Finance

Dominguez says hefty investments fueling PH’s rapid growth

MANILA -- Finance Secretary Carlos Dominguez III said in a statement on Tuesday that the Philippines continues to be among the best performing economies in Asia, on the strength of higher foreign...

Fixed exchange rate dangerous for PH: Espenilla

MANILA -- Some people have questioned the market-determined exchange rate policy of the Bangko Sentral ng Pilipinas (BSP), especially now that the local unit has been posting weakness against the US dollar. However,...

Asian currencies slip on trade fears as authorities try to avert crisis

TAIPEI — Many of Asia's currencies are losing value against the U.S. dollar this year as China and the United States fight over trade, but analysts say policymakers are handling the dip...

GOCC remittances fueling infra, social services spending

MANILA -- Finance Secretary Carlos Dominguez III said in a statement on Friday that record remittances from 54 government-owned and -controlled corporations (GOCCs) will go a long way in helping the Duterte...

Diokno denies compromise reached on cash-based budgeting

MANILA -- Budget Secretary Benjamin Diokno on Thursday denied that a compromise between lawmakers and the Department of Budget and Management (DBM) regarding the cash-based budget implementation in 2019 has been reached. On...

Dominguez wants dialogue to clear ambiguities of federalism

MANILA -- Finance Secretary Carlos Dominguez III has maintained that the draft federal constitution contains ambiguous provisions on the allocation of expenditures for the would-be federated government and its federated regions, which...

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