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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EV loan demand pushes DTI fund expansion

Transport & Logistics 0
The government is seeking to expand the P2-billion financing pool for a program helping public transport operators transition to electric vehicles (EVs), as demand grows among transport groups and delivery riders looking for cleaner and more cost-efficient mobility options.

Fuel prices to rise across all variants this week

Energy & Mining 0
Prices of gasoline, diesel, and kerosene will increase nationwide this week, the Department of Energy (DOE) confirmed on Monday.

Cebuana Lhuillier drives shift from access to active finance use

Banking & Insurance 0
Financial inclusion in the Philippines has made significant strides, with formal account ownership nearly doubling since 2011 based on the World Bank’s Global Findex Database. But the deeper challenge is now emerging as access has expanded faster than sustained usage of financial services.

Customs fast-tracks digital shift in air cargo

Travel & Tourism 0
The Bureau of Customs (BOC) is ramping up the rollout of the Electronic Airway Bill (e-AWB) under Commissioner Ariel F. Nepomuceno, signaling a more aggressive push to digitize export processing and modernize the country’s trade infrastructure.

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