The Department of Finance (DOF) has emphasized that sustainable finance plays a critical role in driving the country’s shift to climate change adaptation and mitigation practices. At a virtual forum organized by sustainability media and business intelligence-firm Eco-Business, Finance Secretary...
The Department of Finance (DOF) has urged franchisers to digitalize their core business processes to remain viable and competitive amid an unpredictable global business climate. In a statement, Finance Secretary Benjamin E. Diokno said franchisers should lead the charge in transforming the...
Diokno extends IT-BPM's WFH setup By Chino S. Leyco The Department of Finance (DOF) has extended the work-from-home (WFH) arrangement of the Information Technology and Business Process Management (IT-BPM) enterprises until further notice. In a statement on Friday, Sept. 9, Finance Secretary...
The Department of Finance (DOF) said the Marcos administration is committed to establish a more business-friendly environment to encourage foreign investors to do business in the Philippines. During the Philippine Economic Briefing in Singapore, Finance Secretary Benjamin E. Diokno reaffirmed the...
The Marcos administration wants to rejoin the Extractive Industries Transparency Initiative (EITI) months after the previous administration withdrew the country's participation. In a statement, Finance Secretary Benjamin E. Diokno said on Friday, Sep. 9, that President Marcos wants to demonstrate...
Filipino employers said registered business enterprises (RBEs) of the Philippine Economic Zone Authority (PEZA) should follow the law governing the availment of tax incentives amid pronouncement by the IT Business Process Association of the Philippines (IBPAP) that removing tax incentives of PEZA...
The Department of Budget and Management (DBM) should address any leakages in the government’s distribution of Covid-19-related cash assistance programs instead of discontinuing it, Senator Christopher “Bong” Go said on Thursday, Sept. 1. Go said he disagrees with the proposal to discontinue...
The Department of Finance (DOF) sought the support of local chief executives for the passage of critical legislative measures that aim to empower local government units (LGUs) to attain fiscal sustainability. During a gathering of Leyte and Samar mayors, Finance Secretary Benjamin E. Diokno said...
The government should prioritize giving out higher assistance to indigent senior citizens than having another round of cash-aid or “ayuda” for the general public, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said on Monday, Aug. 29, that with the national...
The World Bank Group (WBG) expressed appreciation of former Finance Secretary Carlos G. Dominguez III’s personal commitment and contributions to the “strong partnership” between the Washington-based lender and the Philippines. In an August 22, 2022 letter to the former DOF chief, WBG...
The Department of Finance (DOF) wants the Philippine Amusement and Gaming Corp. (Pagcor) to present a long-term plan on its conflicting roles as a gambling regulator and operator in the country. Finance Secretary Benjamin E. Diokno’s pronouncement came after he told lawmakers during the...
President Marcos’ chief economic manager said he will support the passage of a supplemental budget for next year should there will be a need to further boost the country’s economic growth. At the Development Budget Coordination Committee (DBCC) briefing with the House Appropriations Committee...
