The Department of Finance (DOF) said the job quality for Filipinos is steadily improving, with the country's underemployment rate dropping below its pre-pandemic level. In a statement, Finance Secretary Benjamin E. Diokno said the underemployment rate of 10.7 percent recorded in September was the...
Finance Secretary Benjamin E. Diokno is urging the National Power Corp. (NPC) to improve access to electricity in remote communities. During the NPC's 87th Anniversary, Diokno reminded the company of its mission to provide electricity to remote areas and islands in the Philippines and assured them...
Finance Secretary Benjamin E. Diokno believes that borrowing costs in the country have hit a ceiling. On the sidelines of the Retail Dollar Bond 2 listing on the Philippine Dealing and Exchange Board on Monday, Nov. 6, Diokno stated that there is no rationale to warrant a further increase in...
The Department of Finance (DOF) has announced that the Bureau of Internal Revenue (BIR) and the Bureau of Customs will further intensify their administrative measures to collect more taxes and duties. In a statement, Finance Secretary Benjamin E. Diokno said the government's two main tax agencies...
The Department of Finance (DOF) said the sustained positive trend in tax collections and government spending for the remaining months of the year will have a substantial impact on the country's economic activity. On Tuesday, Oct. 31, Finance Secretary Benjamin E. Diokno asserted that there are...
The Department of Finance (DOF) said that strengthening public-private partnerships (PPP) would help finance digital infrastructure projects and ease the government's financial burden. On Thursday, Oct. 26, Finance Secretary Benjamin Diokno presented the strategies of the Philippine government to...
The Department of Finance (DOF) has reported that the application for tax incentives for 45 projects, with a combined investment capital of P721.3 billion, has been approved by the Fiscal Incentives Review Board (FIRB). In a statement on Wednesday, Oct. 25, the DOF said these projects are...
The Department of Finance’s (DOF) threw its support behind the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to harness the Philippines’ potential as a global investment hub. In a statement on Wednesday, Oct. 25, Finance Secretary Benjamin E....
The Department of Finance (DOF) said the People's Survival Fund (PSF) has greenlit about P539 million worth of fresh climate adaptation projects. The DOF said the PSF Board’s newly-approved adaptation projects will be implemented in Mountain Province, the City of Borongan, and the Municipalities...
The Department of Finance (DOF) said the Marcos administration is determined to fuel the country’s growth momentum by building a policy environment that is conducive to sustainable digital finance. In a statement on Thursday, Oct. 19, Finance Secretary Benjamin E. Diokno said the government is...
The Social Security System (SSS) has returned to the Bureau of Treasury (BTr) P5.7 billion unutilized fund for the Small Business Wage Subsidy (SBWS) Program of the Department of Finance (DOF) to help small business employers and employees during the Covid-19 pandemic. In its Peformance Audit...
The Department of Finance (DOF) said the country's growth prospects continue to be robust despite the slowdown experienced in the first half of the year. Depiste global headiwnds, Finance Secretary Benjamin E. Diokno said the government is committed to achieve a gross domestic product (GDP) growth...
