The Marcos administration will continue pursuing a whole-of-nation approach in mitigating climate risks, committing the Philippines to be at the forefront of global climate action, the Department of Finance (DOF) said. At a recent G20 high-level breakfast discussion on climate change mitigation,...
The Bangko Sentral ng Pilipinas (BSP) has authorized the government to borrow $3.54 billion from foreign creditors in the second quarter of this year. The new approved public sector foreign borrowing is 26 percent higher than the $2.80 billion borrowing in the second quarter last year. But it is 26...
Beijing-led Export-Import Bank of China (CEXIM) indicated higher returns to bankroll the Duterte administration’s three big-ticket railways projects, former Finance Secretary Carlos G. Dominguez III said. Dominguez, who served as former President Duterte’s chief economic manager, explained that...
The Department of Finance (DOF) assured that the Philippines is fully prepared to address challenges posed by financial stability risks and inflationary pressures that threaten the economic recovery. Finance Secretary Benjamin E. Diokno said on Friday, July 15, that the country has comprehensive...
The Department of Finance (DOF) would not throw in the towel yet on hope that Beijing could still fund the three big-ticket railway projects that were initiated by the Duterte administration. Amid reports that the Chinese loan applications for the Bicol, Subic-Clark, and Mindanao railway projects...
BALI, Indonesia - Group of 20 finance ministers and central bank chiefs from top economies met in Indonesia Friday for talks on the fallout from Russia's invasion of Ukraine, with the host warning them failure to tackle energy and food crises would be catastrophic. IndonesiaÂ’s Finance Minister...
The Philippines continued to be faring well despite higher debt ratio, as the Department of Finance (DOF) explained that the nation’s economic fundamentals should be considered in determining credit risk. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the government’s...
President Marcos’ chief economic manager said the Philippine economy would continue its robust expansion pace this year despite a rising interest rate environment. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the economy, as measured by the gross domestic product (GDP),...
The Department of Finance (DOF) is not amenable to the proposal in Congress seeking to cap the individual income tax rate and raise the tax exemption ceiling on earnings. Finance Secretary Benjamin E. Diokno said on Wednesday, July 13, that the bill filed in the House of Representatives...
The Department of Finance (DOF) has approved the reshuffle of several regional district collectors of the Bureau of Internal Revenue (BIR), the government’s main tax agency. Finance Secretary Benjamin E. Diokno’s approval follows BIR Commissioner Lilia C. Guillermo’s order that relieved six...
Finance Secretary Benjamin E. Diokno has committed to pursue the passage of the remaining tax reform packages that were left behind by the Duterte administration involving real property valuation and financial taxation. Once in the 19th Congress opens, Diokno said the Marcos administration would...
The Marcos administration vowed to raise the domestic farm output while maintaining the government’s rice import policy to better manage consumer prices, the Department of Fiannce (DOF) said. In a statement, Finance Secretary Benjamin E. Diokno said the national government would closely...
