Malacañang disclosed that the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA), which was previously led by Finance Secretary Frederick Go, will be abolished. Palace Press Officer and Communications Undersecretary Claire Castro made the announcement...
Executive Secretary Ralph G. Recto is set to recommend his successor as the government’s representative on the powerful seven-member Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP), naming newly appointed Finance Secretary Frederick D. Go for the influential post. Recto, who...
Following the destructive typhoons that hit the Philippines, the national government is gearing up to tap half a billion dollars in climate funding from the Washington-based World Bank. According to the Department of Finance’s (DOF) Facebook post on Thursday, Nov. 20, the national government is...
President Marcos administered the oath of office of new Executive Secretary Ralph Recto and new Department of Finance (DOF) Secretary Frederick Go, formalizing key changes in his economic and administrative team. The two officials took their oaths at the Study Room in Malacañan on Wednesday, Nov....
The proposal to grant a one-month income tax holiday for workers must undergo a thorough review to determine whether it is doable or not, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go said. Go said the proposal is "very new," so it should be...
Special Assistant to the President for Investment and Economic Affairs Frederick Go said President Marcos’ decisive anti-corruption initiatives and ongoing governance reforms have strengthened investor confidence, turning a short-term challenge into an opportunity for long-term growth. Go said...
Construction tycoon Francis Lloyd Chua has taken over the chair of the board of directors of Asiabest Group International Inc. and replaced the Japanese directors representing the Okada Group’s Tiger Resort Asia Ltd. This comes after Chua’s Premiumlands Corp. (PLC) acquired control over...
The government is looking to introduce new regulations, such as the introduction of a higher minimum bet and an entry levy, to tighten access to online gambling. Amid continued calls against online gambling, Special Assistant to the President for Investment and Economic Affairs Secretary Frederick...
Malacañang has assured the public that the government did not offer Philippine agricultural products as concessions in the “still ongoing” negotiations with the United States to lower tariffs on local exports. Special Assistant to the President for Investment and Economic Affairs Secretary...
United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
Finance Secretary Ralph G. Recto said the Philippines could consider accommodating zero tariffs on certain American goods entering the local market as President Ferdinand Marcos Jr.’s economic managers prefer more free trade agreements (FTAs)—including with the United States (US) after the...
The Philippines remains committed to economic reform and expanding trade partnerships with other countries despite Washington’s move to impose a 20 percent tariff on Philippine exports starting Aug. 1, a Palace official said. In a press briefing, Special Assistant to the President for Investment...
