The government is looking at India and Japan for funding the three railways projects formerly funded by China, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said Japan and India are being eyed to support the Subic-Clark Railway, Philippine National Railways (PNR) South...
The new law on the automatic income classification of local government units (LGUs) will help ensure the fiscal sustainability and revenues of local governments, the Department of Finance (DOF) said. Republic Act No. 11964 or the Automatic Income Classification of Local Government Units Act updates...
An agreement of €60 million in funds was signed by the European Union and the Philippines to assist the latter in transitioning towards a sustainable economy. During the Global Gateway Forum in Brussels on Wednesday, Oct. 25, the European Union (EU) and the Philippines signed the financing deal...
Department of Finance (DOF) Secretary Benjamin Diokno said on Monday, Oct. 2, that the Maharlika Investment Corp. (MIC) could be off and running in the first quarter of 2024. Department of Finance Sec. Benjamin E. Diokno presents the department's proposed consolidated budget of P32.4 billion for...
Sen. Imee Marcos joined protesters on Tuesday, Sept. 26 in front of the Department of Finance (DOF) office calling for the removal of National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan and Finance Secretary Benjamin Diokno. Sen. Imee Marcos joins protesters in...
The Department of Finance (DOF) reported that the Marcos administration's overseas roadshows have led to investment pledges exceeding P2 trillion. In a statement, the DOF said the government has secured a total of P2.2 trillion in investment commitments from various countries following the...
Senator Risa Hontiveros on Wednesday, September 6, criticized Finance Secretary Benjamin Diokno’s for pushing for a national competitive examination among students who wish to qualify for college tuition subsidy instead of supporting the Universal Access to Quality Tertiary...
Finance Secretary Benjamin E. Diokno's recent statement regarding the need to review the Universal Access to Quality Tertiary Education (UAQTE) gained mixed reactions from lawmakers. Sen. Juan Edgardo "Sonny" Angara believes that the review should be made from the perspective of making richer...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Facebook) Cagayan de Oro City 2nd district Rep. Rufus Rodriguez wants the Commission on Higher Education (CHEd) as well as state and local universities and colleges to strictly vet students...
DOF Secretary Benjamin Diokno The value-added tax (VAT) being imposed in the Philippines is "under review". Thus, bared Department of Finance (DOF) Secretary Benjamin Diokno before the House Committee on Appropriations Thursday, Aug. 10, on the first day of...
Diamonds (Unsplash) Imposing a luxury tax may not be worth the trouble in the Philippine setting. This can be gleaned from statements made by Department of Finance (DOF) Secretary Benjamin Diokno before the House Committee on Appropriations Thursday, Aug. 10, on...
Kabataan Party-list Rep. Raoul Manuel (left) and DOF Secretary Benjamin Diokno (Screenshots from YouTube) Simply put, Department of Finance (DOF) Secretary Benjamin Diokno thinks that imposing a billionaires' tax is a bad idea. Diokno was asked of his...
