Topic

Department of Finance

DoF

The Department of Finance (DOF) plays a central role in shaping the Philippines' economic policies, including budget planning, tax reforms, and financial regulations. It has been actively involved in proposing and revising tax measures, such as the General Tax Amnesty and the Capital Markets Efficiency Promotion Act (CMEPA). Under Finance Secretary Ralph Recto, the DOF has focused on fiscal sustainability, infrastructure spending, and improving the business environment.

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This is an AI-generated summary based on recent coverage. It was last updated on Mon, September 8, 2025 at 8:13 AM

Latest Stories

Recent developments on Department of Finance

Wed, September 10, 2025 at 3:47 PM

France to finance P28B infrastructure project, not South Korea

The Department of Finance (DOF) clarified that a proposed P28-billion infrastructure project is being financed by France, not South Korea.

Wed, September 10, 2025 at 12:16 PM

SK president halts P28B loan to PH amid corruption concerns

South Korean President Lee Jae-myung has ordered an immediate halt to a proposed 700-billion won (approximately P28 billion) infrastructure loan to the Philippines, citing corruption concerns.

Mon, September 8, 2025 at 12:00 AM

DA, World Bank to launch $70M climate insurance fund for farmers

The Department of Agriculture (DA) and the World Bank are collaborating to establish a $70 million climate insurance fund, structured as a co-insurance pool involving private insurers and the Philippine Crop Insurance Corp. (PCIC).

Wed, September 3, 2025 at 4:35 PM

DOF to tighten flood control project approval

The Department of Finance (DOF) is set to implement a stricter approval process for flood control projects by aggregating them within single river basins, as approved by the Economy and Development Council Investment Coordination Committee (ICC-CC).

Wed, September 3, 2025 at 2:56 PM

42% of Filipinos see no change in quality of life: SWS survey

A recent Social Weather Stations (SWS) survey indicates that 42% of Filipinos perceive no change in their quality of life compared to the previous year.

Mon, September 1, 2025 at 2:42 PM

PBBM signs enhanced fiscal regime for large-scale metallic mining

President Ferdinand "Bongbong" Marcos Jr. signed into law Republic Act No. 12253, or the "Enhanced Fiscal Regime for Large-Scale Metallic Mining Act," establishing a new fiscal framework for large-scale metallic mining.

Mon, August 18, 2025 at 4:07 PM

DOF sec urges Congress to follow MTFP for 2026 budget

Department of Finance Secretary Ralph Recto urged Congress to adhere to the Medium-Term Fiscal Program (MTFP) during deliberations for the 2026 budget to ensure efficient use of taxpayer money.

Sun, August 17, 2025 at 12:00 AM

PBBM reorganizes ED Council

President Ferdinand Marcos Jr. reorganized the Economic and Development Council (ED Council) through Administrative Order No. 37, effective retroactively from April 27, 2025.

Tue, August 12, 2025 at 9:05 PM

SSS confirms no investments in online gambling

The Social Security System (SSS) has confirmed it has no current investments in or future plans to invest in online gambling firms.

Mon, August 11, 2025 at 3:53 PM

DOF eyes general tax amnesty, to curb e-gambling

The Department of Finance (DOF) is considering a General Tax Amnesty program and measures to curb e-gambling.