Posts Tagged DOF

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)...

Manufacturers, importers of essential goods to get incentives during COVID-19 quarantine

Robie de Guzman   •   April 8, 2020

MANILA, Philippines – The Department of Trade and Industry (DTI) and the Department of Finance (DOF) said incentives have been granted to manufacturers and importers of essential products and equipment...

Finance Dep’t. issues rules on 30-day extension for loan payments due within Luzon quarantine

Robie de Guzman   •   April 1, 2020

MANILA, Philippines – The Department of Finance (DOF) on Wednesday, April 1 issued the implementing rules and regulations (IRR) for the mandated 30-day grace period for the payment of all...

DOF: P200B aid for 18 million poor families affected by COVID-19 to be distributed in next 2 months

Robie de Guzman   •   March 31, 2020

MANILA, Philippines – The Department of Finance (DOF) on Tuesday detailed the government’s plan to provide emergency subsidies worth P200 billion to some 18 million low-income households who lost their...

Finance chief orders Customs to work with AMLC on dirty money probe

Robie de Guzman   •   March 2, 2020

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez on Monday, March 2, ordered the Bureau of Customs (BOC) to closely coordinate with the Anti-Money Laundering Council (AMLC) in...

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