The government will continue to attract job-generating investments as the unemployment rate shrunk to 4.8 percent in July, the Department of Finance (DOF) said. In a statement, Finance Secretary Benjamin E. Diokno said the government will maintain a sound macroeconomic environment and pursue...
The Department of Finance (DOF) said the Social Security System (SSS) initiatives effectively addressed the digitalization gap for disadvantaged members, particularly those in the informal sector like self-employed individuals who typically have limited access to its services. During the SSS’...
Malacañang has confirmed that it terminated the appointment of Finance Undersecretary Cielo Magno, saying it was "expected" as she "clearly did not support the administration and its programs." Finance Undersecretary Cielo Magno (Photo courtesy of UP School of Economics) Executive Secretary...
The Senate Committee on Finance has approved the proposed budgets of the National Intelligence Coordinating Agency (NICA) and the National Security Agency for next year. NICA has a proposed budget of P1.432-billion under the National Expenditure Program (NEP) for 2024, higher than its...
The Securities and Exchange Commission (SEC) has successfully pursued the conviction of six individuals involved in an investment scam operated by GDM Finance SARL, marking the 22nd conviction for violations of the country’s securities law. In a joint decision dated April 17 but transmitted...
Sen. Raffy Tulfo said on Wednesday, Sept. 6 that he supports the idea of increasing the confidential funds of the Commission on Human Rights (CHR), stating that P1 million is not enough for the agency. Sen. Raffy T. Tulfo speaks with the Commission on Human Rights (CHR) during the hearing of the...
The joint Senate Committees on Agriculture, Food and Agrarian Reform, Justice and Human Rights, Finance, Ways and Means has approved a bill that would define the crimes of agricultural smuggling, hoarding, profiteering, and cartel as economic sabotage. Once enacted into law, the said bill would...
Senator Risa Hontiveros on Wednesday, September 6, criticized Finance Secretary Benjamin Diokno’s for pushing for a national competitive examination among students who wish to qualify for college tuition subsidy instead of supporting the Universal Access to Quality Tertiary...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
The Department of Finance (DOF) warned that keeping rice prices artificially low for a long time could have negative effects. Finance Secretary Benjamin E. Diokno said implementing price ceilings on rice could help control rising prices in the short term, but such intervention should only be...
Finance Secretary Benjamin E. Diokno's recent statement regarding the need to review the Universal Access to Quality Tertiary Education (UAQTE) gained mixed reactions from lawmakers. Sen. Juan Edgardo "Sonny" Angara believes that the review should be made from the perspective of making richer...
The Senate Committee on Finance on Monday, September 4 approved the proposed P2.3-billion budget of the Office of the Vice President for 2024, including its controversial P500-million proposed allocation for confidential and intelligence funds. Vice President Sara Duterte attends the Senate...
