Monday, April 15, 2024
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PH gov’t getting $1-B loan from WB, AIIB for digital transformation program

Citing the need to strengthen the country’s connectivity infrastructure to increase digital technology adoption, the Department of Finance (DOF) has announced that the Philippine government is venturing into its first Digital Transformation Development Policy Loan worth $1 billion.

After dismal rate in 2021, LGUs told to increase digitalization efforts

In fiscal year 2021, only 5 percent of LGUs made efforts to accept electronic payments through the Electronic Payment and Collection System, according to the Department of Finance.

Diokno tells tax professionals: Help PH shift to digital economy

Department of Finance (DOF) secretary Benjamin Diokno identified digitalization as the key to transforming the system and eradicating corruption within the Bureau of Internal Revenue and Bureau of Customs.

US, WB to extend assistance in digitalization of PH tax system

Department of Finance (DOF) secretary Benjamin Diokno met recently with United States ambassador to the Philippines Marykay Loss Carlson and representatives from the World Bank (WB) to discuss development cooperation in a number of areas, including the digitalization of the local tax system.

Diokno tells SEC: Expand PH capital market through digitalization

Department of Finance (DOF) secretary Benjamin Diokno has urged the Securities and Exchange Commission (SEC) to continue expanding the country’s capital market through digitalization to support economic growth.

Hontiveros asks incoming econ managers to resolve impasse on WFH set-up

The government, however, appears not to be interested in permanently establishing an incentive package for WFH setup with the Department of Finance lauding the decision of BPO firm Concentrix to give up its tax perks in exchange for a continued hybrid work setup for its employees.

Gov’t rejects extension of WFH incentives for BPO firms in NCR

IBPAP president and CEO Jack Madrid said that while the group supports the need to fully reopen the economy, BPO employees have an overwhelming preference for a hybrid work arrangement.

BIR, BOC told to beef up cybersecurity measures amid increasing online scams

Department of Finance (DOF) secretary Carlos Dominguez III has directed the country’s main revenue-generating agencies — the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) — to fortify their respective systems against hacking and other cyber threats as he expressed concern over the increasing number of scams perpetrated online against financial consumers.

SSS, GSIS mount digitalization programs with cyber defense strategy

Department of Finance secretary Carlos Dominguez III had earlier instructed agencies attached to the DOF and government financial institutions to institutionalize a cybersecurity program through a shared defense strategy.

Dominguez: BIR on path to full digitalization despite pandemic

DOF secretary Carlos Dominguez made the declaration as he signed with US Embassy in the Philippines a $809,450.00 grant agreement for the BIR’s ICT Modernization Strategy and Data Center Project.
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