Posts Tagged Department of Finance

DOF: Temporary reduction of pork import tariffs ‘immediate, practicable’ solution to check inflation

Robie de Guzman   •   April 28, 2021

MANILA, Philippines – President Rodrigo Duterte’s order to allow more pork imports at lower tariffs for a temporary period is an “immediate and practicable” response to avoid price spikes, Department...

DOF urges Congress to support Duterte order to increase pork imports at lower tariff rates

Robie de Guzman   •   April 21, 2021

MANILA, Philippines – Department of Finance (DOF) Secretary Carlos Dominguez III has called on lawmakers to support President Rodrigo Duterte’s order to temporarily increase pork importations at lower tariff rates...

BIR, DOF urged to extend deadline for ITR filing

Robie de Guzman   •   April 7, 2021

MANILA, Philippines – Senator Nancy Binay on Wednesday called on the Bureau of Internal Revenue (BIR) and the Department of Finance (DOF) to reconsider their decision not to extend the...

BSP issues digital banking license for Overseas Filipino Bank

Robie de Guzman   •   April 5, 2021

MANILA, Philippines – The Overseas Filipino Bank (OFBank) has officially become the first branchless digital-only bank in the country’s history after securing a digital banking license from the Monetary Board...

Napocor, Transco eye electrification of 30K unserved, off-grid areas this year

Robie de Guzman   •   March 26, 2021

MANILA, Philippines – State-owned National Power Corp. (Napocor) and the National Transmission Corp. (Transco) are looking to add 45.31 megawatts of power capacity, 71.3 circuit kilometers (km) of transmission lines...

DOF OKs inclusion of COVID-19 vaccine imports in express lane for tax processing

Robie de Guzman   •   February 26, 2021

MANILA, Philippines – All importations of COVID-19 vaccines will now be included in the “Mabuhay” or express lane of the Department of Finance to allow quick processing of the tax...

DOF orders BOC to heighten security vs pork smuggling

Aileen Cerrudo   •   February 23, 2021

MANILA, Philippines—The Department of Finance (DOF) has ordered the Bureau of Customs (BOC) to heighten its security against pork smuggling . Finance Secretary Carlos Dominguez III wants a tighter watch...

Duterte authorizes DOF to firm up US grant for BIR digital transformation

Robie de Guzman   •   January 20, 2021

MANILA, Philippines – President Rodrigo Duterte has authorized the Department of Finance (DOF) to enter into talks with the United States Trade and Development Agency (USTDA) for a possible $809,450...

Customs seized P9.75B worth of smuggled goods in 2020

Robie de Guzman   •   January 19, 2021

MANILA, Philippines – The Bureau of Customs (BOC) has confiscated an estimated P9.746 billion-worth of smuggled goods in 2020, the Department of Finance (DOF) said on Tuesday. Citing a report...

PH, Japan reaffirm commitment to better economic ties

Robie de Guzman   •   December 29, 2020

MANILA, Philippines – The Department of Finance (DOF) reported that the Philippines and Japan have reaffirmed their commitment to further enhance economic partnership, which includes plans to expand Japanese investments...

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