Government revenues from asset sales surged in the first half of the year but well behind the target set by the Department of Finance (DOF), data from the Bureau of the Treasury showed. Between January and June 2024, the national government garnered P411.52 million through the privatization of...
The Department of Finance (DOF) and the Government Financial Institutions (GFIs) have implemented measures to aid affected Filipinos and facilitate the reconstruction of areas impacted by Typhoon Carina. In a statement, Finance Secretary Ralph Recto said that every effort is being made to ensure...
The Department of Finance (DOF) said the full implementation of an international merchandise passport would help Filipino businesses showcase their products globally and make it easier for them to do business in foreign markets. As part of the DOF's efforts to improve the ease of doing business in...
Dividends from government-owned and controlled corporations (GOCCs) increased more than half in the first seven months of the year, the Department of Finance said in a report. In its Facebook post, the DOF shared that it collected a total of P95.54 billion from January to July, 52 percent higher...
The Green Climate Fund (GCF) board approved $1 billion worth of climate adaptation and mitigation projects, including a project that will empower entrepreneurs to promote climate-resilient development. During its 39th Board Meeting in Incheon, Korea, from July 13 to 18, the GCF approved 17 funding...
The national government plans to borrow $500 million to support the relief and recovery efforts for areas impacted by Typhoon Carina, the Department of Finance (DOF) said. Finance Secretary Ralph G. Recto announced that DOF is preparing to utilize the standby credit line provided to the Philippines...
Finance Secretary Ralph G. Recto said the government’s non-tax revenues are projected to increase by twofold this year due to remittances from government-owned and controlled corporations (GOCCs). Speaking at the post-SONA discussion, Recto remained firm that the government is on track to hit...
The Department of Finance (DOF) said that the remittance of P89.9 billion in unused funds from the Philippine Health Insurance Corp. (PhilHealth) is projected to boost economic growth by 0.8 percentage points. Finance Secretary Ralph G. Recto said at the Post-State of the Nation Address...
President Marcos’ chief economic manager stated that achieving single-digit poverty incidence among Filipinos may happen sooner than expected. Finance Secretary Ralph G. Recto said last year's poverty rate, which better the target, was "very encouraging," given that it is also lower than...
Finance Secretary Ralph G. Recto has expressed support for the Department of Trade and Industry’s (DTI) directive to suspend the online selling of vape products temporarily. “I support the DTI directive. Their job is to regulate the sale of vape products and to ensure minors do not have access...
Senator Christopher “Bong” Go on Friday, July 19 vowed to look into the legality of the purported transfer of around P90-billion worth of funds representing unused government subsidy for Philippine Health Insurance Corp. (PhilHealth) back to the National Treasury. Go, chairman of the...
The Maharlika Investment Corporation, the management that runs the state’s wealth fund, said it has finalized its governance structure, as well as its principles and framework in deciding investments. During a meeting presided over by Finance Secretary and MIC Chairperson Ralph G....
