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Dominguez hopes Congress can break budget impasse soon

Manila, March 17 -- Finance Secretary Carlos Dominguez III said in a statement on Sunday that the government is losing the opportunity to provide funds amounting to around PHP500 a million a day for b... Read More


DOF urges Senate to pass 5% royalty fee for all miners

Manila, March 12 -- The Department of Finance (DOF) has made a last-minute appeal to the Senate to pass its original proposal of a uniform royalty rate of 5 percent for all mining operations, whether ... Read More


Alcohol tax to raise P237-B in 5 years

Manila, March 11 -- A proposal by Senator Emmanuel Pacquiao to increase the excise tax on alcohol products will raise additional revenues of almost PHP237 billion over a five-year period and at the sa... Read More


DOF, DILG targets local execs in illicit tobacco trade

Manila, March 4 -- Finance Secretary Carlos Dominguez III has directed the Bureau of Internal Revenue (BIR) to coordinate with the Department of the Interior and Local Government (DILG) in filing char... Read More


Foreigners working in PH must pay taxes: DOF

Manila, March 3 -- The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) are working closely with other government agencies, including the justice and labor departments, to ensure t... Read More


New heads of Landbank, DBP, PhilEXIM sworn in

Manila, March 3 -- Finance Secretary Carlos Dominguez III has sworn into office on Friday Cecilia Borromeo as President-CEO of the Land Bank of the Philippines (LANDBANK), Emmanuel Herbosa as Presiden... Read More


2 DOF offices get ISO recertification

Manila, Feb. 26 -- Two offices of the Department of Finance (DOF) tasked to provide frontline services to the public have been recertified by the International Organization for Standardization (ISO) i... Read More


Smokers in PH to decrease 17% with P60 tobacco tax hike

Manila, Feb. 25 -- Simulations jointly developed by the Departments of Finance (DOF) and Health (DOH) along with the World Health Organization (WHO) indicate that the proposal by Sen. Emmanuel Pacquia... Read More


PH backs Malpass as next World Bank chief

Manila, Feb. 21 -- The Philippine government has expressed its support for the nomination of United States Treasury Undersecretary David Malpass as the new president of the World Bank, citing his lead... Read More


PH-Italy debt swap program extended

Manila, Feb. 18 -- The governments of Italy and the Philippines have agreed on the extension of the Philippines-Italy Debt for Development Program for two years, the Department of Finance (DOF) said o... Read More