The Department of Budget and Management (DBM) said it has earmarked P11 billion for the Rice Competitiveness Enhancement Fund (RCEF) as well as assistance to farmers and fisherfolks next year. In a statement, Budget Secretary Amenah F. Pangandaman said the government plans to spend P10 billion for...
Information Technology and Business Processing Outsourcing (IT-BPO) enterprises registered with the Philippine Economic Zone Authority (PEZA) need to transfer to the Board of Investments (BOI) to retain their tax incentives and continue their work from home (WFH) arrangement, the Department of...
The Marcos administration has allotted P12.5 billion for the transformation and digitalization of government processes and transactions next year, the Department of Budget and Management (DBM) said. During the Development Budget Coordination Committee Briefing at the Senate on Wednesday Sept. 14,...
The Department of Budget and Management (DBM) wants to strengthen the autonomy of local government units (LGUs) in delivering essential services to the public through higher funding allocation. During the Development Budget Coordination Committee (DBCC) Senate briefing on Wednesday, Sept. 14,...
The Department of Finance (DOF) has emphasized that sustainable finance plays a critical role in driving the country’s shift to climate change adaptation and mitigation practices. At a virtual forum organized by sustainability media and business intelligence-firm Eco-Business, Finance Secretary...
NEDA identifies top priorities in PDP 2023-2028 By Chino S. Leyco The National Economic and Development Authority (NEDA) said social protection and human capital development will be among top priorities in the short to medium term under the upcoming Philippine Development Plan (PDP) 2023-2028....
The Department of Budget and Management (DBM) on Tuesday, Sept. 12, said it will help bankroll various programs of the Department of Energy (DOE) next year. In a statement, Budget Secretary Amenah F. Pangandaman said the DBM earmarked P2.2 billion for the DOE in 2023 in line with the government’s...
The Department of Finance (DOF) has urged franchisers to digitalize their core business processes to remain viable and competitive amid an unpredictable global business climate. In a statement, Finance Secretary Benjamin E. Diokno said franchisers should lead the charge in transforming the...
The Department of Budget and Management (DBM) warned the public against unscrupulous individuals claiming to be its employees and are making false representation to solicit money. In an advisory released on Monday, Sept. 12, the DBM said it received reports that there were individuals claiming to...
Diokno extends IT-BPM's WFH setup By Chino S. Leyco The Department of Finance (DOF) has extended the work-from-home (WFH) arrangement of the Information Technology and Business Process Management (IT-BPM) enterprises until further notice. In a statement on Friday, Sept. 9, Finance Secretary...
The Department of Finance (DOF) said the Marcos administration is committed to establish a more business-friendly environment to encourage foreign investors to do business in the Philippines. During the Philippine Economic Briefing in Singapore, Finance Secretary Benjamin E. Diokno reaffirmed the...
The Marcos administration wants to rejoin the Extractive Industries Transparency Initiative (EITI) months after the previous administration withdrew the country's participation. In a statement, Finance Secretary Benjamin E. Diokno said on Friday, Sep. 9, that President Marcos wants to demonstrate...
