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...
The Department of Finance (DOF) is optimistic that the improving investment climate in country will enable the government to reach its medium term goals. In a pre-recorded keynote during the Inside ASEAN: The Philippines forum organized by the Moody's Investors Service, Finance Secretary Benjamin...
Senate President Pro Tempore Loren Legarda on Friday, September 30 approved the proposed 2023 P20.304 billion budget of the Department of Foreign Affairs (DFA) in the amount of P20.304-billion. The approval followed a four-hour briefing, and a question and answer routine between senators and DFA...
The National Economic and Development Authority (NEDA) said the revised rules of the Build-Operate-Transfer (BOT) law would lure more public-private partnership (PPP) projects under the Marcos administration. In a statement, Socioeconomic Planning Secretary Arsenio M. Balisacan said the revised...
Department of Foreign Affairs (DFA) Secretary Enrique Manalo, the country's top diplomat, vowed to pursue the Philippine interest before the international community as his appointment as the department's chief got the Commission on Appointments' (CA) approval on Wednesday. In a Twitter post,...
In about six months time, the state-controlled Intercontinental Broadcasting Corporation (IBC 13) will go belly-up and leave about 178 people jobless, unless a miracle happens and the network gets privatized soon. The IBC 13 logo (photo from ibc13tv.com) During the plenary budget debate on the...
The slip-up of the Office of Press Secretary (OPS) about the details of the meeting between President Ferdinand “Bongbong” Marcos Jr. and US President Joe Biden won’t happen again, the House sponsor of the OPS budget said. Press Secretary Trixie Cruz-Angeles (Photo courtesy of the Office of...
President Marcos’ economic managers were pursuing more foreign investments from the US, trumpeting the country's sound macroeconomic fundamentals, the government’s clear roadmap for economic recovery, and sustainable growth. At the first Philippine Economic Briefing (PEB) in North America late...
Virus-related research in the country would receive fresh funding next year in line with the government’s effort to ensure the health and safety of Filipinos, the Department of Budget and Management (DBM). Budget Secretary Amenah F. Pangandaman said the Marcos administration earmarked P419.3...
The Department of Budget and Management (DBM) has tapped the Department of Interior and Local Government (DILG) and the National Bureau of Investigation (NBI) to break up fraudulent solicitation schemes. In a statement, Budget Secretary Amenah F. Pangandaman said on Wednesday, Sept. 21, that the...
Economic managers expressed gratitude to Congress for supporting the Marcos administration's medium-term fiscal blueprint that aims to steer the economy back to its high-growth trajectory. Finance Secretary Benjamin E. Diokno and Budget Secretary Amenah F. Pangandaman said on Tuesday, Sept. 20,...
