The Department of Finance (DOF) has secured a standby fund from the World Bank that the Philippines can readily utilize during emergency or crisis situations. In a statement on Monday, April 22, the DOF announced that the signing of the Rapid Response Option (RRO) agreement with the World Bank...
The Department of Finance (DOF) said that the World Bank Group (WBG) will assemble a team to assist the Philippines in enhancing its digital infrastructure, specifically its tax system. In a statement on Saturday, April 20, the DOF said that WBG President Ajay Banga expressed support for the...
President Marcos' chief economic manager warned that developing countries, including the Philippines, are at risk of falling even further behind as global economic growth is projected to decline for the third consecutive year. Finance Secretary Ralph G. Recto said that developing nations have...
The Philippines has received backing from the World Bank Group (WBG) for the government's digitalization initiative aimed at improving tax administration and other critical sectors, a Cabinet official said. Finance Secretary Ralph G. Recto said that the WBG has shown strong support for...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Here's a bold suggestion to President Marcos on the heels of his triumphant participation in the trilateral summit with United States (US) President Joe Biden and Japan Prime...
Two Washington-based international strategic advisory firms have indicated their readiness to support the Maharlika Investment Fund (MIF) in attracting investments and to assist the Philippines' digitalization efforts for revenue generation. In a meeting with Finance Secretary Ralph...
The Philippines may attain a single-digit poverty rate sooner than the target set by the Marcos administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Ralph G. Recto said the country might reach a poverty rate of 9.3 percent by 2026, two years earlier than the...
Department of Finance (DOF) Secretary Ralph Recto (Senate PRIB) Surigao del Sur 2nd district Rep. Johnny Pimentel has urged the Department of Finance (DOF) Secretary Ralph Recto to visit Japan and seek funding for the long-delayed Mindanao Railway...
The Department of Finance (DOF) and the Securities and Exchange Commission (SEC) are discussing a plan to come out with clear guidelines governing the registration and trading of cryptocurrencies in the Philippines. In an interview after the induction of the officers of the Economic Journalists...
The Department of Finance (DOF) announced that the Clark Development Corp. (CDC) significantly increased its cash dividends to the government coffers for last year. On Monday, March 25, Finance Secretary Ralph G. Recto received a P1.8 billion check from CDC, reflecting the firm's dividend...
The Department of Finance (DOF) said the Public-Private Partnership (PPP) Code is poised to usher in a steady stream of strategic and high-quality investments that will bring benefits to all Filipinos. Finance Secretary Ralph G. Recto said the timely release of the PPP Code's implementing...
Finance Secretary Ralph G. Recto said that the inflation rate would increase in March but would not exceed the three percent to four percent target band amid higher interest rates. “We're expecting that, it will be a bumpy road. Now, if that will happen then I think the interest rates will be...
