Finance Secretary Benjamin E. Diokno has ramped up the anti-graft efforts of the Department of Finance through the strengthened operations of the Revenue Integrity Protection Service (RIPS). “Prudent fiscal management must be underpinned by transparency and accountability. As custodians of public...
President Marcos' chief economic manager said the government's swift and resolute actions to combat inflation were responsible for the considerable decrease in consumer prices recorded in October. In a statement, Finance Secretary Benjamin E. Diokno lauded the 4.9 percent headline inflation...
Finance Secretary Benjamin E. Diokno is urging the National Power Corp. (NPC) to improve access to electricity in remote communities. During the NPC's 87th Anniversary, Diokno reminded the company of its mission to provide electricity to remote areas and islands in the Philippines and assured them...
Finance Secretary Benjamin E. Diokno believes that borrowing costs in the country have hit a ceiling. On the sidelines of the Retail Dollar Bond 2 listing on the Philippine Dealing and Exchange Board on Monday, Nov. 6, Diokno stated that there is no rationale to warrant a further increase in...
The government’s plan to raise $1 billion through Sharia-compliant or Sukuk bonds will still push through by end-November despite the Israel-Hamas conflict. Finance Secretary Benjamin E. Diokno told reporters in an interview on Monday, Nov. 6, that the government is targeting to issue the...
The Department of Finance (DOF) has announced that the Bureau of Internal Revenue (BIR) and the Bureau of Customs will further intensify their administrative measures to collect more taxes and duties. In a statement, Finance Secretary Benjamin E. Diokno said the government's two main tax agencies...
The Department of Finance (DOF) said the sustained positive trend in tax collections and government spending for the remaining months of the year will have a substantial impact on the country's economic activity. On Tuesday, Oct. 31, Finance Secretary Benjamin E. Diokno asserted that there are...
Finance Secretary Benjamin E. Diokno has commended the local treasurers all over the country as they embark on playing a crucial role in the success of the Barangay and Sangguniang Kabataan (BSK) elections on Monday, Oct. 30. “Today marks a significant moment as we step out to exercise our right...
The Department of Finance (DOF) said that strengthening public-private partnerships (PPP) would help finance digital infrastructure projects and ease the government's financial burden. On Thursday, Oct. 26, Finance Secretary Benjamin Diokno presented the strategies of the Philippine government to...
President Marcos’ chief economic manager has pitched investment opportunities in the Philippines to leaders of Luxembourg-based funds and business groups. During the Business Forum and Networking Lunch hosted by the Luxembourg Stock Exchange (LuxSE), Finance Secretary Benjamin E. Diokno...
The Department of Finance’s (DOF) threw its support behind the proposed amendments to the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law to harness the Philippines’ potential as a global investment hub. In a statement on Wednesday, Oct. 25, Finance Secretary Benjamin E....
The Department of Finance (DOF) said the People's Survival Fund (PSF) has greenlit about P539 million worth of fresh climate adaptation projects. The DOF said the PSF Board’s newly-approved adaptation projects will be implemented in Mountain Province, the City of Borongan, and the Municipalities...
