"Do not covet thy neighbor’s job." Albay 2nd district Rep. Joey Salceda (left) and DOF Secretary Ben Diokno (Facebook) Albay 2nd district Rep. Joey Salceda gave this reaction to House reporters Monday, Nov. 21, regarding the rumors that he could be appointed by Malacañang as the next Department...
The Department of Finance (DOF) said that meeting the government’s economic growth target this year has become more certain, given the sustained recovery of domestic demand and improved labor market conditions. Finance Secretary Benjamin E. Diokno said the government would meet the 6.5 percent to...
The Department of Finance (DOF) said the national government’s budget deficit this year may fall below ceiling due to higher than expected revenue collections of its two main tax agencies. Finance Secretary Benjamin E. Diokno said the fiscal deficit as a share of gross domestic product (GDP)...
The Philippine government has called for the inclusion of the needs and priorities of developing countries in the definition of climate finance as a floor amounting to $100 billion has been committed by developed countries to be mobilized for climate action every year. Through Philippine Ambassador...
Debt-watcher S&P Global maintained the Philippines' investment grade status with stable outlook as it expects the economy to remain robust on the back of strong domestic demand. S&P on Thursday, Nov. 17, kept the country's long-term foreign-currency rating at "BBB+," which is one notch away...
Former Finance chief Carlos Dominguez III has been conferred by Japanese Emperor Naruhito with Japan's distinguished award for local and non-local government officials. Domiguez received on November 9 the Grand Cordon of the Order of the Rising Sun for exercising "outstanding leadership in...
Senate Minority Leader Aquilino “Koko” Pimentel III questioned the proposed 2023 P2.3 billion budget for the Office of the Vice President (OVP) which is three times more than the 2022 budget of the previous administration. Pimentel then sought to have this amount decreased, including the...
The country’s economic recovery is gaining traction with the better than expected growth seen in the third-quarter, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the 7.6 percent gross domestic product (GDP) in July to September reflected the “many good news...
On track to achieving growth assumption of 6.5% to 7.5% for 2022 Finance Secretary, Benjamin Diokno, welcomed the Philippines' third quarter economic performance, which posted a gross domestic product (GDP) growth of 7.6 percent, under President Ferdinand "Bongbong" Marcos, Jr.'s (PBBM)...
The Department of Finance has rejected calls by industry groups to review the revised fiscal incentives tax regime and reportorial requirements for the grant of incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law. Finance Secretary Benjamin E. Diokno, who also...
The Senate has approved the proposed P32.4 billion 2023 budget of the Department of Finance (DOF) and Department of Budget and Management (DBM) along with their attached agencies and state-owned companies. Senator Juan Edgardo M. Angara, chair of the Senate Finance Committee, sponsored and defended...
The Department of Finance (DOF) is optimistic that the rosy domestic labor market would fuel consumer spending that supports the country’s economic recovery from the prolonged-pandemic. In a statement on Wednesday, Nov. 9, Finance Secretary Benjamin E. Diokno said the latest Labor Force Survey...
