China grants show understanding for PHL’s inclusive growth agenda

Finance Secretary Carlos Dominguez III said that China’s grants for the construction of drug rehabilitation facilities and bridges in Manila indicate its “understanding and sympathy” for the challenges faced by…

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GDP to grow faster in next quarters, says Dominguez

Finance Secretary Carlos Dominguez III sees an even better growth narrative for the Philippines in the succeeding quarters as the Duterte administration further ramps up spending on infrastructure and human…

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Dominguez signs 3 economic, infra cooperation agreements with Chinese officials

Finance Secretary Carlos Dominguez III signed Wednesday three agreements on behalf of the Philippine government on economic and infrastructure cooperation with China, including an accord providing a $23 million grant…

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DOF, JICA sign 15.93-B yen loan accord for Cavite flood control project

The Department of Finance (DOF) and the Japan International Coordination Agency (JICA) sealed last Monday (November 13) a JPY15.93 billion loan agreement for a project that aims to control and…

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China commits $7.34-B in loans, grants for PHL big-ticket projects

China has committed a combined $7.34 billion in soft loans and grants thus far to the Philippines for the implementation of 10 big-ticket projects, the construction of two bridges in…

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BLGF urged to strengthen LGU fiscal autonomy

The Department of Finance (DOF) has challenged its bureau overseeing local treasury financing and revenue administration to continue developing innovative programs to strengthen the fiscal autonomy of local government units…

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Manila, Tokyo to seal JPY1.5-billion grants for Coast Guard, Marawi rehab

The Philippine and Japanese governments will soon sign the exchange of notes on projects intended for rehabilitating Marawi City and strengthening the maritime safety capability of the Philippine Coast Guard,…

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7% GDP growth sustainable over the medium term

Finance Secretary Carlos Dominguez III has expressed confidence that the Philippines can sustain a 7 percent gross domestic product (GDP) growth rate over the medium term, fueled by an unprecedented…

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Duterte admin to run after more tax evaders

Finance Secretary Carlos Dominguez III said the Duterte administration is determined to run after tax evaders, but with due process strictly observed in carrying out this goal. “Our target are…

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