Economic managers vowed full support behind the private sector, as the Department of Finance (DOF) asked investors to trust President Ferdinand R. Marcos Jr.’s government. “As the President said yesterday , the sate of the economy is sound. So, my advice to the private sector is trust your...
BIR told to hit collection target By Chino S. Leyco The new administration expects the Bureau of Internal Revenue (BIR), the government’s main tax agency, to attain its collection target this year despite weaker than expected performance in the six-semester. Finance Secretary Benjamin E. Diokno...
Finance Secretary Benjamin E. Diokno has called for "heightened attention" to the current geopolitical events and post pandemic changes in the international financial system. The chief economic manager manager of President Ferdinand Marcos Jr.'s administration made this call even as he expressed...
The Department of Finance (DOF) has ordered the Securities and Exchange Commission (SEC) to continue its digitalization initiatives in expanding the country’s capital market and to support economic growth. Finance Secretary Benjamin E. Diokno, said on Tuesday, July 19, that his marching order to...
The Marcos administration will continue pursuing a whole-of-nation approach in mitigating climate risks, committing the Philippines to be at the forefront of global climate action, the Department of Finance (DOF) said. At a recent G20 high-level breakfast discussion on climate change mitigation,...
The Department of Finance (DOF) assured that the Philippines is fully prepared to address challenges posed by financial stability risks and inflationary pressures that threaten the economic recovery. Finance Secretary Benjamin E. Diokno said on Friday, July 15, that the country has comprehensive...
The Philippines continued to be faring well despite higher debt ratio, as the Department of Finance (DOF) explained that the nation’s economic fundamentals should be considered in determining credit risk. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the government’s...
President Marcos’ chief economic manager said the Philippine economy would continue its robust expansion pace this year despite a rising interest rate environment. Finance Secretary Benjamin E. Diokno said on Thursday, July 14, that the economy, as measured by the gross domestic product (GDP),...
The Department of Finance (DOF) is not amenable to the proposal in Congress seeking to cap the individual income tax rate and raise the tax exemption ceiling on earnings. Finance Secretary Benjamin E. Diokno said on Wednesday, July 13, that the bill filed in the House of Representatives...
The Department of Finance (DOF) has approved the reshuffle of several regional district collectors of the Bureau of Internal Revenue (BIR), the government’s main tax agency. Finance Secretary Benjamin E. Diokno’s approval follows BIR Commissioner Lilia C. Guillermo’s order that relieved six...
Finance Secretary Benjamin E. Diokno has committed to pursue the passage of the remaining tax reform packages that were left behind by the Duterte administration involving real property valuation and financial taxation. Once in the 19th Congress opens, Diokno said the Marcos administration would...
The Marcos administration vowed to raise the domestic farm output while maintaining the government’s rice import policy to better manage consumer prices, the Department of Fiannce (DOF) said. In a statement, Finance Secretary Benjamin E. Diokno said the national government would closely...
