Finance Secretary Benjamin E. Diokno said there is a global consensus that central banks, including the Philippines, have implemented sufficient interest rate hikes to address the escalating consumer prices. During the Chat with SBED briefing on Friday, Oct. 6, Diokno concurred with the assertion...
The government's chief economic manager expects better growth in the second half of the year as public spending picks up after a slow start in 2023. Finance Secretary Benjamin E. Diokno said the gross domestic product (GDP) growth rate from July to December could surpass the average of 5.35 percent...
President Marcos' first retail dollar bond (RDB) sale successfully raised $1.26 billion, demonstrating a positive response from the public despite the current market conditions, the Department of Finance (DOF) said. During the Chat with SBED briefing on Friday, Oct. 6, Finance Secretary Benjamin E....
The Department of Budget and Management (DBM) has granted its approval for the disbursement of P1 billion as compensation to the victims of the 2017 Marawi siege. In a statement, Budget Secretary Amenah F. Pangandaman said the DBM has approved the issuance of a Special Allotment Release Order...
The Department of Finance (DOF) said the local labor market remains strong and resilient despite global uncertainties. Finance Secretary Benjamin E. Diokno said the latest jobs data revealed positive trends, with unemployment decreasing to 4.4 percent in August from 5.3 percent the previous year...
Representatives of the Philippine government discussed with South Korea on ways to enhance the country’s business pursuit, specifically in trade, investments, tax policies and administration, customs, and licensing. Finance Secretary Benjamin E. Diokno shared Manila’s improvement on the...
The Bureau of Internal Revenue (BIR) has introduced a new exemption for certain agricultural producers with annual gross sales of less than P1 million, aimed at streamlining government transactions. According to Revenue Regulations No.12-2023, signed by Finance Secretary Benjamin E. Diokno and...
(Noel B. Pabalate/Manila Bulletin) The Department of Social Welfare and Development (DSWD) and House of Representatives (HOR) will lead the distribution of rice and financial aid to at least 2.5 million “poorest of the poor” Filipinos in the next two weeks. The distribution of rice and...
The Department of Science and Technology (DOST) recognized a total of 45 Balik Scientists for their contributions that helped shape the country's science and technology (S&T) landscape during the 9th Annual Balik Scientist Program (BSP) Convention. DOST Secretary Renato Solidum, Jr. gives the...
The government’s inter-agency body on inflation has officially recommended to President Marcos that the reduced import tariff on rice be extended until the end of next year, the National Economic and Development Authority (NEDA) said. After the Oct. 3 meeting of the Inter-Agency Committee on...
The country's unemployment rate plunged to 4.4 percent, equivalent to 2.21 million jobless Filipinos in August, the Philippine Statistics Authority (PSA) reported. The latest number is lower than the 4.8 percent or 2.27 jobless individuals recorded in July and the 5.3 percent or 2.68 million...
Vice President and Education Secretary Sara Duterte on Thursday, Oct. 5, addressed the death of a learner in Rizal and reminded teachers to ensure the safety of students who were entrusted to their care at all times. Vice President and DepEd Secretary Sara Duterte during the 2023 National Teachers'...
