CAPITAL MARKET DEVELOPMENT THRU NHMFC’S SECURITIZATION PROGRAM. Key officials and Alternate Board of Directors of the National Home Mortgage Finance Corporation (NHMFC) paid a courtesy visit to the newly appointed Bangko Sentral ng Pilipinas Governor Eli Remolona. NHMFC is the sole...
*By Goddes Hope O. Libiran* There's a popular stereotype that finance and economic experts are stiff and inaccessible when it comes to discussing even the basics of why and how the Philippine economy is either in a slump or stepping up. But not Secretary of Finance Benjamin Diokno, whose stellar...
The Department of Finance-Technical Working Group (DOF-TWG) has recommended to exempt from VAT payments local purchases of goods and services by registered business enterprises (RBEs) for their direct and exclusive use, except for six services identified under a planned negative list. In a draft...
The government's sin tax revenues deteriorated last year after levies collected from alcohol and tobacco products fell short of target, data from the Bureau of Internal Revenue (BIR). Based on the BIR document submitted to the Department of Finance, the government’s main tax agency collected...
WASHINGTON, United States (AFP) -- The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability....
The government should now focus on addressing supply constraints that caused high inflation, as President Marcos’ chief economic manager pointed out that monetary policy has already done enough to reign in demand. Finance Secretary Benjamin E. Diokno said that slower inflation recorded in March...
Finance Secretary Benjamin E. Diokno believes that it is very likely that inflation already peaked last January given the latest consumer price growth forecast of the Bangko Sentral ng Pilipinas (BSP). In a briefing on Tuesday, April 4, Diokno said the central bank’s forecast range of 7.4 percent...
Professor Clarita Carlos couldn't help but express frustration on Monday, April 3 over the huge disparity in pay between the country’s "finance officials" and health workers. In a Facebook post, the former national security adviser said: "That reportedly, some finance officials earn P42M p.a. (per...
The United Kingdom (UK) government launched its British Investment Partnerships (BIP) to finance sustainable development in the Philippines, the Department of Finance (DOF) said. “Today’s event is a major win not only in the Philippines’ development journey, but in the realm of development...
Land Bank of the Philippines is poised to overtake the Sy-led BDO Unibank Inc. as the country’s largest bank after President Marcos approved the proposed merger of the two state-owner lenders. Finance Secretary Benjamin E. Diokno said the government will merge the Development Bank of the...
Finance Secretary Benjamin Diokno is addressing what he described as “the elephant in the room”, referring to the much-needed reforms in the military and uniformed personnel (MUP) pension scheme, which is taxpayer-supported and receives no contribution from the retirees themselves. During a...
A pause in interest rate hikes is likely in the policy meeting of the Bangko Sentral ng Pilipinas (BSP) in May, the Department of Finance (DOF) said. "The BSP has done enough, in my view,” Finance Secretary Benjamin E. Diokno told reporters after the central bank raised its benchmark interest rate...
