The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
The Department of Finance (DOF) said the local jobs market has continued to improve, citing positive figures from the Philippine Statistics Authority’s (PSA) June 2022 Labor Force Survey results. In a statement Tuesday, Aug. 9, Finance Secretary Benjamin E. Diokno said that while the June...
The Japanese government has vowed continued support to the Philippine government’s infrastructure push under the Marcos administration, the Department of Finance (DOF) said Friday, Aug. 5. Finance Secretary Benjamin E. Diokno said that Japanese Ambassador to the Philippines Kazuhiko Koshikawa...
Dominion Holdings, Inc. (formerly BDO Leasing & Finance, Inc. or BLFI) reported a net income of P3.7 million for the first six months of 2022 compared to the P29.1 million earned in the same period last year. In a statement, parent company BDO Unibank said “This was largely due to lower...
The International Finance Corp. (IFC) said it will assist the Communication and Renewable Energy Infrastructure (CREI) Phils Inc. in funding the construction of shared telecommunications towers across the country. Jean-Marc Arbogast, IFC Philippines country manager, said on Thursday, Aug. 4, that...
The Department of Finance (DOF) assured on Wednesday, Aug. 3, that the Marcos administration would create an enabling environment for mining activities to flourish in the country. At the listing of Philex Mining Corp.’s (Philex) common shares in the Philippine Stock Exchange (PSE), Finance...
President Marcos’ chief economic manager said that domestic consumer spending, especially by the emerging workforce population of Gen Z, would remain the leading contributor to economic growth. In a statement, Finance Secretary Benjamin E. Diokno said Wednesday, Aug. 3, that the young...
The Department of Finance-Bureau of Local Government Finance (DOF-BLGF) cited Parañaque as the sixth richest city nationwide in terms of locally sourced revenues (LSR) during the fiscal year 2021. BLGF executive director Niño Raymond Alvina said Parañaque earned P6.2 billion in local revenue...
Quezon City, Makati, Manila, Cainta, Limay and Carmona emerged as the top cities and municipalities in the Philippines with the highest locally sourced revenues (LSRs) in 2021. The Department of Finance’s Bureau of Local Government Finance (BLGF) revealed the country’s top performing provinces,...
The Muntinlupa City government took eighth place among cities in the Philippines in collection efficiency of local revenues in 2021. The Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF) announced the top performing provinces, cities, and municipalities based on...
The Department of Finance (DOF) ordered the Bureau of Internal Revenue (BIR) to fast-track its digitalization program to enable the government exceeds its revenue targets. Speaking at the BIR anniversary celebration, Finance Secretary Benjamin E. Diokno said the bureau, which contributes about...
The Department of Finance (DOF) stressed the critical role of a robust agriculture industry in growing the economy at a sustainable and inclusive pace and supporting poverty alleviation in the long term. In a statement on Tuesday, Aug. 2, Finance Secretary Benjamin E. Diokno said a more vibrant,...
