Finance Secretary Ralph G. Recto has chosen to retain all officials of the Department of Finance (DOF) in their current roles as he assumes one of the most challenging positions in the government. In a Department Order No. 03-2024 signed by Recto on Monday, Jan. 15, the finance chief made a single...
In his new position as a member of the Monetary Board, former Finance Secretary Benjamin E. Diokno is looking forward to a more balanced lifestyle that allows him the chance to pursue personal interests and strengthen his relationships with family and friends. On Friday, Jan. 12, Benjamin E....
The Secretary of Finance (SOF) needs to build a strong relationship with the president, make decisions based on what is best for the country, and be skilled at negotiating and working with lawmakers. Former officials from the Department of Finance (DOF) said that having the trust and support of the...
The Marcos economic team said it supports the appointment of former House Deputy Speaker and Batangas Representative Ralph G. Recto as the new finance secretary. In a statement, former Finance Secretary Benjamin E. Diokno expressed confidence in Recto, who was also a former senator and...
Newly-appointed Finance Secretary Ralph G. Recto has set his sights on a daily haul of around P20 billion to meet the spending needs of the Marcos administration for this year. In a briefing at Malacanan with President Marcos after being sworn in, Recto said that his top priority is to raise P4.3...
Former Finance Secretary Benjamin E. Diokno is set to join the Monetary Board (MB), the policy-making body of the Bangko Sentral ng Pilipinas (BSP), a ranking government official announced. In a statement, Budget Secretary Amenah F. Pangandaman said on Friday, Jan. 12, that Diokno, a former central...
The departure of Benjamin E. Diokno from the Cabinet marked the end of two consecutive administrations where the finance secretary completed the full six-year term alongside the president. The post of Secretary of Finance (SOF) is widely regarded as one of the most influential positions in the...
The Department of Finance (DOF) is gearing up for the arrival of its new boss, and there is a whisper of hope that the incoming secretary might bring along an important person on his first day. “Sana kasama si Ate Vi [I hope Ate Vi comes along],” quipped a long-time DOF staffer who asked to...
The Department of Finance (DOF) is bullish on the country's improving unemployment numbers due to the government's robust strategy for creating jobs and driving investments. In a statement, Finance Secretary Benjamin E. Diokno expressed confidence that achieving an unemployment rate of four percent...
The Department of Finance (DOF) is urging the Bureau of Internal Revenue (BIR) to not only meet but surpass its record collection target for this year in order to provide additional funding for the priority programs and projects of the Marcos administration. In a statement released on Tuesday, Jan....
The Department of Finance (DOF) said the projected slowdown in inflation this year would not only be favorable for consumers, but it may also serve as a reason for the Bangko Sentral ng Pilipinas (BSP) to reduce borrowing costs. Finance Secretary Benjamin E. Diokno said on Monday, Jan. 8, that the...
The Maharlika Investment Corp. (MIC) is gaining momentum, as its board has given the green light to the fund's capitalization scheme, the appointment of key management committee heads, and the selection of an interim fund manager. The Department of Finance (DOF) announced that the MIC Board,...
