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...
The Department of Finance (DOF) wants to further foster the government’s revenue collection from extractive industries, which the Marcos administration believes to be one of the drivers of the country’s long-term economic expansion. At the FORGE PH: Philippine Extractive Industries Transparency...
The Department of Finance (DOF) assured that the Japan-backed infrastructure projects left behind by the Duterte administration will proceed as planned. , The DOF assurance comes after President Marcos' economic managers met with their Japanese counterparts at the13th Philippines-Japan High-Level...
Addressing high inflation is the top priority of President Marcos’ economic team, the Department of Finance (DOF) said after consumer prices further accelerated in October to almost 14-year high. Finance Secretary Benjamin E. Diokno admitted that the stubbornly high consumer prices remain on the...
The Department of Finance (DOF) expects more investments will still enter the Philippines despite the negative outlook on the country’s credit ratings. In a statement, Finance Secretary Benjamin E. Diokno said he remains optimistic about the country’s attractiveness to investors, saying Fitch...
The Department of Finance (DOF) said the government will strengthen the development of the housing and real estate sectors in the country through fiscal policy reforms. Finance Secretary Benjamin E. Diokno said that measures aimed at strengthening the pillars of support for the growth of the local...
The Department of Finance (DOF) challenged local government units (LGUs) to keep up with their target to digitalize government processes and services. “We are challenging LGUs to keep up and digitalize their own processes and services. encourage our local governments to implement digital...
The Department of Finance (DOF) urged local government units (LGUs) to strengthen their revenue mobilization capacities through real property tax collections in order to support the country’s economic resurgence. During the Bureau of Local Government Finance (BLGF) anniversary seminar on Tuesday,...
The Bureau of Internal Revenue (BIR) will look into the tax compliance of Filipino celebrities that were among the highest-earning personalities on Instagram. Finance Secretary Benjamin E. Diokno said the tax authorities have eyes set on the so-called Instagram Rich List 2022 compiled by...
The government is committed to boost the growth of the Information Technology and Business Process Management (IT-BPM) industry, the Department of Finance (DOF) said. At the recent Contact Center Association conference, Finance Secretary Benjamin E. Diokno said the government will build an enabling...
Malacañang is not calling the shots on monetary policy, the Department of Finance (DOF) said as it defended the independence of the Bangko Sentral ng Pilipinas from politics. Finance Secretary Benjamin E. Diokno said the Bangko Sentral ng Pilipinas (BSP) will continue to preserve its independence...
Digitalization lures more taxpayers, efficiency—Diokno By Chino S. Leyco The government’s two main tax agencies’ transition to digital payment systems has increased the number of taxpayers and improved their tax administration efficiency, the Department of Finance (DOF) said. Finance...
