers Tuesday.   Read more »

PH finance chief to undergo self-quarantine after contact with person with COVID-19

Pia Gutierrez, ABS-CBN News
Updated as of Mar 12 01:00 AM

MANILA (UPDATE)- Finance Secretary Sonny Dominguez said Wednesday he will undergo a 14-day self-quarantine after interacting with a person who tested positive for the coronavirus disease 2019 (COVID-19). Read more »