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...
Given the strain on public funds caused by high dropout rates, the Department of Finance (DOF) suggested that the government's free tertiary education program be reserved for deserving students. Finance Secretary Benjamin E. Diokno said that offering free tuition to all students in government-run...
The Department of Finance (DOF) has assured that retired members of the uniformed services will not be affected by the government's proposed pension reforms currently pending in Congress. Finance Undersecretary Cielo D. Magno said one of the key features of the DOF proposal is to maintain the...
Japan declared its commitment to support the Philippines in attaining an upper middle-income status in the next few years. A joint committee meeting was held in Tokyo on Tuesday, Aug. 29 between the Philippine delegation and the Japanese government to determine the necessary development assistance...
The Department of Finance (DOF) and the Japan International Cooperation Agency (JICA) have sealed a loan agreement to assist the Philippines during disasters and health emergencies. In a statement, the DOF said Finance Secretary Benjamin E. Diokno and JICA Senior Vice President Nakazawa Keiichiro...
The government plans to impose new and revised taxes to generate nearly P500 billion over the next three years, data from the Department of Finance (DOF) showed. Based on the DOF list of revenue measures submitted to Congress, the government has proposed eight tax initiatives that, once approved,...
Finance Secretary Benjamin E. Diokno called upon his regional counterparts to join forces and actively collaborate in overcoming the diverse challenges hindering Southeast Asia's recovery from the Covid-19 pandemic. At the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting in...
The Department of Finance (DOF) said the Philippines maintains its position as the fastest-growing economy in Southeast Asia, surpassing its regional peers despite the second-quarter slowdown. Finance Secretary Benjamin E. Diokno said the country’s gross domestic product (GDP) average growth of...
Senator Raffy Tulfo on Sunday, July 2 criticized the Bureau of Internal Revenue’s (BIR) “anti-poor” plan to impose taxes on junk food and other food items next year. Sen. Raffy Tulfo (Senate PRIB Photo) Tulfo...
The Department of Finance’s (DOF) proposed initial five percent monthly contribution rate from the military and uniformed personnel (MUP) is too burdensome for the low-ranking soldiers, especially the enlisted personnel (EPs). Sen. Jinggoy Ejercito Estrada disclosed this was part of the main...
President Ferdinand “Bongbong” Marcos Jr. vowed to sign the controversial Maharlika Fund bill “as soon as I get it,” allaying fears that the proposed sovereign wealth fund could potentially bankrupt pensioners’ fund. President Ferdinand Marcos Jr. (File Photo/MANILA BULLETIN) “I will...
The Philippines and India have sealed a partnership in Financial Technology (FinTech) as the two countries see the need for cooperation to share and learn from each others' expertise and potentials. Department of Finance (DOF) Secretary Benjamin Diokno and Indian Ambassador to the Philippines...
