The Department of Finance (DOF) said the significant improvement in the country’s labor market would help soften the impacts of high inflation on the domestic economy. In a statement, Finance Secretary Benjamin E. Diokno said the steady unemployment rate and lower underemployment rate will help...
The Department of Finance (DOF) said the national government is looking at selling euro-denominated retail bonds targeted at overseas Filipinos. Finance Secretary Benjamin E. Diokno said the Bureau of the Treasury is studying the possible domestic issuance of retail treasury bonds (RTB) in euro...
The Bangko Sentral ng Pilipinas (BSP) should implement more "confidence-building measures" on the use of P1,000 polymer bank notes, Surigao del Norte 2nd district Rep. Robert Ace Barbers said Tuesday, Jan. 31. A P1,000 polymer bill. (Ellson Quismorio/ MANILA BULLETIN) Barbers made this call even as...
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...
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...
