finance - updates

Rappler's latest stories on finance

ARTICLE FINDER

Japan-funded projects for signing in Q1 2019

Jan 16, 2019 - 4:35 PM

More flood control and road projects are set to be funded by Japan this year

DOF turns sour as sugar tax collections miss target

Jan 03, 2019 - 4:51 PM

Taxes collected from sugar-sweetened beverages from January to October 2018 stand at P30 billion, 25% short of the P40-billion target

DOF's 2019 wish: Passage of Trabaho bill, other tax reform packages

Jan 01, 2019 - 4:27 PM

Finance Secretary Carlos Dominguez III says they will seek a last push discussion with legislators for the approval of the measures before the 2019 elections

TRABAHO BILL. Finance Secretary Carlos Dominguez III says they will "discuss" Trabaho Bill again with legislators for a last push to pass it in the current Congress. Photo by Darren Langit/Rappler

Tax Academy to offer public finance, online courses in 2019

Dec 26, 2018 - 5:42 PM

Finance Undersecretary Gil Beltran says this setup will make courses of the Philippine Tax Academy available to all personnel of revenue agencies

Big ticket items you didn’t know you can buy without a credit card

Dec 21, 2018 - 7:03 PM

Now you can give your loved ones or yourself the things they’ve always wanted and needed

[OPINION] More urgency for the Philippines after Poland climate talks

Dec 20, 2018 - 1:34 PM

'The Philippines has actively championed the cause of vulnerable nations in the international arena, but now it needs to proactively lead its citizens toward a social transformation'

Arroyo as next finance or budget chief? Diokno says 'all speculation'

Dec 20, 2018 - 11:14 AM

'Sa job ko? My goodness... Kala ko kay Secretary [Carlos] Dominguez, hindi naman sa akin. But these are all speculation, okay,' says Diokno

Budget Secretary Benjamin Diokno at the Plenary Congress Plenary Hall to attend the 2018 budget deliveration on Tuesday, 11, 2018. Photo by Darren Langit/Rappler

[ANALYSIS] Let’s not blame the forecasters for runaway inflation

Dec 19, 2018 - 12:09 PM

Antagonistic remarks only put at risk otherwise friendly relations between government and the private sector

DOF blames 'faulty' forecasts for high inflation in 2018

Dec 17, 2018 - 11:10 AM

The Department of Finance says analysts' inaccurate forecasts elevated inflation expectations. But the agency's own estimates were also off.

Dominguez hits Arroyo over 'scandalous' China deals

Dec 06, 2018 - 3:55 PM

'I don't have to mention the names, I'll just mention some initials. ZTE, for instance,' says Finance Secretary Carlos Dominguez III

Tips on how to be financially secure

Dec 05, 2018 - 3:06 PM

Start the new year right

To tame inflation, agriculture must improve – economic managers

Dec 05, 2018 - 2:25 PM

Economic managers urge the Department of Agriculture to invest in modern farming tools to improve farmer productivity

IMPROVEMENT. Economic managers call on the Department of Agriculture to implement programs to improve farmer productivity. Photo by Mau Victa/Rappler


Local Treasury test results released

Dec 04, 2018 - 8:19 PM

PRESS RELEASE: CSC conferred recently the Local Treasurer Eligibility on 651 individuals who passed the Basic Competency on Local Treasury Examination

INFOGRAPHIC: The road to living life to the fullest

Nov 29, 2018 - 12:00 PM

Savings and loans are enablers to this, contrary to what you might believe

Philippines to meet budget deficit target in 2018, says DOF

Nov 28, 2018 - 2:50 PM

The Bureau of the Treasury says the year-to-date fiscal gap stands at P438.1 billion of the P523.6-billion target cap

TARGET. Finance Secretary Carlos Dominguez III says the Philippine government will most likely hit the budget deficit ceiling targeted for 2018. Photo from Department of Finace

Duterte EO adopts strategy to fight money laundering, terrorism financing

Nov 21, 2018 - 5:09 PM

The strategy is to be implemented by government agencies from 2018 to 2022

Seeking DOF post in 2019? ‘It's so hypothetical,’ says Arroyo

Nov 13, 2018 - 1:17 PM

Former president Gloria Macapagal Arroyo is on her 3rd and last term as Pampanga congresswoman and is planning to retire next year

RETIRING NEXT YEAR. Speaker Gloria Arroyo says she is not interested in a Cabinet post in 2019. File photo by Darren Langit/Rappler

A millennial dancer's financial adulting journey

Nov 07, 2018 - 1:24 PM

This is the story of how Michelle Kawpeng pursued her passion for dancing and teaching

Economic team urges agriculture dept to solve food supply problems

Nov 06, 2018 - 6:05 PM

The government's economic team says the Department of Agriculture must improve farmers' productivity to bring food prices down

FOOD PRICES. The government's economic team urges the Agriculture Department to implement reforms. Photo by Ben Nabong/Rappler

PH slips 11 notches in World Bank's ease of doing business ranking

Nov 02, 2018 - 1:28 PM

The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'

Philippines, China launch peso-yuan trading facility

Oct 30, 2018 - 8:05 PM

Finance Secretary Carlos Dominguez III says this reduces the cost of doing business for Chinese and Filipino businessmen

FASTER CONVERSION. The peso-yuan trading facility hastens the exchange of the two currencies. Shutterstock photo

Everything under the sun: Financial advice on education and inflation, can a parent afford both?

Oct 25, 2018 - 11:02 AM

In this "Everything Under the Sun" column, financial advisor Kendrick Chua tackles how a single father must prepare early on for his child's education

Dominguez: Chinese businessman Michael Yang not consulted on economic matters

Oct 22, 2018 - 12:45 PM

'I don't meet him on economic matters,' says Finance Secretary Carlos Dominguez III

ACCESS TO DUTERTE. Michael Yang (beside presidential aide Bong Go) accompanies President Rodrigo Duterte to a lunch with Chinese businessmen on October 19, 2016. Malacañang file photo

Phishing 101: How to spot and avoid phishing

Oct 19, 2018 - 3:03 PM

Phishing is an industry problem. Arm yourself with information to protect yourself and your money

Will they or won't they? DOF to review fuel tax hike suspension

Oct 18, 2018 - 3:15 PM

The Department of Finance sees less pressure to suspend the fuel excise tax hike in 2019, with Dubai crude prices possibly tapering off in the last quarter of 2018

DOF expects Trabaho bill to create 1.4 million jobs

Oct 17, 2018 - 3:30 PM

Finance Assistant Secretary Tony Lambino says the Trabaho bill would convince more firms to expand due to additional incentives, contrary to views of business groups

Government to cut projects over 2019 fuel tax hike suspension

Oct 17, 2018 - 10:45 AM

Budget Secretary Benjamin Diokno says non-infrastructure projects will be the first in line to be reviewed for postponement

Books will stay tax-exempt under Trabaho bill – DOF

Sep 25, 2018 - 2:35 PM

'Contrary to the wrong information spreading online, the Trabaho bill will not remove the VAT and customs duties exemption on the publication, sale, and importation of books,' says the Department of Finance

Inflation expected to jump even higher in August 2018

Sep 03, 2018 - 10:45 AM

The Department of Finance (DOF) expects inflation to hit another 9-year high

The value of commitment in the age of YOLO

Aug 28, 2018 - 4:00 PM

Why living in the now is not always the best piece of advice

Job losses 'very minimal' under Trabaho bill – DOF

Aug 22, 2018 - 1:45 PM

Finance Undersecretary Karl Kendrick Chua says over 97,000 small and medium enterprises can expand their businesses and generate more jobs due to lower taxes

JOBS. Finance Undersecretary Karl Kendrick Chua says lowering of corporate income taxes mean more jobs. Photo by Toto Lozano/Presidential Photo


Bataan investors defend need for incentives

Aug 16, 2018 - 7:40 PM

The investors raise concerns in a meeting with House officials and the Department of Finance to tackle the tax reforms under the Trabaho bill

Photo courtesy of Speaker Arroyo's office

Dominguez warns unclear federalism proposal would scare investors

Aug 15, 2018 - 5:05 PM

Finance Secretary Carlos Dominguez III says foreigners 'will not invest' if the rules under federalism are not clear

CLARITY. Finance Secretary Carlos Dominguez says the fiscal provisions under federalism must be clear. Photo by DARREN LANGIT


Chinese debt trap? Americans did it too – Dominguez

Jul 31, 2018 - 5:25 PM

'We are not naive. We know all ODA (official development assistance) projects of all countries are designed to influence,' says Finance Secretary Carlos Dominguez III

EXPLAINER: Why the government is pushing for 2nd TRAIN package

Jul 31, 2018 - 3:05 PM

Economic managers aim to cut corporate taxes and push for a simpler fiscal incentive scheme, so what's stopping them? Two Goliaths: politics and money.

DOF runs after officials in P11-billion tax credit scam

Jul 22, 2018 - 4:56 PM

Finance Secretary Carlos Dominguez III forms a high-level task force to recover the P11 billion worth of undue tax credits

COA slams DOF over unused funds, unauthorized honoraria

Jul 20, 2018 - 2:49 PM

The Commission on Audit (COA) recommends that the Department of Finance come up with a 'more realistic budget proposal'

#ThewRap: Things you need to know, July 13, 2018

Jul 13, 2018 - 12:38 PM

Here are the stories you shouldn't miss this Friday

52.8 million Filipinos don't have bank accounts

Jul 12, 2018 - 7:08 AM

They say they don’t have enough money for that, according to a Bangko Sentral ng Pilipinas survey

The millennials' guide to choosing a financial advisor

Jul 09, 2018 - 6:24 PM

Chances are, you’ve already encountered one or more of these kinds of advisors

Thanks to loans, Build, Build, Build 'moving faster' – DOF

Jul 04, 2018 - 4:36 PM

Build, Build, Build is currently financed by taxes, official development assistance, and commercial loans

SITE INSPECTION. Finance Secretary Carlos Dominguez III speaks to reporters during an inspection of the National Government Administration Center on July 4, 2018. Photo by Aika Rey/Rappler

Philippines plans $1-billion samurai bond sale

Jun 19, 2018 - 7:25 PM

Finance Secretary Carlos Dominguez III previously said the samurai bond sale will happen sometime in the 3rd or 4th quarter of the year

COA questions safety of proposed gov't relocation site in Valenzuela

Jun 11, 2018 - 8:40 PM

(UPDATED) The Social Housing Finance Corporation gave the go-signal to start construction of a relocation project for 864 informal settler families from Valenzuela City within a site prone to flooding, tsunami, and unstable ground

UNSAFE? The Commision on Audit questioned the safety of a proposed government site in Valenzuela City.

DOF criticized for 'misleading' inflation graph

Jun 10, 2018 - 7:50 PM

Ex-Department of Finance undersecretary Sunny Sevilla says he is 'dumbfounded' by his former agency's 'tone-deaf, misleading economic commentary'

[EDITORIAL] #AnimatED: The bad joke that is Benjamin Diokno

Jun 04, 2018 - 9:00 AM

Step down from your ivory tower and embrace reality – the reality of the shrinking peso, in the truest meaning of the word

AMLC zooms in on jewelers, fund managers, lawyers, accountants

May 23, 2018 - 9:45 PM

They are now required to register and submit deeds of undertaking to comply with the Anti-Money Laundering Act, as well as attend regular trainings

Gov't underspending leads to narrower budget deficit as of April

May 23, 2018 - 8:05 PM

The Philippines' budget deficit from January to April is at P115.9 billion, lower than the P167.1-billion projection

Agriculture department asks P123.7-billion budget for 2019

May 04, 2018 - 1:41 PM

The proposed amount is more than twice the average allocation, and could be the agency's largest budget if approved

How to get the biggest savings from your trusted brands

May 03, 2018 - 2:56 PM

You can never go wrong with value-for-money purchases!

Maute assets probed as AMLC focuses on terror financing

Apr 19, 2018 - 4:54 PM

The Bureau of Internal Revenue investigates an unnamed individual who tried to claim the P52-million worth of Maute loot

TERROR MONEY. The Anti Money Laundering Council (AMLC) puts focus on investigating terrorism financing as they probe assets of the Maute terror group.