WASHINGTON DC—Finance Secretary Carlos Dominguez III said here the acquisition by United States (US) private equity firm Cerberus Frontier of the former Hanjin shipyard at the Subic Bay Freeport is…
The Power Sector Assets and Liabilities Management Corp. (PSALM) has trimmed to P355.2 billion its financial obligations as of end-2021 from close to P538 billion before President Rodrigo Duterte assumed…
As instructed by Finance Secretary and Fiscal Incentives Review Board (FIRB) Chairperson Carlos. Dominguez III, the FIRB Secretariat will look into streamlining and rationalizing the huge fees collected by investment…
The heightened implementation of the Bureau of Internal Revenue (BIR)’s digitalization transformation (DX) programs, complemented by its growing workforce of young and skilled professionals under the Duterte administration, enabled the…
The National Power Corp. (Napocor) has increased its capacity additions in missionary or off-grid areas from 13.66 megawatts (MW) in 2016 to 88.53 MW as of December 2021, or more…
The Fiscal Incentives Review Board (FIRB) Secretariat has reported that the amount of budgetary support investment promotion agencies (IPAs) received from the national government in the last five years has…
A total of 958 municipal, city, and provincial treasurers and assistant treasurers have been appointed by Finance Secretary Carlos Dominguez III since 2016 in line with the Duterte administration’s goal…
The anti-corruption arm of the Department of Finance (DOF) has so far investigated a total of 468 employees based on various complaints and lifestyle checks during the past five years…
Reforms in the property valuation system that would let local government units (LGUs) collect the right amount of taxes by regularly updating the schedule of market values (SMV) in assessing…
