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Thursday, July 16, 2020
 
Tags Department of Finance

Tag: Department of Finance

Govt stake in UCPB hiked to 97%

The government now owns 97 percent of United Coconut Planters Bank (UCPB), the Department of Finance (DoF) announced on Friday. In a statement, the department...

‘Govt can pay off its Covid-19 loans’

The Philippines is capable of paying off its growing number of loans that were mostly used to support the government’s response to the coronavirus...

Sustainability reiterated; borrowings hit P1.22T

The Department of Finance (DoF) stressed that any economic stimulus plan must be fiscally sustainable as government borrowings surpassed the P1-trillion mark in the...

Financing for Covid response hits $7.7B

Financing for the government’s coronavirus disease 2019 (Covid-19) 2019 pandemic response has hit $7.76 billion as of July 1, according to the Department of Finance (DoF). The...

Manila secures P23-B loan from Tokyo

The Philippines secured from the Japanese government on Wednesday a 50-billion yen (P23.5 billion) loan that will be used for budgetary support. Finance Secretary Carlos...

PH, France sign P14-B loans for infra, financial inclusion

The Philippines has secured from the French government loans worth 250 million euros (P14 billion) that would support programs aimed at expanding financial services...

PH can borrow up to $22B in CMIM

The Philippines can borrow up to $22 billion from the Chiang Mai Initiative Multilateralization (CMIM), according to the Department of Finance (DoF). “As a signatory...

Department of Finance: System to capture VAT leakages to roll out soon

The Department of Finance (DoF) plans to roll out soon a system that would allow the government to capture value-added tax (VAT) leakages from...

BIR, BoC collections fall to over P135B in May

Collections by the Bureaus of Internal Revenue (BIR) and of Customs (BoC) declined by double digits in May “as a result of the economic...

PH, World Bank sign $500-M Covid response loan

The Philippines has signed the previously announced $500-million loan agreement with the World Bank aimed at supporting the government’s ongoing efforts to ease the...

Look: Drive through testing

Health workers from the Manila collect blood samples from motorists and motorcycle riders during the opening of the drive through Covid-19 testing site near...

Metro Manila stays under GCQ until July 31; Cebu City back to MECQ

METRO Manila will remain under general community quarantine (GCQ) until July 31, but will return to modified enhanced community quarantine (MECQ) if the Coronavirus...

Apple wins EU court case over $15 billion in claimed taxes

BRUSSELS: A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in sweetheart tax deals between multinationals and...

Profile of a killer: Unraveling the deadly new coronavirus

NEW YORK (AP) — What is this enemy? Seven months after the first patients were hospitalized in China battling an infection doctors had never seen...

P3.4-M in ‘shabu’ seized in Quiapo

FOUR people were arrested in a police operation which led to the seizure of a huge cache of shabu in Quiapo district in Manila...

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