Finance Secretary Benjamin E. Diokno is calling for changes in the financing models of multilateral development banks (MDBs) to tackle global challenges. During the Intergovernmental Group of 24 (G-24) Ministerial Meeting in Marrakech, Morocco, Diokno said the lending capacity of MDBs has been...
The Department of Finance (DOF) said the local labor market remains strong and resilient despite global uncertainties. Finance Secretary Benjamin E. Diokno said the latest jobs data revealed positive trends, with unemployment decreasing to 4.4 percent in August from 5.3 percent the previous year...
Representatives of the Philippine government discussed with South Korea on ways to enhance the country’s business pursuit, specifically in trade, investments, tax policies and administration, customs, and licensing. Finance Secretary Benjamin E. Diokno shared Manila’s improvement on the...
The Department of Finance (DOF) said the Marcos administration is fully committed to implementing the necessary policy measures and programs to tackle the surge in consumer prices. In a statement, Finance Secretary Benjamin E. Diokno said that with the consumer price rate reaching a significant 6.1...
Department of Finance (DOF) Secretary Benjamin Diokno said on Monday, Oct. 2, that the Maharlika Investment Corp. (MIC) could be off and running in the first quarter of 2024. Department of Finance Sec. Benjamin E. Diokno presents the department's proposed consolidated budget of P32.4 billion for...
EMBARGOED UNTIL MONDAY, OCT. 2 12:00AM The Department of Finance (DOF) said the Marcos administration will review the enforcement of rice price ceilings this week, taking into account the start of the harvest season to determine if the price controls should be lifted. Finance Secretary Benjamin E....
The Department of Finance (DOF) underscored the need for Multilateral Development Banks (MDBs) to provide innovative financing solutions to support physical and digital connectivity projects. At the 2023 Asian Infrastructure Investment Bank (AIIB) Annual Meeting in Sharm El Sheikh, Egypt, Finance...
Sen. Imee Marcos joined protesters on Tuesday, Sept. 26 in front of the Department of Finance (DOF) office calling for the removal of National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan and Finance Secretary Benjamin Diokno. Sen. Imee Marcos joins protesters in...
The Department of Finance (DOF) has called upon international financial institutions to bolster their response capabilities and undertake comprehensive reforms amid the global economic recovery. Finance Secretary Benjamin E. Diokno said the combined impact of the pandemic, its aftermath, and the...
The Department of Finance (DOF) said the national government is planning to borrow at least $2 billion in the final three months of the year from both domestic and foreign investors. Finance Secretary Benjamin E. Diokno said the government will launch its latest retail dollar bond this week and...
The Department of Finance (DOF) reported an increase in the national government's budget deficit in August due to higher expenditures and a decline in revenue collections. During the month, the Marcos administration’s fiscal deficit amounted to P133 billion, a substantial 85 percent surge...
The Department of Finance (DOF) expressed its support for the inclusion of two proposed measures aimed at imposing taxes on single-use plastics and rationalizing the mining fiscal regime. Finance Secretary Benjamin E. Diokno said the DOF endorses the recent advancements made by the...
