Finance Secretary Ralph G. Recto has now officially settled into his role as a member of President Marcos' economic team, following his confirmation by the powerful Commission on Appointments (CA).During the 42-minute CA hearing last March 13, Recto received mostly praises and well-wishes from the...
Finance Secretary Ralph G. Recto has received assurance from his predecessors of their full support, pledging to assist him whenever he may need it.Former finance secretaries Cesar V. Purisima, Carlos G. Dominguez III, and Margarito B. Teves have expressed their support for Recto and assured him of...
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. Diokno,...
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 socio-economic...
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 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 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 Insurance...
