The Department of Budget and Management (DBM), along with the Government Procurement Policy Board (GPPB), in partnership with the United Nations Office on Drugs and Crime, will pilot test use of the revised procurement reports. In a statement, Budget Secretary Amenah F. Pangandaman said the pilot...
The Bureau of Internal Revenue (BIR) will look into the tax compliance of Filipino celebrities that were among the highest-earning personalities on Instagram. Finance Secretary Benjamin E. Diokno said the tax authorities have eyes set on the so-called Instagram Rich List 2022 compiled by...
The government is committed to boost the growth of the Information Technology and Business Process Management (IT-BPM) industry, the Department of Finance (DOF) said. At the recent Contact Center Association conference, Finance Secretary Benjamin E. Diokno said the government will build an enabling...
Malacañang is not calling the shots on monetary policy, the Department of Finance (DOF) said as it defended the independence of the Bangko Sentral ng Pilipinas from politics. Finance Secretary Benjamin E. Diokno said the Bangko Sentral ng Pilipinas (BSP) will continue to preserve its independence...
Digitalization lures more taxpayers, efficiency—Diokno By Chino S. Leyco The government’s two main tax agencies’ transition to digital payment systems has increased the number of taxpayers and improved their tax administration efficiency, the Department of Finance (DOF) said. Finance...
The Department of Finance (DOF) expressed gratitude to the Philippine Chamber of Commerce and Industry (PCCI) for supporting the government’s fiscal policy reforms that made the Philippines attractive to investors. At the recent 48th Philippine Business Conference and Expo, Finance Assistant...
State-run National Power Corp. (NPC) may tap its subsidy allotments from the national government to fund its operation requirements next year, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said Friday, Oct. 21, that the subsidy portion in the corporate...
Senate Minority Leader Aquilino Pimentel III reiterated his call for President Marcos to leave his concurrent post as Department of Agriculture (DA) secretary and appoint a a replacement. ‘’Napaka lawak ng activities ng DA (The activities at DA is so wide). It is like a mini-Philippines...
The Department of Budget and Management (DBM) has increased its funding allotment for the land tenure security program (LTSP) of the Department of Agrarian Reform (DAR) for next year. In a statement on Thursday, Oct. 20, Budget Secretary Amenah F. Pangandaman said the government’s proposed LTSP...
The Department of Budget and Management (DBM) wants to bring back the “good name” of its procurement service unit, which has been repeatedly embroiled in fund controversies. Budget Secretary Amenah F. Pangandaman said her administration would work in fostering hard work, integrity, and service...
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...
The skyrocketing consumer prices will not only drag down the country’s economic growth, but also keep many Filipino families trapped in poverty even if they earn more, the National Economic and Development Authority (NEDA) said. While high inflation is not here stay, Socioeconomic Planning...
