Albay 2nd district Rep. Joey Salceda (Ellson Quismorio/ MANILA BULLETIN) Economist solon Albay 2nd district Rep. Joey Salceda says there's "simple" logic behind the Department of Finance's (DOF) intention to use excess funds of the Philippine...
The Institute of International Finance (IIF) reported the Philippines as a leader in investor relations (IR) practices among emerging markets and developing countries. In the latest 2024 IIF Investor Relations and Debt Transparency Report, the Philippines received a score of 48.8 out of 50,...
Filipinos needing government financial assistance may soon be required to possess a national ID to be eligible for and receive aid. In a joint meeting last Friday, June 28, the Economic Development Group (EDG) and the Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) disclosed...
The Department of Finance (DOF) reported an increase in the national government's budget deficit in May as government spending was much higher compared to the revenue collections. During the month, the Marcos administration’s fiscal deficit amounted to P174.9 billion, representing a substantial...
The Department of Finance (DOF) said that Sumitomo Mitsui Banking Corp. (SMBC) may collaborate with the Marcos administration on its borrowing activities. In a recent Facebook post, the DOF disclosed that Finance Secretary Ralph G. Recto met with SMBC and SMBC Nikko senior executives to explore...
The International Finance Corp. (IFC) has invested $100 million (over P5.8 billion) in City Savings Bank Inc.'s (CitySavings) maiden social bond issuance aimed at bankrolling more consumer loans to women and marginalized sectors in the Philippines. The World Bank Group's private sector arm...
The Department of Finance (DOF) said that the Philippines possesses all the elements of a tiger economy, making the country the most strategic safe haven for investors. Finance Secretary Ralph G. Recto said the Philippines is booming, asserting itself as an economic superstar in Southeast Asia with...
BAKU, Azerbaijan – As existential threats on vulnerable countries are escalating, one of the major action agendas being advanced in this year’s 29th Conference of the Parties (COP29) of the United Nations Framework Convention on Climate Change (UNFCCC) will be operationalization of the...
President Marcos' chief economic manager is confident that the rate of increase in consumer prices would fall within the government's target range this year. During the Philippine Economic Briefing in Tokyo on Friday, June 21, Finance Secretary Ralph G. Recto said that inflation may stabilize at...
The Marcos administration’s economic team encouraged major Japanese companies to strengthen their technology expertise in the country to spur industry development and economic growth. On the sidelines of the Philippine Economic Briefing in Japan, the economic team engaged with top executives of...
Finance Secretary Ralph G. Recto has revamped his team responsible for developing the Marcos administration’s tax reform proposals and fiscal policy recommendations. Finance Assistant Secretary Karlo Fermin Adriano (left) and Finance Undersecretary Renato Reside Jr. (right). Finance...
The International Finance Corp. (IFC) has acquired a stake in fintech company First Circle for $7 million (about P410 million), to help boost lending to small and medium enterprises (SMEs) in the Philippines. A June 15 disclosure showed that the IFC board approved on June 13 its equity investment...
