Finance Secretary Benjamin E. Diokno expects the Philippine economy would grow faster than expected this year due to surging manufacturing and construction sectors, as well as strong domestic demand. In a commentary released on Wednesday, Dec. 28, Diokno said the country’s economy, as measured by...
Individual taxpayers will get income tax breaks next year, providing Filipino consumers additional purchasing power, but would result in billions of foregone government revenues. This is because the second tranche reduction in personal income tax as mandated under the Tax Reform for Acceleration...
Revenue collection is on track to hit the government's full-year target this year driven by the Bureau of Customs’ better than expected performance, data from the Bureau of the Treasury showed. Based on the Treasury report on Tuesday, Dec. 27, total revenues reached P3.277 billion from January to...
Aside from the EU and the US, the Department of Trade and Industry will pursue discussions for bilateral free trade agreements (FTAs) with Latin American countries Chile, Mexico, Brazil, and Argentina to widen the reach of Philippine exports. Trad and Industry Secretary Alfredo E. Pascual told...
The Department of Public Works and Highways (DPWH) reported Monday, Dec. 26, that the widening of the Arterial Bypass Road in Bulacan that links the North Luzon Expressway (NLEX) and the Philippine-Japan friendship Road (Daang Maharlika) is going on swiftly and will likely be finished next year....
The Department of Budget and Management (DBM) said it will use the technology to transform the government’s procurement policies and processes to boost public trust on their government. Budget Secretary Amenah F. Pangandaman said the procurement policies and processes of the government need to...
Passengers arriving at the Ninoy Aquino International Airports (NAIA), who currently use Grab, metered taxis, P2P buses or regular taxis, should have more inter-modal land transfer options, according to Department of Transportation Secretary Jaime Bautista. The transport chief also underscored the...
More than 2,000 Filipinos have accepted the invitation of President Ferdinand "Bongbong" Marcos Jr. to visit Malacañang as he opened the Palace grounds to the public for the Christmas season. Malacañang photo In a Facebook post, the Office of the Press Secretary (OPS) said more and more people...
The Public Financial Management Committee (PFMC) has made significant strides toward achieving the Marcos administration’s socioeconomic goals of bureaucratic efficiency and sound fiscal management. During the recent PFMC meeting, Budget Secretary Amenah F. Pangandaman reiterated their continued...
The private sector should work closely to hasten the adoption of environmentally friendly solutions that will have a positive impact on both catastrophe prevention and climate change, Department of Environment and Natural Resources (DENR) Secretary Antonia Loyzaga said on Thursday, Dec. 22. DENR...
Budget deficit narrowed in November this year despite the government’s double-digit growth in expenditures, the Department of Finance (DOF) announced on Wednesday, Dec. 21. Finance Secretary Benjamin E. Diokno said the national government incurred a P123.9 billion budget deficit last month, down...
The Department of Finance (DOF) said the government remains committed to invest in the digital economy, underscoring the valuable role of technology in finance. In a statement, Finance Secretary Benjamin E. Diokno said the Marcos administration is making foundational investments in the digital...
