The Department of Finance (DOF) said the People's Survival Fund (PSF) has greenlit about P539 million worth of fresh climate adaptation projects. The DOF said the PSF Board’s newly-approved adaptation projects will be implemented in Mountain Province, the City of Borongan, and the Municipalities...
The Department of Finance (DOF) has urged Saudi business leaders to consider Islamic banking and finance initiatives in the Philippines, given its favorable regulatory environment. During a roundtable meeting with potential investors in Riyadh, Saudi Arabia, Finance Secretary Benjamin E....
President Marcos’ chief economic manager has assured Saudi business leaders that the Maharlika Investment Fund (MIF) is a safe investment, despite the controversies surrounding it. During a roundtable meeting with potential investors in Riyadh, Saudi Arabia, Finance Secretary Benjamin E....
Finance Secretary Benjamin E. Diokno said that despite the temporary suspension of its implementing rules, the Marcos administration will continue to seek investments from Saudi Arabia for the Maharlika Investment Fund (MIF). Diokno, who is part of President Marcos' official delegation to Riyadh,...
The Department of Finance (DOF) said the Marcos administration is determined to fuel the country’s growth momentum by building a policy environment that is conducive to sustainable digital finance. In a statement on Thursday, Oct. 19, Finance Secretary Benjamin E. Diokno said the government is...
The International Finance Corporation (IFC), which serves as the World Bank Group’s (WBG) private sector investment arm, lauded the Philippines’ new and improved policy framework for public-private partnerships (PPPs). In a meeting with Finance Secretary Benjamin E. Diokno, IFC Regional Vice...
The Social Security System (SSS) has returned to the Bureau of Treasury (BTr) P5.7 billion unutilized fund for the Small Business Wage Subsidy (SBWS) Program of the Department of Finance (DOF) to help small business employers and employees during the Covid-19 pandemic. In its Peformance Audit...
SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation, and RCBC Capital Corporation have successfully arranged and managed a P2-billion private placement of fixed rate notes for Asialink Finance Corporation. In a statement, SB Capital said the...
The Department of Finance (DOF) said the country's growth prospects continue to be robust despite the slowdown experienced in the first half of the year. Depiste global headiwnds, Finance Secretary Benjamin E. Diokno said the government is committed to achieve a gross domestic product (GDP) growth...
Finance Secretary Benjamin E. Diokno admitted that China's economic slowdown would have a minor impact on the Philippines. At the ASEAN Roundtable in Marrakech, Morocco, the government's chief economic manager said that China's economic slowdown would have an impact on Philippine exports. ...
Finance Secretary Benjamin E. Diokno is calling for changes in the financing models of multilateral development banks (MDBs) to tackle global challenges. During the Intergovernmental Group of 24 (G-24) Ministerial Meeting in Marrakech, Morocco, Diokno said the lending capacity of MDBs has been...
Senators on Tuesday, October 10 urged Department of Public Works and Highways (DPWH) Secretary Manuel Bonoan to make a decisive move as they question the agency’s inability to relocate electric posts in the middle of widened roads. Department of Public Works and Highways (DPWH) Sec. Manuel Bonoan...
