Consumers may get some relief soon from higher prices as the Department of Finance (DOF) has seen signs inflation may have peaked in July on the back of decelerating global crude prices. In a statement on Wednesday, Aug. 17, Finance Secretary Benjamin E. Diokno said the country could have reached...
The Department of Finance (DOF) said the Marcos administration would push for a new mining fiscal regime to increase public tax revenues and promote transparency. During a Senate hearing on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said that the proposal rationalization of the mining...
The Department of Finance (DOF) wants to amend the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law to lure private investments to Public-Private Partnerships (PPP). In a statement on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said the DOF is planning to...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
The Department of Finance (DOF) said the local jobs market has continued to improve, citing positive figures from the Philippine Statistics Authority’s (PSA) June 2022 Labor Force Survey results. In a statement Tuesday, Aug. 9, Finance Secretary Benjamin E. Diokno said that while the June...
The Japanese government has vowed continued support to the Philippine government’s infrastructure push under the Marcos administration, the Department of Finance (DOF) said Friday, Aug. 5. Finance Secretary Benjamin E. Diokno said that Japanese Ambassador to the Philippines Kazuhiko Koshikawa...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
President Marcos’ chief economic manager said that domestic consumer spending, especially by the emerging workforce population of Gen Z, would remain the leading contributor to economic growth. In a statement, Finance Secretary Benjamin E. Diokno said Wednesday, Aug. 3, that the young...
The Department of Finance (DOF) ordered the Bureau of Internal Revenue (BIR) to fast-track its digitalization program to enable the government exceeds its revenue targets. Speaking at the BIR anniversary celebration, Finance Secretary Benjamin E. Diokno said the bureau, which contributes about...
The Department of Finance (DOF) stressed the critical role of a robust agriculture industry in growing the economy at a sustainable and inclusive pace and supporting poverty alleviation in the long term. In a statement on Tuesday, Aug. 2, Finance Secretary Benjamin E. Diokno said a more vibrant,...
