The Department of Finance (DOF) said the sustained positive trend in tax collections and government spending for the remaining months of the year will have a substantial impact on the country's economic activity. On Tuesday, Oct. 31, Finance Secretary Benjamin E. Diokno asserted that there are...
The Department of Finance (DOF) said that strengthening public-private partnerships (PPP) would help finance digital infrastructure projects and ease the government's financial burden. On Thursday, Oct. 26, Finance Secretary Benjamin Diokno presented the strategies of the Philippine government to...
The Department of Finance (DOF) has reported that the application for tax incentives for 45 projects, with a combined investment capital of P721.3 billion, has been approved by the Fiscal Incentives Review Board (FIRB). In a statement on Wednesday, Oct. 25, the DOF said these projects are...
The Department of Finance’s (DOF) threw its support behind the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to harness the Philippines’ potential as a global investment hub. In a statement on Wednesday, Oct. 25, Finance Secretary Benjamin E....
The Department of Finance (DOF) said the People's Survival Fund (PSF) has greenlit about P539 million worth of fresh climate adaptation projects. The DOF said the PSF Board’s newly-approved adaptation projects will be implemented in Mountain Province, the City of Borongan, and the Municipalities...
The Department of Finance (DOF) said the Marcos administration is determined to fuel the country’s growth momentum by building a policy environment that is conducive to sustainable digital finance. In a statement on Thursday, Oct. 19, Finance Secretary Benjamin E. Diokno said the government is...
The Social Security System (SSS) has returned to the Bureau of Treasury (BTr) P5.7 billion unutilized fund for the Small Business Wage Subsidy (SBWS) Program of the Department of Finance (DOF) to help small business employers and employees during the Covid-19 pandemic. In its Peformance Audit...
The Department of Finance (DOF) said the country's growth prospects continue to be robust despite the slowdown experienced in the first half of the year. Depiste global headiwnds, Finance Secretary Benjamin E. Diokno said the government is committed to achieve a gross domestic product (GDP) growth...
Finance Secretary Benjamin E. Diokno is calling for changes in the financing models of multilateral development banks (MDBs) to tackle global challenges. During the Intergovernmental Group of 24 (G-24) Ministerial Meeting in Marrakech, Morocco, Diokno said the lending capacity of MDBs has been...
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 Department of Finance (DOF) said the Marcos administration is fully committed to implementing the necessary policy measures and programs to tackle the surge in consumer prices. In a statement, Finance Secretary Benjamin E. Diokno said that with the consumer price rate reaching a significant 6.1...
