Tag: DOF

ASEAN business advisory council: Ekonomiya ng Pilipinas, makikinabang sa paghost ng summit

Ni Meanne Corvera Eagle News Service Malaki raw ang magiging pakinabang ng ekonomiya ng Pilipinas sa pagiging host ng 30th Association of Southeast Asian Nations. Sinabi ni ASEAN business advisory council chair Joey Concepcion na posibleng bumirit ang pagnenegosyo sa Pilipinas lalo na ang mga small at medium enterprises. Sa pamamagitan kasi ng summit magkakaroon ng palitan ng impormasyon sa nangyayaring kumpetisyon sa kalakalan. Naniniwala si Paynor na malaki ang maitutulong ng mga ganitong summit […]

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ASEAN confident of achieving economic integration; benefits to reach its 650 M people

  (Eagle News) — With a market which is even bigger than that of the United States, the Association of Southeast Asian Nations (ASEAN) is working vigorously toward integrating the region’s economies to bring the benefits of growth to the 650 million people in this 10-nation bloc. This was how Finance Secretary Carlos Dominguez III explained the “compelling” reason to implement the ASEAN goal of a single market and production base under the ASEAN Economic […]

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DOF chief Dominguez to ASEAN investors: This is the best time to invest in region

(Eagle News) — Finance Secretary Carlos Dominguez III told participants at the ASEAN Finance Ministers Investors’ Seminar (AFMIS) that now is the best time to invest in the economies of the 10-nation Association of Southeast Asian Nations (ASEAN) as they are expected to collectively become a strong driver of global growth in the next decade. Dominguez, as host of this year’s AFMIS, delivered the opening remarks at the forum’s plenary session. Finance ministers and central […]

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BIR still determining Mighty’s tax deficiencies, says DOF’s Dominguez

  Finance Secretary Carlos Dominguez III said the Bureau of Internal Revenue (BIR) is still determining the correct amount that Mighty Corporation should pay in deficiency taxes as lawyers for the cigarette manufacturing firm have been “obstructing” government efforts to look into its business activities. “We have not received any written order from the President. [BIR Commissioner] Billy Dulay has not even finished quantifying how much (Mighty) should pay,” Dominguez said. Dominguez added that “we […]

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Palace gives 28 mining firms chance to air their side

  (Eagle News) — Malacanang has intervened in the closure and suspension orders on 28 mining companies which had earlier been issued by the Department of Environment and Natural Resources, asking that the mining firms be first given the chance to give their side. President Duterte has directed that due process first be observed against the supposedly erring mining firms, by giving them the opportunity to present their side and to dispute audit findings of the […]

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Fastest in Asia: Philippine economy grows 6.8%, surpassing even China

  (Eagle News) — The Philippine economy grew a solid 6.8 percent in 2016, surpassing even China, and considered one of the fastest rates in Asia last year. Data provided by the Philippine Statistics Authority showed that the Philippine economy was even faster that China (6.7 percent), and Vietnam (6.2 percent) reflecting the fastest Gross Domestic Product growth in Asia. Finance Secretary Carlos Dominguez III said that this proved that the economy is in “pretty good […]

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Yearender: High growth sustainable in 2017– DOF

MANILA, Jan. 2 – The Department of Finance (DOF) remains bullish on prospects for continued high growth in 2017 and onwards, and is committed to helping Malacanang pursue its accelerated spending program not only to sustain the economic momentum but, more importantly, to also spread its benefits to all sectors across all regions by way of more jobs and better living standards. Finance Secretary Carlos Dominguez III said that despite the political noise in the […]

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Purisima in Jakarta for the World Economic Forum on East Asia

FINANCE Secretary Cesar V. Purisima is in Jakarta to attend the World Economic Forum on East Asia. He joins other ASEAN leaders anticipating the launch of the ASEAN Economic Community by end-2015. Hosted by Indonesia and themed, “Anchoring Trust in East Asia’s New Regionalism,” the 24th World Economic Forum (WEF) on East Asia brings together economic leaders in unlocking the barriers to integration, competition, and interconnectivity. Purisima will be in the spotlight as he discusses […]

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