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Carlos Dominguez III

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Recent developments on Carlos Dominguez III

Wed, December 14, 2022 at 7:57 PM

Ex-Duterte finance chief denies blocking vaccine deal audit

Former Duterte administration officials, including ex-Finance Secretary Carlos Dominguez III, denied refusing to subject government vaccine deals to audit by the Commission on Audit (COA).

Wed, June 29, 2022 at 11:13 PM

IC to supervise PCIC following DOF order

The Insurance Commission (IC) will now supervise the Philippine Crop Insurance Corp. (PCIC), a state-controlled entity, following the issuance of Department Order No. 038.2022 by Department of Finance (DOF) Secretary Carlos Dominguez III.

Wed, June 22, 2022 at 4:59 PM

PH withdraws from EITI over 'biased' assessment

The Philippines has withdrawn from the Extractive Industries Transparency Initiative (EITI) due to concerns over its "subjective, biased and unfair" assessment process.

Wed, June 22, 2022 at 12:01 AM

DoF affirms 2017 ruling declaring BFPMBAI operations illegal

The Department of Finance (DoF) has affirmed a 2017 ruling by the Insurance Commission (IC) that declared the operations of the Bureau of Fire Protection Mutual Aid and Beneficiary Association, Inc. (BFPMBAI) as illegal.

Thu, June 16, 2022 at 7:59 PM

DoF clarifies 12% VAT on electricity is paid only once

The Department of Finance (DoF) clarified that power consumers only pay a 12% value-added tax (VAT) once, refuting claims of double taxation in the electric power industry.

Mon, June 13, 2022 at 6:57 PM

PH secures P17.4 billion loan from China for Samal-Davao bridge project

The Philippine government secured a P17.4 billion loan from China for the Samal Island-Davao City Connector Project.

Wed, June 8, 2022 at 5:04 PM

PH may need 10 years to lower debt-to-GDP ratio

The Philippines may need at least 10 years to revert its debt-to-gross domestic product (GDP) ratio to its pre-pandemic level of 40%.

Fri, June 3, 2022 at 10:00 PM

FIRB to harmonize IPA fee schedules for tax incentives

The Fiscal Incentives Review Board (FIRB) has directed all investment promotion agencies (IPAs) to submit their fee schedules for services related to tax incentives to harmonize collections.

Thu, June 2, 2022 at 1:59 PM

PH debt climbs to P12.76 trillion in April

The Philippines' total outstanding debt reached P12.76 trillion as of end-April 2022, an increase of 0.7% or P83.4 billion from the previous month.

Mon, May 30, 2022 at 6:58 PM

Cabinet highlights Duterte legacy achievements

Cabinet officials highlighted the Duterte administration's tax reforms, infrastructure projects, and COVID-19 response during the "Duterte Legacy Summit."