Finance Secretary Benjamin E. Diokno asked the private sector to support the Marcos administration’s economic plan anchored in bringing the Philippines at par with its high-flying Southeast Asian neighbors. At the 48th Philippine Business Conference and Expo on Wednesday, Oct. 19, Diokno...
Marikina 2nd district Rep. Stella Quimbo is out to source additional funding for the local footwear, leather goods, and tannery industry saying that additional funds be sourced from a portion of the taxes collected from importing footwear products. A shoe factory in Marikina City doubles its...
A lawmaker who represents a multi-sectoral party lauded overseas Filipino workers (OFWs) on Tuesday, Oct. 18, for propping up the Philippine economy that is steadily recovering from the Covid-19 pandemic. (FILE PHOTO / MANILA BULLETIN) KABAYAN Party-list Rep. Ron Salo said the remittances of OFWs...
The Department of Finance (DOF) has assured US investors that the Philippine government is employing the necessary policies and reforms to address ongoing risks to the economy. During a series of meetings in Washington D.C., Finance Secretary Benjamin E. Diokno expressed the country’s readiness...
The Department of Finance (DOF) bared policy measures that the Philippines is undertaking to address the impact of high inflation and climate-related risks in during the International Monetary Fund (IMF) and World Bank Group meetings in Washington D.C. Finance Secretary Benjamin E. Diokno said in...
As a House panel moved to consolidate nine bills that seek to protect the remittances from overseas Filipino workers (OFWs), an official from the Department of Finance (DOF) warned that the country could lose as much as P3.5 billion if the proposed measure becomes law. Overseas Filipino workers...
Finance Secretary Benjamin E. Diokno met with World Bank Group President David Malpass to discuss the Philippines’ ongoing loan portfolio and seek support for the Marcos administration’s comprehensive eight-point socioeconomic agenda. On the sidelines of the 2022 Annual Meetings of the...
The Department of Finance (DOF) expects demand for real estate services will continue to pick up now that the economy has reopened and employees are reporting back to the office. In a statement, Finance Secretary Benjamin E. Diokno said he is confident that real estate services, such as rentals,...
Foregone taxes inflicted by the Corporate Recovery and Tax Incentives for Enterprises (CREATE) act were lower than expected last year, data from the Bureau of Internal Revenue (BIR) showed. Based on the document obtained from the BIR, the CREATE law, which reduced the income tax rates slapped on...
The Department of Finance (DOF) is luring the private sector to invest in the country particularly with the revised implementing rules and regulations of the Build-Operate-Transfer (BOT) law. At the 54th Annual Conference of the Financial Executives Institute of the Philippines (FINEX), Finance...
The country’s improving economic condition amid easing quarantine restrictions would enable the Social Security System (SSS) to generate higher earnings from investments, the Department of Finance (DOF) said. Finance Secretary Benjamin E. Diokno said the pension fund for the private sector...
Senators on Monday, October 3 expressed their dismay after heads of the Department of Finance (DOF) and the National Economic Development Authority (NEDA) were a no-show at the Senate Committee on Ways and Means probe on the Philippine Offshore Gaming Operations (POGO) industry. Sen. Win...
