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DOF Secretary Carlos Dominguez III MANILA - Department of Finance (DOF) Secretary Carlos Dominguez III said Friday the impressive growth of the insurance industry in 2021 mirrors the efficiency and swift action of the Insurance Commission (IC) in maximizing the use of digital tools and other measures to ensure the resilience of this sector amid the pandemic. On the occasion of its 73rd anniversary, Dominguez thanked the IC led by Commissioner Dennis Funa for this accomplishment as well as for its key role in the audit of government insurance institutions to assist the Department of Finance (DOF) in assessing their strengths and weaknesses. "By effectively discharging its role as regulator, the Commission ensured the protection of the consumers and the reliability of insurance coverage. By ensuring best practices, the credibility of the industry remains very, very high," said Dominguez during the event marking IC's anniversary held at the Philippine International Conventio ....
DOF Secretary Carlos Dominguez III MANILA - The administration of President Rodrigo Duterte is redoubling its efforts to expand the economy at a much faster rate in its remaining quarter to recover the opportunities lost for high and inclusive growth in the two-year pandemic, Department of Finance (DOF) Secretary Carlos Dominguez III said Friday. Armed with the passage and implementation of its hard-won reforms, the Duterte administration "will continue working till the last hour of our mandate to contribute all that we can to our strong economic resurgence," Dominguez in his recorded video message during the first day of the virtual Rotary International District 3870 Conference. "The reward for all the work we do now is a better future for the next generation of Filipinos," he said. Dominguez said conditions for the Philippines' post-pandemic rapid growth have never been better, owing largely to how President Duterte exercised strong political will to push game ....
Finance Secretary Carlos Dominguez III (File photo) MANILA - Finance Secretary Carlos Dominguez III said Thursday investing more in infrastructure, social services and climate action to stimulate growth as the government begins the urgent task of outgrowing its pandemic-induced debt are "doable" with the support of the nation's taxpayers and the sustained strong performance of the Bureau of Internal Revenue (BIR). During the kickoff of the BIR's tax campaign, he underscored the critical role played by taxpayers in helping ensure the country's rapid and sustainable economic recovery. The BIR, meanwhile, should continue making progress in its digital transformation programs, Dominguez said, as he encouraged all taxpayers to make use of electronic channels to file and pay their taxes this year. "To the men and women of the Bureau of Internal Revenue and our most loyal taxpayers, remember that all of you are not just producing revenues. All of you are the shock t ....
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