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...
The Department of Finance (DOF) vowed to modernize the government’s main tax agencies following the swift approval of its proposed budget for next year. In a statement, Finance Secretary Benjamin E. Diokno said on Monday, Oct. 3, that the DOF is planning to spend P30.57 billion in 2023, higher by...
The Department of Finance (DOF) renewed an agreement allowing the Marcos administration to access South Korea’s official development assistance (ODA) under its Economic Development Cooperation Fund (EDCF) for the government’s infrastructure program. DOF said in a statement that Finance...
