Tag: DOF

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Funds Flow Fast: MRT-3  upgrade accelerates 

Transport & Logistics Context.ph Context.ph -
The Department of Finance (DOF) has officially greenlit fresh fundings to revitalize the Metro Rail Transit Line 3 (MRT-3), signaling a bold leap forward for commuter convenience and urban mobility.

BIR resets audits with tighter, fairer rules

Banking & Insurance Context.ph Context.ph -
The Bureau of Internal Revenue (BIR) is rebooting its audit regime, promising fewer surprises and more predictability for taxpayers as field audits officially resume. 

CARS incentives finally shift into gear 

Economy Context.ph Context.ph -
Government incentives under the Comprehensive Automotive Resurgence Strategy (CARS) Program could finally begin flowing this year, with funding initially sourced from declared savings of the Department of Public Works and Highways (DPWH).

DOT, DOF untangle tourism tax rules

Travel & Tourism Context.ph Context.ph -
The Department of Tourism (DOT) and the Department of Finance (DOF) are moving to calm nerves across the travel industry, forming a technical working group (TWG) to address tax concerns triggered by a sweeping new revenue regulation.

Business groups back DOF tax audit reforms

Economy Context.ph Context.ph -
Support for reforms initiated by the Department of Finance at the Bureau of Internal Revenue is gaining momentum, with leading business groups hailing the measures as a confidence boost for investors and a reset for tax administration.

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ADB: Philippines stays course despot inflation surge

Economy 0
Despite a sharp rise in April inflation and mounting external risks, the Philippines remains “on the right track,” according to Asian Development Bank chief economist Albert Park, who spoke to CNBC during the lender’s annual meeting in Uzbekistan on Tuesday. 

Alsons Power highlights need for timely outage reporting

Energy & Mining 0
Alsons Power Group emphasized the importance of promptly reporting power outages to maintain stable and reliable operations.

DigiPlus profit in Q1 falls as access rules bite

Corporate 0
DigiPlus Interactive Corp., operator of BingoPlus, ArenaPlus, and GameZone, posted a net income of P2.8 billion in the first quarter of 2026, down 33 percent year-on-year as regulatory changes and softer consumer spending weighed on platform activity.

DICT targets up to 80% cut in broadband costs by 2028

Communications & Technology 0
The Department of Information and Communications Technology (DICT) plans to cut broadband costs in the country by 40 to 80 percent by 2028 under its National Digital Connectivity Plan.

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