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,...
The Department of Finance (DOF) revealed that the Maharlika Investment Corp. (MIC) held its first board meeting on Wednesday, Jan. 3. The meeting, documented in a DOF Facebook update, featured MIC President and CEO Rafael D. Consing, Jr., and Finance Secretary Benjamin E. Diokno, who acted as...
Finance Secretary Benjamin E. Diokno is calling on all Filipinos to embrace a positive and hopeful perspective as they look ahead to the new year and the economic opportunities it holds. In his New Year's message, Diokno, who serves as the country's chief economic manager, spoke about the...
The Philippines has officially rolled out a comprehensive insurance coverage aimed at protecting the country from infrastructure losses caused by natural disasters, the Bureau of the Treasury announced. In a statement, Treasury Officer-in-Charge Sharon P. Almanza said the National Indemnity...
The Department of Finance (DOF) secured concessional financing for big-ticket infrastructure projects under President Marcos’ Build Better More Program as well as grants for various development projects to support the country’s rapid growth. Since the beginning of the Marcos administration, the...
President Marcos' chief economic manager assured Filipinos that they can depend on the government to mobilize efforts in addressing the expected rise in consumer prices, as inflationary pressures are projected to continue until next year. Finance Secretary Benjamin E. Diokno said that their top...
The Department of Finance (DOF) assured that it will continue with its efforts to help local government units (LGUs) in fully taking over government functions and services. In a statement, the DOF said there will be a study on operationalizing full devolution, which will help delineate the...
