Over P541 million will be allotted for climate adaptation projects to local government unit (LGU) beneficiaries, the Department of Finance (DOF) said. This as President Ferdinand R. Marcos, Jr. approved the People’s Survival Fund (PSF) Resolutions. The PSF had an initial capitalization of P1...
The Department of Finance (DOF) said that S&P Global Ratings' affirmation of the Philippines' investment grade credit rating signifies a vote of confidence. In a statement on Wednesday, Nov. 29, Finance Secretary Benjamin E. Diokno said that S&P Global's favorable decision follows a series...
The country's ranking as second best in trade facilitation among its Southeast Asian peers was the fruit of the Bureau of Customs’ (BOC) progress in modernizing customs administration and enhancing trade facilitation, Department of Finance Secretary Benjamin E. Diokno said. Based on the 2023...
The government must establish a conducive policy environment for sustainable finance, which in turn will synergize public and private sector investments, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said during the Climate Investment Forum 2023 that sustainable finance...
The Department of Finance (DOF) said it is premature for the Philippines to consider implementing the minimum tax rate on corporate income, as proposed by advanced economies. Finance Secretary Benjamin E. Diokno said on Tuesday, Nov. 28, that the 15 percent global corporate minimum tax, proposed by...
The Department of Finance (DOF) said the government’s first-ever sukuk bond offering will be settled by the middle of December this year. In a briefing on Tuesday, Nov. 28, Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury has just announced the sukuk bond issuance, noting that...
The Department of Finance (DOF) is optimistic that the government will be able to exceed its full-year revenue target by generating around P1 trillion in the final three months of the year. Finance Secretary Benjamin E. Diokno said he expects the national government's total revenue collection for...
The Department of Finance (DOF) has stated that the Philippine economy's macroeconomic fundamentals are strong, setting the stage for a solid start to 2024. Finance Secretary Benjamin E. Diokno said the country has maintained strong economic performance this year, despite facing difficulties in the...
The training of teachers for the MATATAG K to 10 curriculum has received an allocation of P1.5 billion, which the Senate Committee on Finance accepted upon the recommendation of Senator Sherwin Gatchalian. (Photo from the Office of Senator Sherwin Gatchalian) Under the Senate finance panel’s...
The Philippines has been formally inducted into the Board of Vulnerable 20 Group of Finance Ministers (V20) - Group of Seven (G7) Global Shield Against Climate Risks, marking a pivotal step towards bolstering the nation's resilience against climate-related challenges. The Department of Finance...
The Department of Finance (DOF) has announced its readiness to expedite local government units' (LGUs) access to climate financing through efficient resource mobilization and increased private sector participation. In a statement, Finance Secretary Benjamin E. Diokno expressed the readiness of the...
President Marcos’ chief economic manager has expressed “full confidence” that the Philippine economy remains firmly on the path to recovery and progress despite growing below target. Finance Secretary Benjamin E. Diokno said the country’s first three-quarter gross domestic product (GDP)...
