The Department of Finance (DOF) expressed its support for the inclusion of two proposed measures aimed at imposing taxes on single-use plastics and rationalizing the mining fiscal regime. Finance Secretary Benjamin E. Diokno said the DOF endorses the recent advancements made by the...
The Department of Finance (DOF) called on thrift banks to ramp up their digital transformation initiatives. Finance Secretary Benjamin E. Diokno said the administration recognizes the role digital technologies play in unlocking economic potential, productivity, and competitiveness in the 21st...
The Department of Finance (DOF) has welcomed the recent progress in consolidating legal frameworks for public-private partnership (PPP) projects. In a statement, Finance Secretary Benjamin E. Diokno said the enactment of Senate Bill No. 2233, also known as the PPP Act, would facilitate trade,...
The Department of Finance (DOF) has highlighted the significant contribution of real estate investment trusts (REITs) to the country's economic recovery and infrastructure modernization. Finance Secretary Benjamin E. Diokno said that REIT investments are playing a vital role in fueling property...
The Department of Finance (DOF) slammed the proposed removal of fuel taxes, labeling it as an ill-advised and populist measure that would disproportionately burden the poor. Finance Secretary Benjamin E. Diokno cautioned against the politicians' popular yet detrimental plan to remove value-added...
The Department of Finance (DOF) has assured that the Marcos administration will carefully balance the interests of consumers and farmers on the proposed reduction in rice import tariffs. Finance Secretary Benjamin E. Diokno said discussions are currently underway at the highest level within the...
Finance Secretary Benjamin E. Diokno brushed off the farmers' group's demand for President Marcos' two economic managers to resign, wishing them a delightful weekend instead. Diokno, who was accompanying the president in Singapore, chose not to directly respond to the call for his and...
The Department of Finance (DOF) has reported that the government’s recent changes to its corporate tax system have attracted $16.7 billion in investments. At the Philippine Economic Briefing in Dubai, Finance Secretary Benjamin E. Diokno said these investments include 45 major projects and 740...
The government met with several potential investors in Doha, Qatar to discuss the country’s economic policies and projects. The Philippine economic team, led by Finance Secretary Benjamin E. Diokno held its first investor briefing in the Middle East with Philippine Dialogue: Economic Outlook and...
Finance Secretary Benjamin E. Diokno said the economic managers are standing behind President Marcos' decision to impose rice price ceilings, emphasizing it is a crucial step to fight non-competitive practices and promote a fair market environment. Diokno said the economic team recognized the...
Finance Secretary Benjamin Diokno has issued a call for responsible social media use among government officials and employees, highlighting the potential consequences of hasty online posts. Speaking from his experiences serving in multiple administrations, Diokno emphasized the importance of...
The economic team of President Marcos was caught off guard when the announcement of a price ceiling on rice was made public on Aug. 31, a Cabinet official confirmed. While in Tokyo for meetings with Japanese ministers, Finance Secretary Benjamin E. Diokno disclosed that the economic managers were...
