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                    [ArticleID] => 2434527
                    [Title] => DOF cuts privatization goal to P50 billion
                    [Summary] => 
The Department of Finance has cut by half its privatization goal this year to P50 billion as part of efforts to generate revenues and widen the limited fiscal space without raising new taxes.

                    [DatePublished] => 2025-04-09 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/04/08/4_2025-04-08_18-51-56573_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2433039
                    [Title] => Finance chief says idle PhilHealth funds tapped for 'Bayanihan 3'
                    [Summary] => 
Finance Secretary Ralph Recto stressed the government’s move to employ unused funds from the Philippine Health Insurance Corporation (PhilHealth) aimed to ease the national debt burden and aide economic recovery without resorting to new taxes or securing additional loans.

                    [DatePublished] => 2025-04-02 19:59:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => https://media.philstar.com/photos/2020/08/15/sasa_2020-08-15_21-33-4866_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2427883
                    [Title] => DOF issues draft rules on VAT refund for tourists
                    [Summary] => 
The Department of Finance has released the draft implementing rules and regulations (IRR) for the refund of value-added tax (VAT) on local goods purchased by tourists in a bid to promote the Philippines as a shopping destination.

                    [DatePublished] => 2025-03-13 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/03/12/akl_2025-03-12_19-39-51188_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 2416132
                    [Title] => Individuals may soon bid in sale of ‘small’ government assets
                    [Summary] => The government may soon accept unsolicited proposals for the privatization of its various assets, particularly small ones, once the new rules are published and take effect, the Department of Finance said.
                    [DatePublished] => 2025-01-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1375272
                    [AuthorName] => Jasper Emmanuel Arcalas
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/22/dof_2025-01-22_18-58-13796_thumbnail.jpg
                )

            [4] => Array
                (
                    [ArticleID] => 2414705
                    [Title] => DBP raises P11 billion from bond offering
                    [Summary] => The Development Bank of the Philippines  has successfully raised P11 billion through a dual bond offering to support the anticipated increase in lending activities this year.
                    [DatePublished] => 2025-01-17 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805144
                    [AuthorName] => Catherine Talavera
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/16/dbp_2025-01-16_19-13-52491_thumbnail.jpg
                )

            [5] => Array
                (
                    [ArticleID] => 2414716
                    [Title] => LGUs’ national tax share rises to 35% next year – Recto
                    [Summary] => Local government units  would be getting 35 percent of the national taxes beginning next year as earmarking of the incremental increases in state revenues is set to expire, the Department of Finance said.
                    [DatePublished] => 2025-01-17 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1375272
                    [AuthorName] => Jasper Emmanuel Arcalas
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/16/a_2025-01-16_19-40-50470_thumbnail.jpg
                )

            [6] => Array
                (
                    [ArticleID] => 2413699
                    [Title] => Determination of tax allotment shares for LGUs clarified
                    [Summary] => The Department of Finance has reaffirmed its commitment to transparency and strict compliance with the Supreme Court (SC) decision and relevant laws in determining the National Tax Allotment shares for local government units
                    [DatePublished] => 2025-01-12 14:39:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => https://media.philstar.com/photos/2025/01/12/philstar-nation_2025-01-12_14-44-30797_thumbnail.jpg
                )

            [7] => Array
                (
                    [ArticleID] => 2411405
                    [Title] => DOF lauds state-run banks for strong financial standing
                    [Summary] => The Department of Finance has commended the Land Bank of the Philippines and the Development Bank of the Philippines  for maintaining robust financial positions, despite their contributions to the Maharlika Investment Fund.
                    [DatePublished] => 2025-01-03 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/02/ralph_2025-01-02_18-56-16284_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2409801
                    [Title] => Slower fiscal consolidation seen as government vows no new taxes
                    [Summary] =>  The start of 2024 confirmed a longstanding rumor of a significant change at the Department of Finance: a new secretary was coming.
                    [DatePublished] => 2024-12-26 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/12/25/tax_2024-12-25_17-42-56949_thumbnail.jpg
                )

            [9] => Array
                (
                    [ArticleID] => 2409006
                    [Title] => DTI, DOF release interim rules on CREATE MORE
                    [Summary] => The Department of Trade and Industry and the Department of Finance have issued interim rules to enable investment promotion agencies to register projects and offer incentives under the CREATE MORE Act, while waiting for the law’s implementing rules and regulations.
                    [DatePublished] => 2024-12-22 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1473425
                    [AuthorName] => Louella Desiderio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/12/21/14_2024-12-21_20-17-02739_thumbnail.jpg
                )

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)

DOF

Array
(
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            [0] => Array
                (
                    [ArticleID] => 2434527
                    [Title] => DOF cuts privatization goal to P50 billion
                    [Summary] => 
The Department of Finance has cut by half its privatization goal this year to P50 billion as part of efforts to generate revenues and widen the limited fiscal space without raising new taxes.

                    [DatePublished] => 2025-04-09 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/04/08/4_2025-04-08_18-51-56573_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2433039
                    [Title] => Finance chief says idle PhilHealth funds tapped for 'Bayanihan 3'
                    [Summary] => 
Finance Secretary Ralph Recto stressed the government’s move to employ unused funds from the Philippine Health Insurance Corporation (PhilHealth) aimed to ease the national debt burden and aide economic recovery without resorting to new taxes or securing additional loans.

                    [DatePublished] => 2025-04-02 19:59:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => https://media.philstar.com/photos/2020/08/15/sasa_2020-08-15_21-33-4866_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2427883
                    [Title] => DOF issues draft rules on VAT refund for tourists
                    [Summary] => 
The Department of Finance has released the draft implementing rules and regulations (IRR) for the refund of value-added tax (VAT) on local goods purchased by tourists in a bid to promote the Philippines as a shopping destination.

                    [DatePublished] => 2025-03-13 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/03/12/akl_2025-03-12_19-39-51188_thumbnail.jpg
                )

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                    [ArticleID] => 2416132
                    [Title] => Individuals may soon bid in sale of ‘small’ government assets
                    [Summary] => The government may soon accept unsolicited proposals for the privatization of its various assets, particularly small ones, once the new rules are published and take effect, the Department of Finance said.
                    [DatePublished] => 2025-01-23 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1375272
                    [AuthorName] => Jasper Emmanuel Arcalas
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/22/dof_2025-01-22_18-58-13796_thumbnail.jpg
                )

            [4] => Array
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                    [ArticleID] => 2414705
                    [Title] => DBP raises P11 billion from bond offering
                    [Summary] => The Development Bank of the Philippines  has successfully raised P11 billion through a dual bond offering to support the anticipated increase in lending activities this year.
                    [DatePublished] => 2025-01-17 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805144
                    [AuthorName] => Catherine Talavera
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/16/dbp_2025-01-16_19-13-52491_thumbnail.jpg
                )

            [5] => Array
                (
                    [ArticleID] => 2414716
                    [Title] => LGUs’ national tax share rises to 35% next year – Recto
                    [Summary] => Local government units  would be getting 35 percent of the national taxes beginning next year as earmarking of the incremental increases in state revenues is set to expire, the Department of Finance said.
                    [DatePublished] => 2025-01-17 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1375272
                    [AuthorName] => Jasper Emmanuel Arcalas
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/16/a_2025-01-16_19-40-50470_thumbnail.jpg
                )

            [6] => Array
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                    [ArticleID] => 2413699
                    [Title] => Determination of tax allotment shares for LGUs clarified
                    [Summary] => The Department of Finance has reaffirmed its commitment to transparency and strict compliance with the Supreme Court (SC) decision and relevant laws in determining the National Tax Allotment shares for local government units
                    [DatePublished] => 2025-01-12 14:39:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Nation
                    [SectionUrl] => nation
                    [URL] => https://media.philstar.com/photos/2025/01/12/philstar-nation_2025-01-12_14-44-30797_thumbnail.jpg
                )

            [7] => Array
                (
                    [ArticleID] => 2411405
                    [Title] => DOF lauds state-run banks for strong financial standing
                    [Summary] => The Department of Finance has commended the Land Bank of the Philippines and the Development Bank of the Philippines  for maintaining robust financial positions, despite their contributions to the Maharlika Investment Fund.
                    [DatePublished] => 2025-01-03 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/01/02/ralph_2025-01-02_18-56-16284_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2409801
                    [Title] => Slower fiscal consolidation seen as government vows no new taxes
                    [Summary] =>  The start of 2024 confirmed a longstanding rumor of a significant change at the Department of Finance: a new secretary was coming.
                    [DatePublished] => 2024-12-26 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1475310
                    [AuthorName] => Louise Maureen Simeon
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/12/25/tax_2024-12-25_17-42-56949_thumbnail.jpg
                )

            [9] => Array
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                    [ArticleID] => 2409006
                    [Title] => DTI, DOF release interim rules on CREATE MORE
                    [Summary] => The Department of Trade and Industry and the Department of Finance have issued interim rules to enable investment promotion agencies to register projects and offer incentives under the CREATE MORE Act, while waiting for the law’s implementing rules and regulations.
                    [DatePublished] => 2024-12-22 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1473425
                    [AuthorName] => Louella Desiderio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/12/21/14_2024-12-21_20-17-02739_thumbnail.jpg
                )

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)

abtest