The Philippines remains far from stagflation despite high inflation and sluggish economic growth, members of the Marcos Jr. administration’s economic team said, pushing back against Monetary Board Member (MBM) Benjamin E. Diokno’s characterization of the current situation as “stagflation...
The Philippines is set to strengthen marine ecosystem protection and expand sustainable livelihood opportunities through €200 million (approximately ₱14 billion) in financing from French development bank Agence Française de Développement (AFD). Secured by the Department of Finance (DOF), the...
President Marcos’ economic managers will outline their roadmap for navigating global market volatility and domestic pressure at the annual Economic Journalists Association of the Philippines (EJAP) forum on Friday, Aug. 14. Finance Secretary Frederick Go, Bangko Sentral ng Pilipinas (BSP)...
Global technology and infrastructure firm iSON Group is looking to expand its $300 million investment commitment in the country with the addition of new projects in digital healthcare and business process outsourcing (BPO), according to the Department of Finance (DOF). Finance Secretary and...
The French government is extending 200 million euros, or approximately ₱14 billion, in financing to help low-income Filipino families gain better access to nutritious food under a new food security and nutrition program. In an Aug. 11 statement, the Department of Finance (DOF) and France’s...
The Marcos Jr. administration has significantly tweaked its fiscal strategy by delaying major asset disposals from 2026 to 2027, Department of Budget and Management (DBM) documents revealed. According to the latest medium-term revenue projections spanning 2025 through 2029, the bulk of...
Former Philippine Finance Secretary Cesar V. Purisima has been conferred the Order of the Rising Sun, Gold and Silver Star, by Emperor Naruhito of Japan, recognizing his contributions to deepening economic relations between the two nations. Japanese Ambassador Endo Kazuya led the conferment...
The Philippines has secured a $600 million grant (around ₱37 billion) from the United States (US) to expand access to quality healthcare and strengthen the country’s resilience against public health threats. The Department of Finance (DOF) facilitated the non-repayable grant under the Strategic...
President Marcos is moving to abolish 21 state-run companies and has categorized 30 others as non-operational, inactive, or deactivated as the government accelerates efforts to wind down underperforming government entities and trim public spending. Finance Secretary Frederick D. Go said in a DZRH...
Local government units (LGUs) significantly ramped up borrowing in July, with loan requests surging to ₱8.5 billion from ₱904.4 million a year earlier, as newly elected local officials began rolling out big-ticket projects following the 2025 elections. According to data from the Department of...
Net revenue could exceed ₱190 billion over four years if the Philippines implements a package bill that combines the revenue-eroding income tax exemptions with the revenue-offsetting measures proposed this year. Department of Finance (DOF) Undersecretary Karlo Fermin S. Adriano said the agency...
Stricter monitoring and technical assessments of imported goods—rather than higher import volumes—likely drove the Bureau of Customs (BOC) past its ₱82-billion revenue target for July, according to its chief. Speaking to reporters during the turnover of proceeds from forfeited luxury...
