The Philippines has bagged an international award for developing environmental financial products in Japan, the Department of Foreign Affairs (DFA) announced. Ambassador Mylene Garcia-Albano receives the International Award at the 8th Sustainable Finance Awards. Joining here were (from left to...
The Department of Finance (DOF) raised the country’s need to establish strategic cooperation, resilient supply chains, and solid digital infrastructure among its regional peers in the Indo-Pacific to boost growth. During the recent Indo-Pacific Business Forum, Finance Secretary Benjamin E. Diokno...
The Department of Finance (DOF) announced that Manila and Beijing have signed four individual loan agreements, with an aggregate amount of $201.8 million, bringing the cumulative loan commitments with China for ongoing infrastructure projects in the Philippines at $1.06 billion. The loan agreements...
The Department of Finance (DOF) said the government can now better manage the skyrocketing consumer prices following President Marcos’ order extending the reduced import duties on key commodities. In a statement, Finance Secretary Benjamin E. Diokno welcomed the extension of the low Most Favoured...
As the world teeters on the brink of another recession, the Department of Finance (DOF) assured that the Philippine would weather the looming sharp contraction in global economic output next year. Finance Secretary Benjamin E. Diokno said the Philippines has the adequate buffers against external...
The chief economic manager of President Ferdinand R. Marcos Jr. lauded Congress for the early passage of the 2023 national budget as it plays a critical role in fueling optimism over next year’s growth prospects. Finance Secretary Benjamin E. Diokno said the swift enactment of the 2023 General...
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...
The Securities and Exchange Commission (SEC) has has filed criminal complaint against Suncash Lending Investors Corp., UCash Lending Investors Corp., Suncredit.ph Finance Corp., and ECredit Finance Inc. for operating unregistered online lending platforms (OLPs). The SEC Enforcement and Investor...
The Department of Finance (DOF) underscored the importance of public access to local government financial data in monitoring and improving the performance of local government units (LGUs). Finance Undersecretary Cielo Magno said timely, pertinent, consistent, and openly accessible data on LGU...
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...
