Finance

DOF thanks China for donation of heavy equipment for Marawi rehab

On behalf of the Philippine government, the Department of Finance (DOF) has expressed its gratitude to China for the early arrival of its donation of $3 million-worth of heavy equipment to...

DBM Kicks off Executive Course on Public Financial Management

The Department of Budget and Management (DBM) is hosting an eight-week Executive Program on Public Financial Management (PFM). The Course, which will run every Friday starting today until December 8, 2017,...

Dominguez says end of Marawi conflict to boost investor confidence

Finance Secretary Carlos Dominguez III said the impending end of the drawn-out conflict in Marawi City will further boost investor confidence in the economy, more so now that the government can...

PHL working with ASEAN on disaster risk insurance scheme

The Philippines has teamed up with other member-states of the Association of Southeast Asian Nations (ASEAN) to improve catastrophic reinsurance initiatives that will help communities across the region recover faster from...

PH posts USD24-M BOP surplus in Sept. ’17

MANILA - - The Philippines balance of payment (BOP) position reversed to a surplus in September 2017 after staying in deficit since last May. Data released by the Bangko Sentral ng Pilipinas...

Peso falls to 11-yr low vs. USD; PSEi bounces back

MANILA - - The peso fell to its 11-year low against the US dollar on Thursday while the Philippine Stock Exchange index (PSEi) bounced back after ending its three-day rally to...

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