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Department of Finance (DOF)
Govt guarantees CARS dues to carmakers despite budget veto
The government has assured car manufacturers and parts makers that incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program will continue to be honored,...
JICA frees ₱3.7B for PH typhoon recovery
The Japan International Cooperation Agency (JICA) has released the first tranche of its standby disaster financing facility to help the Philippines recover from the...
SSS to offer micro-loans as new weapon vs loan sharks
The Social Security System (SSS) is preparing to roll out a low-interest micro-loan program aimed at steering members away from loan sharks and other...
PH to launch 5.5-, 10-, and 25-year US dollar global bonds
The Philippine government is issuing three kinds of US‑dollar bonds (5.5‑year, 10‑year, and 25‑year) to foreign and international investors, the Bureau of Treasury announced...
Disaster risk financing tops PH agenda as ASEAN+3 co-chair
The Philippines has called for the accelerated development of a regional bond market and stronger disaster risk financing mechanisms as it formally assumed its...
DFA moves to cut diplomatic protocol red tape across agencies
The Department of Foreign Affairs has launched a coordinated push to modernize and streamline diplomatic protocol services, convening an Inter-Agency Conference on Protocol with...
Mining IRR seen to unlock new capital, boost govt revenues
The government is banking on stronger capital inflows into large-scale metallic mining following the issuance of the implementing rules and regulations (IRR) of Republic...
DOF pushes fiscal efficiency to draw developers into socialized housing
A proposed joint memorandum seeking to streamline fiscal and tax processes for housing development is expected to accelerate private investment in socialized and economic...
DOF freezes BIR audits, backs Senate probe to curb LOA abuse
The Department of Finance (DOF) has signaled a major reset in how tax audits are conducted, pledging full cooperation in the Senate’s investigation into...
DOF commits to LOA probe, taxpayer reforms
Finance Secretary Frederick D. Go pledged the Department of Finance’s (DOF) full cooperation in the Senate’s investigation of Bureau of Internal Revenue-issued Letters of...