BIG-TICKET investments approved under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act has already reached more than PHP1 trillion as of April this year.
Showing posts with label DOF. Show all posts
Showing posts with label DOF. Show all posts
Friday, May 31, 2024
Thursday, May 30, 2024
Recto: Agri-trucks toll fee hike exemption to cut food inflation
DEPARTMENT OF Finance (DOF) Secretary Ralph Recto said the exemption from toll fee hikes for trucks carrying agricultural goods would help reduce food inflation and ensure the stability of food prices.
Monday, April 29, 2024
Dividends from GOCCs reach PHP39.8B in Jan-April
THE DEPARTMENT of Finance (DOF) said on Monday that dividends collected from government-owned or-controlled corporations (GOCCs) amounted to almost PHP40 billion as of April 24 this year.
Thursday, March 21, 2024
Recto: PH records budget surplus in Jan-Feb 2024
DEPARTMENT OF Finance (DOF) Secretary Ralph Recto said preliminary data showed that the national government has posted a budget surplus in the first two months of the year.
Monday, March 18, 2024
MIC eyes investment in agro-industries
THE MAHARLIKA Investment Corporation (MIC) is currently exploring possible investments in agro-industries.
Tuesday, September 12, 2023
Rice tariff reduction may slash prices by as much as P6 per kilo
THE DEPARTMENT of Finance's (DOF) proposal to reduce the 35-percent rice import tariff rates could bring down the price of imported rice by as much as PHP6 per kilo, a lawmaker said on Monday.
Monday, July 10, 2023
Landbank-DBP merger to be completed first half of 2024
THE COMPLETION of the planned merger between the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP) is expected to be completed in the first half of 2024, Department of Finance (DOF) Secretary Benjamin Diokno said.
Sunday, July 18, 2021
Senators want to investigate ‘troll farms’
THE
SENATE is seeking an investigation into allegations that government funds are
being used or oiling the operation of troll farms that spread
fake news and misinformation on social media.
Friday, April 9, 2021
DOH, FDA allow Chinese Covid vaccine for elderly
SENIOR CITIZENS may now be inoculated with the Chinese Covid-19 vaccine Sinovac after the Department of Health (DOH) and the Food and Drug Administration (FDA) allowed its use provided there is stringent evaluation of their health status and exposure risk.
Sunday, January 6, 2019
DOH to drugstores: Give discount on diabetes, hypertension meds
HEALTH SECRETARY Francisco Duque III called on drugstores and pharmaceutical companies to sell diabetes, high cholesterol and hypertension medications at a discounted price after the Department of Finance announced that such medicines will be exempted from value-added tax starting January 1.
This in line with the implementation of Section 109-AA of Republic Act 10693 as implemented by the DOF, Department of Health (DOH), Bureau of Internal Revenue and Food and Drug Authority (FDA) Joint Administrative Order No. 2-2018 and BIR Regulations No. 25-2018.
Duque said senior citizens would benefit greatly from this, in addition to those who have hypertension, high cholesterol and diabetes. "Ang panagawan natin sa mga drugstores ay sundin natin ang batas nang hindi tayo magkaroon ng problema. Otherwise, baka kayo makasuhan.
There is only 7 percent of senior citizens out of the total population of 104 million and the rest won't be covered," he said.
With its implementation, senior citizens will have a 32 percent discount on all medicines for such diseases, Duque said, adding, concerned agencies worked on the VAT exemption for these types of medicine first as they are the "common maintenance medications, which many Filipinos spend a lot of money on".
"But we're also sensitive to the clamor of some groups like the cancer patients with breast cancer, prostate cancer, et cetera and as a regulatory oversight agency, the FDA will ensure that the important provisions of the law are complied with, with the help of the DOH,” Duque said. (Maria Teresa Montemayor)
This in line with the implementation of Section 109-AA of Republic Act 10693 as implemented by the DOF, Department of Health (DOH), Bureau of Internal Revenue and Food and Drug Authority (FDA) Joint Administrative Order No. 2-2018 and BIR Regulations No. 25-2018.
Duque said senior citizens would benefit greatly from this, in addition to those who have hypertension, high cholesterol and diabetes. "Ang panagawan natin sa mga drugstores ay sundin natin ang batas nang hindi tayo magkaroon ng problema. Otherwise, baka kayo makasuhan.
There is only 7 percent of senior citizens out of the total population of 104 million and the rest won't be covered," he said.
With its implementation, senior citizens will have a 32 percent discount on all medicines for such diseases, Duque said, adding, concerned agencies worked on the VAT exemption for these types of medicine first as they are the "common maintenance medications, which many Filipinos spend a lot of money on".
"But we're also sensitive to the clamor of some groups like the cancer patients with breast cancer, prostate cancer, et cetera and as a regulatory oversight agency, the FDA will ensure that the important provisions of the law are complied with, with the help of the DOH,” Duque said. (Maria Teresa Montemayor)
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