SB Finance Inc., a joint venture between Filipino bank Security Bank Corporation and financial institution Krungsri of Thailand, and UBX have entered into a strategic partnership to offer more loan options to Filipinos. In a statement, SB Finance said the collaboration with the leading open...
The Department of Finance (DOF) is calling on local government units (LGUs) to update their real property taxation (RPT) to alleviate financial challenges that hinder their capacity to deliver optimal services to their constituents. In a statement on Wednesday, Dec. 13, Finance Secretary Benjamin...
DUBAI, UAE – Multilateral lending firm Asian Development Bank (ADB) sees biggest potential for carbon emissions reduction with the energy transition mechanism (ETM) being pushed for the retirement or repurposing of coal plants all over the world. “Coal-fired power plants produce more global...
Filipino-led firm Climargy, which is classified as a super energy service company or SUPER-ESCO in the energy efficiency investment terrain, is among the corporates globally that made its pledge for a ramp up on energy efficiency ventures and programs as part of the cornerstone agreements being...
The government's chief economic manager said the Philippines is on the brink of realizing President Marcos' goal of slashing the unemployment rate to a low single digit by the end of his term. In a statement, Finance Secretary Benjamin E. Diokno said that the President's aim to lower the...
DUBAI, UAE – The developed countries of the world are being called upon to double climate adaptation financing to $40 billion a year by 2025, so the goals on emissions reduction set forth at the COP28 can be successfully delivered. As emphasized by United Nations Secretary General Antonio...
The Philippines and the United Nations Development Program (UNDP) are working with Canada to reduce the climate finance gap through nature-based solutions projects funded under a $5.3-billion climate finance commitment, the Presidential Communications Office (PCO) said. Pexels In a statement, the...
The government supports gender-responsive, nature-based solutions to close the climate finance gap, Department of Finance Secretary Benjamin E. Diokno said. “Recognizing this, the Philippines’ Department of Finance actively supports the mainstreaming of gender initiatives in the mobilization of...
Department of Finance (DOF) Secretary Benjamin E. Diokno urged the setting up of a new collective quantified goal (NCGQ) of a minimum $100 billion per year on climate finance to strengthen countries’ climate action. Climate finance is described by the UN as financial resources and instruments...
The Department of Finance (DOF) is hopeful that the government's plan to tackle climate change will improve how the country provides information with organizations that grant funding for climate-related initiatives. Finance Secretary Benjamin E. Diokno said the Philippines’ Nationally Determined...
Finance Secretary Benjamin E. Diokno underscored the necessity of reevaluating mining tax regulations to fairly capture a proportionate share of revenues while also fostering continued investment in the sector. At the 2023 United Nations Climate Change Conference, Diokno emphasized the mining...
House Deputy Speaker and Batangas 6th district Rep. Ralph Recto (Facebook) House Deputy Speaker Batangas 6th district Rep. Ralph Recto says he has "no idea" about his rumored appointment as the next Department of Finance (DOF) secretary. Recto...
