ASEAN – Despite having the third biggest increase in the external debt ratio among five Southeast Asian countries, the Philippines still maintains the lowest ratio of foreign debt to domestic production. According to a research from the Department of Finance’s senior economist Gil Beltran, the Philippines has the lowest foreign debt as a percentage of GDP (27%) among ASEAN nations …

MANILA – The Department of Finance (DoF) has announced that a two-month wage subsidy package worth P16.4-B will be credited to the accounts of more than 2.1 million qualified beneficiary-workers of the Small Business Wage Subsidy (SBWS) program. The Small Business Wage Subsidy (SBWS) program, jointly implemented by the Department of Finance (DOF), Bureau of Internal Revenue (BIR), and the …

To prevent coronavirus disease from spreading following exposure of the country’s top economic officials to COVID-19 patients, the Department of Finance (DOF), Bangko Sentral ng Pilipinas (BSP), the Government Service Insurance System (GSIS) and the Asian Development Bank (ADB) temporarily suspended operations on Thursday to disinfect their facilities. Finance Secretary Carlos G. Domínguez III said the DOF building in Manila …