Posts Tagged DOF

P15.63B calamity loans, P190M unemployment benefits of COVID-hit workers approved in July – SSS

Robie de Guzman   •   August 5, 2020

MANILA, Philippines – The Social Security System (SSS) has so far approved P15.63 billion in novel coronavirus disease (COVID-19) calamity assistance loans, as of July 28, the Department of Finance...

DOF: P244-M worth of smuggled PPEs, medical supplies seized by Customs from March to May

Robie de Guzman   •   July 3, 2020

MANILA, Philippines – The Bureau of Customs (BOC) has confiscated P244-million worth of smuggled, unregistered or counterfeit personal protective equipment (PPE) and other medical supplies from March 25 to May...

Deadlines for filing of VAT refund claims extended anew, DOF says

Robie de Guzman   •   June 29, 2020

MANILA, Philippines – The Department of Finance (DOF) announced on Sunday that it has extended anew the deadlines for the filing of claims for value-added tax (VAT) refund. In a...

Release of gov’t subsidy for small business workers nearing completion — DOF

Robie de Guzman   •   June 15, 2020

MANILA, Philippines – Government payouts to workers of small businesses heavily affected by the coronavirus pandemic are nearing completion, the Department of Finance (DOF) said. Finance Assistant Secretary and spokesperson...

DOF eyes tailor-fit tax, non-tax incentives to lure investors under ‘new normal’

Robie de Guzman   •   May 25, 2020

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez III is proposing a “more proactive” and “targeted” investment promotion strategy to attract the kind of foreign investors that the...

Lacson supports DOF bid to hire more contact tracers amid COVID-19 crisis

Robie de Guzman   •   May 12, 2020

MANILA, Philippines – Senator Panfilo Lacson on Tuesday expressed support for the proposal of the Department of Finance (DOF) to prioritize the hiring of contact tracers to boost the country’s...

Philippines, ADB sign $200-M loan deal to augment gov’t cash aid to poor families

Robie de Guzman   •   April 30, 2020

MANILA, Philippines – The Department of Finance (DOF) on Thursday said the Philippines and the Asian Development Bank (ADB) have signed a $200-million loan agreement to augment the funding for...

Philippines, World Bank ink $100-M loan accord for COVID-19 emergency response project

Robie de Guzman   •   April 29, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday announced that the Philippines has signed a $100-million loan agreement with the World Bank to strengthen the country’s COVID-19 emergency...

DOF asks Congress to extend tax relief for small businesses affected by COVID-19 crisis

Robie de Guzman   •   April 27, 2020

MANILA, Philippines – The Department of Finance (DOF) on Monday said it has asked Congress to approve a measure which will allow the government to absorb the losses of small...

PH ‘financially able’ to meet COVID-19 challenges, Finance chief says

Robie de Guzman   •   April 13, 2020

MANILA, Philippines – The Department of Finance (DOF) has assured that the Philippine government is financially ready to meet the unexpected challenges brought about by the novel coronavirus disease (COVID-19)...

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