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Bernadette D. Nicolas

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Bernadette D. Nicolas currently covers the Department of Finance (DOF), its attached agencies and government corporations and financial institutions. She used to cover Malacañang, the Consultative Committee tasked to review 1987 Constitution, Department of Budget and Management and the Philippine Competition Commission. She worked with a multiplatform media group before transferring to the BusinessMirror in February 2018. She earned her Journalism degree at University of Santo Tomas in 2014.
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DBM report bares P505-billion spending to fund fight against Covid-19

The Department of Budget and Management (DBM) has so far released P505.17 billion to fund the government’s fight against the Covid-19 pandemic. Based on DBM’s latest summary of Covid-19 releases as of December 29 last year, the amount already included a combined total of...

Customs eyes more cash from importers

THE Bureau of Customs (BOC) announced it expects to collect an additional P11.9 billion from importers through its post-clearance audits in 2019. In a statement on Thursday, the BOC said letters have been issued to importers the agency suspects to have violated the provisions...

Costlier food merits DA’s strategy tweaks–DOF

THE Department of Finance is urging the Department of Agriculture (DA) to “restrategize” its food programs and to roll out a “stronger” program against African Swine Fever (ASF) following the uptick in the country’s inflation rate in December. Finance Undersecretary and Chief Economist Gil...

Customs seizes nearly P11B in smuggled goods in 2020

THE Bureau of Customs (BOC) seized P10.629-billion worth of smuggled goods in 2020, with cigarettes accounting for more than half of its total haul. In terms of the estimated value of smuggled goods that the BOC seized from January to December last year, cigarettes...

Covid response jacks up spending to P4.2 trillion

TOTAL government spending went up by 11 percent to P4.206 trillion last year as the state was forced to allot more money to cushion the impact of the Covid-19 pandemic. Citing preliminary figures from the Bureau of the Treasury (BTr), Finance Secretary Carlos G....

DOF: P62.5 billion in loans ‘lined up’ for purchase of vaccine

THE Department of Finance (DOF) said the government has “lined up” P62.5 billion in loans from three multilateral development banks for the procurement of Covid-19 vaccines. Finance Secretary Carlos G. Dominguez III on Tuesday gave the assurance that the DOF has secured the funding...

‘RTL helped PHL achieve record rice output’

Rice production went up to its highest ever partly because of rice tariffication, Finance Secretary Carlos G. Dominguez III said. During the 72nd Inaugural Meeting of the Management Association of the Philippines on Tuesday, Dominguez said this proves that opening up economy challenges the...

BIR 2020 excise tax take down 7.4% from 2019, but still above target

EXCISE tax collections by the Bureau of Internal Revenue (BIR) dropped to P293.7 billion last year as the economy suffered from Covid-19 induced lockdowns. Based on the separate data obtained by the BusinessMirror, this was a 7.44-percent drop from P317.3 billion it collected in...
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