The Department of Finance (DOF) said the significant improvement in the country’s labor market would help soften the impacts of high inflation on the domestic economy. In a statement, Finance Secretary Benjamin E. Diokno said the steady unemployment rate and lower underemployment rate will help...
National Home Mortgage Finance Corporation (NHMFC) has closed its fifth securitization exercise called “BALAI Shelter Compliance ABS” involving total issuance worth around P715.152 million. Securitized is a portion of the socialized housing loan portfolio NHMFC acquired from the Home...
The Department of Finance (DOF) said the national government is looking at selling euro-denominated retail bonds targeted at overseas Filipinos. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury is studying the possible domestic issuance of retail treasury bonds (RTB) in euro...
Brankas, the leading global open finance technology provider, and Element Inc , the privacy-led, modern AI pioneer in digital identity services used to verify a person´s information quickly and seamlessly, today announced a strategic partnership to introduce an additional layer of security to...
Senators on Wednesday, February 1 took turns grilling members of President Ferdinand “Bongbong” Marcos Jr.’s economic team who are pushing hard for the passage of the Maharlika Investment Fund (MIF) bill as they sought for answers about the purpose and vision of the measure which was...
Asialink Finance Corp., one of the Philippines’ fastest-growing finance companies, has partnered with e-commerce giants Lazada and Shopee to give its clients an easier way to make loan payments. Asialink’s partnership with Shopee is powered by ECPay, a leading electronic customer purchase &...
The Philippines has bagged an international award for developing environmental financial products in Japan, the Department of Foreign Affairs (DFA) announced. Ambassador Mylene Garcia-Albano receives the International Award at the 8th Sustainable Finance Awards. Joining here were (from left to...
The Department of Finance (DOF) raised the country’s need to establish strategic cooperation, resilient supply chains, and solid digital infrastructure among its regional peers in the Indo-Pacific to boost growth. During the recent Indo-Pacific Business Forum, Finance Secretary Benjamin E. Diokno...
The Department of Finance (DOF) announced that Manila and Beijing have signed four individual loan agreements, with an aggregate amount of $201.8 million, bringing the cumulative loan commitments with China for ongoing infrastructure projects in the Philippines at $1.06 billion. The loan agreements...
The Department of Finance (DOF) said the government can now better manage the skyrocketing consumer prices following President Marcos’ order extending the reduced import duties on key commodities. In a statement, Finance Secretary Benjamin E. Diokno welcomed the extension of the low Most Favoured...
As the world teeters on the brink of another recession, the Department of Finance (DOF) assured that the Philippine would weather the looming sharp contraction in global economic output next year. Finance Secretary Benjamin E. Diokno said the Philippines has the adequate buffers against external...
The chief economic manager of President Ferdinand R. Marcos Jr. lauded Congress for the early passage of the 2023 national budget as it plays a critical role in fueling optimism over next year’s growth prospects. Finance Secretary Benjamin E. Diokno said the swift enactment of the 2023 General...
