The Department of Finance (DOF) said the government remains committed to invest in the digital economy, underscoring the valuable role of technology in finance. In a statement, Finance Secretary Benjamin E. Diokno said the Marcos administration is making foundational investments in the digital...
The Department of Finance (DOF) said the government received strong interest among European-based businesses to invest or explore joint ventures in the Philippines. In a statement, Finance Secretary Benjamin E. Diokno said these EU-based companies are engaged in renewable energy generation,...
The Department of Finance (DOF) has requested President Marcos to certify the bill establishing the Maharlika Investment Fund (MIF) as urgent, documents revealed. In a letter dated Dec. 13, 2022 signed by Finance Secretary Benjamin Diokno, the government’s chief economic manager wants to...
Determined to implement the planned sovereign wealth fund, Finance Secretary Benjamin E. Diokno said has identified other sources of financing that will take up the slack following the exit of Government Service Insurance System (GSIS) and Social Security System (SSS) as original funders of the...
The government’s economic managers have urged for the swift passage of the proposed sovereign wealth fund bill, noting it will help usher in the country’s inclusive and sustainable growth. In a joint statement, the Department of Finance (DOF), Department of Budget and Management, National...
The Department of Finance (DOF) and the Global Green Growth Institute (GGGI) sealed the implementation agreement for the Green Climate Fund (GCF) Readiness Program that seeks to speed up climate action through green finance. Finance Secretary Benjamin E. Diokno and GGGI Philippines Country...
Economic indicators point to strong Q4 growth—Diokno By Chino S. Leyco The Department of Finance (DOF) expects strong fourth-quarter growth amid improving jobs market, rising factory output, strengthening peso, and falling global oil prices. Finance Secretary Benjamin E. Diokno said on Thursday,...
The Department of Finance (DOF) expects inflation to remain elevated in the final month of the year due to increased demand from higher economic activity and supply constraints. In a statement, Finance Secretary Benjamin E. Diokno said on Tuesday, Dec. 6, that the average rate of increase in...
The Department of Finance (DOF) expects the proposed sovereign wealth fund will be passed into law within the first semester next year despite oppositions seeking to block its creation. Finance Secretary Benjamin E. Diokno said on Monday, Dec. 5, said the proposed bill creating the Maharlika Wealth...
The Department of Finance (DOF) clarified that the imposition of value-added tax (VAT) on digital transactions only aims to ensure that everybody pays his fair share of taxes. Finance Secretary Benjamin E. Diokno said the proposed VAT on electronic or digital services does not impose new taxes,...
The Department of Finance (DOF) wants the government to end the free rollout of Covid-19 vaccines once shots become commercially available in the country. Finance Secretary Benjamin E. Diokno said the government should deputize the private sector for the procurement and administration of Covid-19...
The economic team of President Marcos will keep the government’s growth target this year despite the higher than expected pace of expansion recorded in the third quarter. Finance Secretary Benjamin E. Diokno said the inter-agency Development Budget Coordination Committee (DBCC) will keep its...
